Hughes Supply Posts 90% Increase in Third-Quarter Net Income

Hughes Supply Inc., Orlando, had record results in its fiscal third quarter. The company posted a 90 percent rise in net income for the quarter ended Oct. 29 to $33.8 million, from $17.8 million, in the same period a year ago.

Revenue for the third quarter was a record $1.17 billion, an increase of 36 percent from $859.5 million during last year’s third quarter.

The company’s third-quarter results reflected continued strength in commercial and residential construction, and pri

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