Niche distributors show resilience in tough economy

Financial results from Daisytek International and Pioneer-Standard Electronics show that niche distributors continue to persevere in a tough business climate. For its fourth quarter ended March 31, Daisytek posted $3.9 million in net income, or 20 cents per diluted share, compared with $3.1 million,...

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Bibliographic Details
Published in:CRN 2002-05 (995), p.22
Main Author: Cruz, Mike
Format: Article
Language:English
Subjects:
Corporate presidents
Dilution
Distributors
Earnings per share
Electronics industry
Financial performance
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Summary:Financial results from Daisytek International and Pioneer-Standard Electronics show that niche distributors continue to persevere in a tough business climate. For its fourth quarter ended March 31, Daisytek posted $3.9 million in net income, or 20 cents per diluted share, compared with $3.1 million, or 21 cents per diluted share, in the year-ago quarter. Revenue rose 23 percent to $324 million, compared with $264.1 million a year earlier.
ISSN:1539-7343