Nu Horizons Reports Sales and Earnings Results for First Quarter Fiscal 2003


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Melville, N.Y. — Nu Horizons Electronics Corp. announced its financial results for the first quarter of fiscal 2004, reflecting the period ended May 31, 2003.

Net sales for the quarter decreased to $72.8 million as compared to $75 million for the prior year's fiscal period. Net loss for the first quarter was $831,000 or 5 cents per share on 16,675,040 average basic shares outstanding as compared to net income of $7,705, or no cents per share on 16,636,447 average basic shares outstanding (no cents per share on 17,482,949 diluted shares) in the corresponding year ago period.

Nu Horizons Electronics Corp. is a national distributor of high technology electronic components. For more information, visit www.nuhorizons.com.

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