Product category: Power Supply ICs and Controllers
News Release from: International Rectifier
Edited by the Electronicstalk Editorial Team on 02 May 2005
IR on track to higher margins
International Rectifier has reported adjusted earnings of $41.7 million (or $0.56 per share) for the March quarter - a 40% increase over the prior-year quarter.
International Rectifier has reported adjusted earnings of $41.7 million (or $0.56 per share) for the March quarter - a 40% increase over the prior-year quarter This compares with $44.8 million (or $0.62 per share) for the December quarter
This article was originally published on Electronicstalk on 15 Feb 2001 at 8.00am (UK)
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For the March, December and prior-year quarters adjusted earnings excluded $8.1 million, $6.8 million and $9.9 million in pretax charges, respectively, for severance and restructuring activities announced in December 2002.
A one-time $5.9 million net pretax gain from a patent settlement also is excluded from March 2004 adjusted earnings.
On a GAAP basis, net income increased $35.6 million (or $0.48 per share) for the March quarter versus $26.7 million (or $0.39 per share) for the prior-year quarter and was $39.5 million (or $0.55 per share) in the December 2004 quarter.