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AVX Corporation Announces Preliminary Second Quarter Results.

Publication: Business Wire
Publication Date: 23-OCT-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: AVX Corporation Announces Preliminary Second Quarter Results.(Financial report)

Article Excerpt
MYRTLE BEACH, S.C. -- AVX Corporation (NYSE:AVX) AVX today reported preliminary results for the second quarter ended September 30, 2009.

Highlights:

* Revenue for the September 2009 quarter increased 6.3% from the previous quarter to $310.5 million.

* Gross Profit margin excluding special charges reached its highest level since the fourth quarter of fiscal 2001, improving to 21.0% in the current quarter.

* Non-GAAP net income of $32.5 million, or $0.19 per share, for the September 2009 quarter.

* Dividends of $6.8 million, or $0.04 per share, were paid during the current quarter.

* Cash and investments in securities increased to $864.0 million with no debt at September 30, 2009.

For the quarter ended September 30, 2009, net sales increased sequentially over...

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