Indianapolis - Brightpoint swung back to the black in fiscal
2009 following a 2008 net loss, posting its third consecutive quarter of net
income in a wireless industry whose global sell-in decreased by 6-8 percent in
units during the year, the company reported.
The wireless distributor and logistics provider posted net
income of $26.6 million for the 2009 fiscal year ending Dec. 31 compared to a
full-year 2008 loss of $341.8 million. In 2007, net income was $47.4 million.
For the fourth quarter, net income was $18.3 million
compared to a year-ago net loss of $346 million.
Although fourth-quarter and full-year net was up, revenues
were down for both periods, falling 5.8 percent for the quarter to $905.6
million and 28 percent for the year to $3.19 billion.
In the fourth quarter, the company handled 24.1 million
wireless devices worldwide, up 11 percent sequentially from the third quarter
and up 12 percent year-over-year. For the full year, the company handled 83.5
million units, up 1 percent year-over-year at a time when global sell-in fell by
6-8 percent from 2008, the company said.
The number of units handled in both periods exceeded
Brightpoint's forecasts because of better than expected volume in the Americas
region, the company said.
The numbers include
restructuring charges that came to $13.5 million in 2009 and $13.4 million in