– SED International Holdings, a distributor of CE and related products,
reported higher net and operating income on lower net revenue in its fiscal
second quarter, ended Dec. 31, 2011.
revenue decreased 3.8 percent to $150.9 million, from $157 million in last
year’s comparable period due primarily to an industrywide disk-drive shortage
related to flooding in Thailand, the location of major suppliers of disk-drive
and drive components.
increased 326 percent to $3.8 million, compared with net income of $900,000 million
in the comparable period last year.
increased 246 percent to $4.3 million, compared with operating income of $1.2
million in the comparable period last year.
“SED delivered strong bottom-line results, due
primarily to robust holiday sales and a favorable product mix,” said Jonathan
Elster, president/CEO of SED International. “The e-commerce segment, where we
have made considerable investments, was a major driver of our holiday sales
strength and our results benefitted from a more favorable product mix. While an
industrywide shortage of hard drives from a tragic natural disaster in Thailand
resulted in lower revenues, margins improved due to the scarce supply and our
careful management of the supply chain.”