IBJNews

Brightpoint posts record revenue for 2011

Back to TopCommentsE-mailPrintBookmark and Share

Brightpoint had a record year in terms of revenue and the number of wireless devices handled in 2011.

The Indianapolis-based company said after markets closed Wednesday that it earned $48.8 million on revenue of $5.24 billion last year.

Fourth-quarter revenue surged 39 percent from a year ago to $1.56 billion, as the logistics provider handled a record 30.7 million devices, including tablets.

Over the year, Brightpoint handled 112.2 million devices, also a record, the company said.

Quarterly earnings were $15.1 million, or 22 cents per share. That compared with earnings of $15.9 million, or 23 cents per share, a year earlier.

Full-year earnings per share were 71 cents, up substantially from 43 cents per share in 2010.

CEO Bob Laikin said Brightpoint is positioned to benefit from the growth of smartphones, but the company revised its earnings forecast for 2012 downward, based on early January results.

Brightpoint said it expects to earn 66 cents to 76 cents per share this year, versus the previous forecast of 67 cents per share to 79 cents per share. Brightpoint said the first-quarter seasonal decline has been greater than normal.

ADVERTISEMENT

  • Thin Margins
    An eleven cent raise over three years of employment is tough, I give you that. However, thier profit margin is extremely thin. There are companies far smaller in terms of revenue making much more money. They probably can't afford to pay employees much more and still keep investors interested.
  • no wonder
    they can post that type of profit because they have slave labor and don't give raises to employees who work their fingers off for them. I worked there for three years and got an 11 cent raise in the entire three years and was doing supervisor work. They dont share that profit back with employees.

    Post a comment to this story

    COMMENTS POLICY
    We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
     
    You are legally responsible for what you post and your anonymity is not guaranteed.
     
    Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
     
    No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
     
    We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
     

    Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

    Sponsored by
    ADVERTISEMENT

    facebook - twitter on Facebook & Twitter

    Follow on TwitterFollow IBJ on Facebook:
    Follow on TwitterFollow IBJ's Tweets on these topics:
     
    Subscribe to IBJ
    1. Aaron is my fav!

    2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

    3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

    4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

    5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

    ADVERTISEMENT