Hughes' Net Income Up For Year Ended Jan. 31, 2003
June 1, 2003
Hughes Supply (Orlando, Fla.) said its net income rose 32% and diluted earnings per share increased by 30% for the year ended Jan. 31, 2003. Overall sales were up 1% but comparable branch sales were down 3%. The company also reported a 10-year compounded annual growth rate in earnings per share of 13.7%. Fiscal year 2003 contained 53 weeks vs. the 52 weeks in 2002 and 2001. The additional week was included in the first quarter. For expanded coverage of this, visit www.supplyht.com.