Product category:
Power Supply ICs and Controllers
News Release from: International Rectifier
Edited by the Electronicstalk Editorial
Team on 01 November 2005
International Rectifier posts financial
results
International Rectifier has reported adjusted earnings of $29.4 million (or $0.41 per share) for the September quarter, on revenues of $272.6 million.
International Rectifier has reported adjusted earnings of US$29.4 million (or US$0.41 per share) for the September quarter, on revenues of US$272.6 million, compared with US$38.4 million (or US$0.54 per share) for the June quarter, on revenues of US$281.8 million For the September 2005, June 2005 and September 2004 quarters, adjusted earnings excluded US$4.3 million, US$12.4 million and US$6.7 million in pretax charges, respectively, for severance and restructuring activities announced in December 2002
This article was originally published on Electronicstalk on 15 Feb 2001 at 8.00am (UK)
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The June 2005 quarter also excluded a one-time US$6.0 million pretax charge from the accelerated vesting of options.
On a GAAP basis, net income was US$26.2 million (or US$0.36 per share) for the September quarter, versus US$24.7 million (or US$0.35 per share) in the June quarter and US$37.6 million (or US$0.53 per share) for the prior-year quarter.
Gross margin was 40.7% in the first quarter, down 280 basis points from 43.5% in the June quarter.
The company reported gross margin of 42.7% in the year-ago September quarter.
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