Orlando, Fla.-based-Hughes Supply reported positive comparable growth of 3% for its fiscal third quarter 2004 ended Oct. 31, after 11 quarters of negative comparable branch sales growth. Revenues for the quarter were $859.5 million, up 7% compared with $804.0 million last year. Net income of $17.8 million was about 10% lower than $19.8 million in the prior year's third quarter.
For the nine months ended Oct. 31, sales were $2,457.4 million, up 3.7% vs. $2,368.7 million last year. Net income for the nine months was $48.3 million, down 4.7% from $50.7 million last year.