International Rectifier Corporation and Subsidiaries
Unaudited Consolidated Statement of Operations
(In thousands except per share amounts) |
| Q3 FY96 |
Three Months Ended
March 31, |
Nine Months Ended
March 31, |
|
|
1996 |
|
1995 |
|
1996 |
|
1995 |
| Revenues |
$ |
154,070 |
$ |
111,867 |
$ |
421,193 |
$ |
306,934 |
| Cost of sales |
|
93,976 |
|
72,361 |
|
259,899 |
|
200,122 |
| Gross profit |
|
60,094 |
|
39,506 |
|
161,294 |
|
106,812 |
| Selling and administrative expense |
|
26,634 |
|
21,247 |
|
74,980 |
|
59,680 |
| Research and development expense |
|
7,185 |
|
5,538 |
|
19,197 |
|
14,593 |
| Operating profit |
|
26,275 |
|
12,721 |
|
67,117 |
|
32,539 |
| Other income (expense): |
|
|
|
|
|
|
|
|
| Interest, net |
|
(560) |
|
301 |
|
(279) |
|
(1,133) |
| Other, net |
|
283 |
|
(52) |
|
(367) |
|
(541) |
| Income before income taxes |
|
25,998 |
|
12,970 |
|
66,471 |
|
30,865 |
| Provision for income taxes |
|
7,987 |
|
2,218 |
|
20,412 |
|
5,247 |
| Net income |
$ |
18,011 |
$ |
10,752 |
$ |
46,059 |
$ |
25,618 |
| Net income per share (A) |
$ |
0.35 |
$ |
0.21 |
$ |
0.90 |
$ |
0.56 |
| Average common and common equivalent shares outstanding (A) |
|
51,363 |
|
50,580 |
|
51,326 |
|
45,750 |
(A) Reflects the two-for-one stock split declared on November 20, 1995.
Company Contact: Shelley Baumsten Wagers (310) 607-8848
|
|
