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Wyle Laboratories

BUSINESS
July 26, 1994
Wyle Laboratories, an Irvine electronic products marketer, reported second-quarter profit of $4.3 million, or 35 cents a share, up 54% from earnings of $2.8 million, or 23 cents a share, for the same period last year. Second-quarter sales rose 42% to $209.1 million from $147.6 million. Profit for the first half was $7.1 million, or 57 cents a share. That compared to earnings a year earlier of $4.1 million, or 34 cents a share, which included a one-time, charge of $3.
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BUSINESS
February 4, 1994
Wyle Laboratories went shopping for money to support last summer's major expansion efforts and walked away Thursday with a $50-million line of credit from four banks. Wyle, one of the nation's larger marketers and distributors of high-technology electronic products, will use the money for working capital until 10 locations it opened last June in the Midwest and the East reach the break-even point, said Van Holland, the company's chief financial officer.
BUSINESS
November 23, 1993
Wyle Laboratories, the Irvine electronics distribution company, reported a third-quarter profit of $2.8 million, or 23 cents a share. That was down 22% from earnings of $3.6 million, or 35 cents a share, for the same period a year earlier. The company said the 1993 profit was affected by start-up costs for 10 new facilities. Sales for the quarter ended Oct. 31 rose 10% to $160.8 million from $146.4 million.
BUSINESS
April 21, 1988
Jack S. Kilby, inventor of the integrated circuit and holder of more than 50 patents, has joined the Wyle Laboratories board of directors. The Wyle board has been expanded to 12 members.
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