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Bell Industries reported operating results for the third quarter and nine months ending September 30. Net income increased to $12.2 million, or $1.61 per share, compared with $11.1 million or $1.49 per share for the same period last year. Sales increased to $164.3 million from $148.6 million as well. Sales for the current nine months grew to $464.1 million from $417.2 million last year.