International Rectifier Corporation and Subsidiaries
Unaudited Consolidated Statement of Operations
(In thousands except per share amounts) |
| Q2 FY96 |
Three Months Ended
December 31, |
Six Months Ended
December 31, |
|
|
1995 |
|
1994 |
|
1995 |
|
1994 |
| Revenues |
$ |
141,026 |
$ |
102,814 |
$ |
267,123 |
$ |
195,067 |
| Cost of sales |
|
87,137 |
|
67,022 |
|
165,923 |
|
127,761 |
| Gross profit |
|
53,889 |
|
35,792 |
|
101,200 |
|
67,306 |
| Selling and administrative expense |
|
25,187 |
|
19,947 |
|
48,346 |
|
38,433 |
| Research and development expense |
|
6,325 |
|
4,944 |
|
12,012 |
|
9,055 |
| Operating profit |
|
22,377 |
|
10,901 |
|
40,842 |
|
19,818 |
| Other income (expense): |
|
|
|
|
|
|
|
|
| Interest, net |
|
(169) |
|
(522) |
|
281 |
|
(1,434) |
| Other, net |
|
(248) |
|
(310) |
|
(650) |
|
(489) |
| Income before income taxes |
|
21,960 |
|
10,069 |
|
40,473 |
|
17,895 |
| Provision for income taxes |
|
6,741 |
|
1,701 |
|
12,425 |
|
3,029 |
| Net income |
$ |
15,219 |
$ |
8,368 |
$ |
28,048 |
$ |
14,866 |
| Net income per share (A) |
$ |
0.30 |
$ |
0.18 |
$ |
0.55 |
$ |
0.34 |
| Average common and common equivalent shares outstanding (A) |
|
51,403 |
|
45,474 |
|
51,308 |
|
43,334 |
(A) Reflects the two-for-one stock split declared on November 20, 1995.
Company Contact: Shelley Baumsten Wagers (310) 607-8848
|
|
