Hughes More Than Doubles Fourth-Quarter Profit

Hughes Supply Inc., Orlando, more than doubled its fourth-quarter profit as sales and acquisitions lifted its bottom line, the company said.

Quarterly income surged to $20.7 million from $9.4 million a year ago. Sales totaled $1.12 billion, up 41 percent from $796 million a year earlier.

Hughes said sales grew sharply across all of its segments, led by water and sewer products. Sales in its utilities segment more than doubled to $173.3 million.

Full-year earnings were

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