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Brightpoint Reports Higher Sales, Profits

– Brightpoint, a supply chain solutions provider to the wireless industry,
reported higher net income and revenue in the first quarter ended March 31.

Net income
attributable to common shareholders was $9.29 million in the quarter up from
the prior year’s $1.45 million.

Revenue was
$1.1 billion for the first quarter, an increase of 40 percent compared to the
first quarter of 2010.

The increase
was primarily driven by growth in our distribution business due to the increased
demand for smartphones and general increased availability of product compared
to what was experienced in the prior year.

devices handled were 27.2 million for the first quarter of 2011. This
represents an increase of 21 percent compared to the first quarter of 2010 and
a decrease of 6 percent compared to the fourth quarter of 2010.

“I am pleased
with our first quarter 2011 operating results, which reflect our continued
focus on execution and discipline in managing our business,” said Robert J.
Laikin, chairman/CEO of Brightpoint.

“Our comprehensive
solutions offerings enabled us to handle approximately 27.2 million wireless
devices in the first quarter of 2011 which clearly demonstrates our global
leadership position.”

He added that
Brightpoint expects “the global wireless handset market to grow by
approximately 10 percent in 2011.”