International Rectifier Corporation and Subsidiaries
Unaudited Consolidated Statement of Income
(In thousands except per share amounts) |
| Q1 FY97 |
Three Months Ended
September 30, |
|
|
1996 |
|
1995 |
| Revenues |
$ |
115,193 |
$ |
126,097 |
| Cost of sales |
|
76,381 |
|
78,786 |
| Gross profit |
|
38,812 |
|
47,311 |
| Selling and administrative expense |
|
26,189 |
|
23,159 |
| Research and development expense |
|
8,024 |
|
5,687 |
| Operating profit |
|
4,599 |
|
18,465 |
| Other income (expense): |
|
|
|
|
| Interest, net |
|
(344) |
|
450 |
| Other, net |
|
176 |
|
(402) |
| Income before income taxes |
|
4,431 |
|
18,513 |
| Provision for income taxes |
|
1,374 |
|
5,684 |
| Net income |
$ |
3,057 |
$ |
12,829 |
| Net income per share (A) |
$ |
0.06 |
$ |
0.25 |
| Average common and common equivalent shares outstanding (A) |
|
51,425 |
|
51,213 |
(A) Reflects the two-for-one stock split declared on November 20, 1995.
Company Contact: Shelley Wagers (310) 726-8512
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|
