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Brightpoint Posts Higher Q4 Sales, Lower Profits

2/03/2011 10:40:28 AM Eastern
Indianapolis -- Brightpoint reported higher sales but lower profits in the fourth quarter, ended Dec. 31.

Revenue was $1.1 billion for the quarter, an increase of 24 percent compared to the prior year.

Wireless devices handled were 29.1 million for the fourth quarter of 2010, which was a record amount of units handled in a quarter for Brightpoint. This represents an increase of 21 percent compared with the fourth quarter of 2009. The increase in wireless devices handled compared with the fourth quarter of 2009 was driven by an increase in wireless devices handled through logistic services.

Wireless devices handled through logistic services were 23.8 million for the fourth quarter of 2010, which is also a quarterly record for Brightpoint.

Income from continuing operations was $15.4 million compared with $21.4 million for the fourth quarter of 2009 .

Robert J. Laikin, chairman/CEO of Brightpoint, said, "Our comprehensive solutions offerings enabled us to handle approximately 99 million wireless devices in 2010, which clearly demonstrates our global leadership position. Our recent acquisition of Touchstone Wireless provides us with new service offerings, which enhances our broad array of wireless supply-chain solutions. We will continue to invest in new services that are critical to support the proliferation of smartphones and tablets in the global wireless industry. We expect the global wireless handset market to grow by approximately 10 percent in 2011."

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