IR ends year with near-record quarter
An International Rectifier product story
Edited by the Electronicstalk editorial team Aug 3, 2004
International Rectifier has reported pro forma earnings of $36.6 million (or $0.52 per share) in the June quarter.
International Rectifier has reported pro forma earnings of $36.6 million (or $0.52 per share) in the June quarter (after including the dilutive impact of $0.01 per share from the first-time inclusion of 7.4 million shares underlying the company's convertible debenture).
This compares with $29.8 million (or $0.43 per share) in the March quarter and $15.4 million (or $0.24 per share) in the prior-year quarter.
The pro forma June quarter earnings excluded a $9.5 million pretax charge for ongoing severance and restructuring activities.
The pro forma March quarter earnings excluded $9.9 million in restructuring-related pretax charges and $5.9 million pretax gain related to the Hitachi settlement.
The prior-year June quarter pro forma earnings excluded $3.8 million in restructuring-related pretax charges.
On a GAAP basis, net income was $29.4 million (or $0.42 per share) in the June quarter versus $26.7 million (or $0.39 per share) in the March q