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Article: Barnett Inc. Announces Second Quarter Results and Plans for National Distribution Center.
- Article from:
- PR Newswire
- Article date:
- January 27, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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JACKSONVILLE, Fla., Jan. 27 /PRNewswire/ -- Barnett Inc. (Nasdaq: BNTT), a leading direct marketer and distributor of an extensive line of plumbing, electrical, hardware and security hardware products to a broad base of customers, announced today the results of its second quarter and six months ended December 31, 1999.
Second Quarter Results
Net sales for the second quarter ended December 31, 1999 totaled $71.1 million compared with $58.1 million in the prior year period, an increase of 22.3%. Operating income for the three months ended December 31, 1999 totaled $8.0 million compared with $6.7 million in the prior year period, an increase of 19.5%. Net ...