International Rectifier Corporation and Subsidiaries
Unaudited Consolidated Statement of Operations
(In thousands except per share amounts) |
| Q4 FY96 |
Three Months Ended
June 30, |
Twelve Months Ended
June 30, |
|
|
1996 |
|
1995 |
|
1996 |
|
1995 |
| Revenues |
$ |
155,656 |
$ |
122,092 |
$ |
576,849 |
$ |
429,026 |
| Cost of sales |
|
91,147 |
|
78,080 |
|
351,046 |
|
278,202 |
| Gross profit |
|
64,509 |
|
44,012 |
|
225,803 |
|
150,824 |
| Selling and administrative expense |
|
27,149 |
|
22,648 |
|
102,129 |
|
82,328 |
| Research and development expense |
|
7,770 |
|
5,515 |
|
26,967 |
|
20,108 |
| Operating profit |
|
29,590 |
|
15,849 |
|
96,707 |
|
48,388 |
| Other income (expense): |
|
|
|
|
|
|
|
|
| Interest, net |
|
(115) |
|
756 |
|
(394) |
|
(377) |
| Other, net |
|
(16) |
|
(3) |
|
(383) |
|
(544) |
| Income before income taxes |
|
29,459 |
|
16,602 |
|
95,930 |
|
47,467 |
| Provision for income taxes |
|
9,039 |
|
2,822 |
|
29,451 |
|
8,069 |
| Net income |
$ |
20,420 |
$ |
13,780 |
$ |
66,479 |
$ |
39,398 |
| Net income per share (A) |
$ |
0.40 |
$ |
0.27 |
$ |
1.29 |
$ |
0.84 |
| Average common and common equivalent shares outstanding (A) |
|
51,558 |
|
50,836 |
|
51,384 |
|
47,020 |
(A) Reflects the two-for-one stock split declared on November 20, 1995.
Company Contact: Shelley Baumsten Wagers (310) 726-8512
|
|
