Burr-Brown Corp. reports 1994 results.

TUCSON, Ariz.--(BUSINESS WIRE)--Jan. 27, 1995--Burr-Brown Corp. (NASDAQ:BBRC) announced sales of $194.2 million for the year, an increase of 15.2 percent from 1993.

Operating profit for the year was $10.5 million compared to $7.8 million in 1993. Net income was $6.5 million for the year or $0.67 per share compared to $2.8 million or $0.29 per share in 1993.

Fourth quarter sales of $50.0 million increased 22.4 percent over the corresponding quarter of 1993. The company experienced an operating profit of $1.1 million in the fourth quarter of 1994 compared to $2.3 million in the third quarter of 1994 and $1.8 million in the corresponding fourth quarter of 1993.

Net income for the fourth quarter of 1994 was $1.1 million or $0.11 per share versus $1.7 million or $0.18 in the third quarter of 1994 and $0.8 million or $0.09 per share in the fourth quarter of 1993.

John Carter, executive vice president and chief financial officer, said, "Geographically, sales have increased over the prior year in all three of the company's major sales locales, the Americas, Europe and Asia. Asian bookings showed the most dramatic increase at the end of 1994.

"The tax rate for 1994 decreased from the 28 percent anticipated at the end of the third quarter to 22 percent causing a favorable impact in the fourth quarter. Inventories were lowered 9 percent from the previous year-end. This caused production to be reduced relative to sales which unfavorably impacted gross margins.

"The plans for 1995 include an increased sales effort, continued cost management, new product introductions, and continued customer satisfaction and quality actions. We anticipate continued revenue growth and profit margin improvement."

Burr-Brown Corp. is an international leader in the design and marketing of electronic components. Its products range from precision linear integrated circuits and mixed signal integrated circuits to data collection systems and personal computer instrumentation.

The company's circuits are used in analog and digital signal processing applications found in medical instrumentation, factory automation, automatic test equipment, process control and consumer products.

The company has manufacturing facilities in Tucson, Ariz.; Livingston, Scotland; and Atsugi, Japan. Sales and distribution locations are in the United States, Japan, Germany, France, Italy, England, Switzerland and The Netherlands.

For additional information, please write to Burr-Brown Corp., Investor Relations, P.O. Box 11400, Tucson, Ariz. 85734, or call John L. Carter, executive vice president and CFO at 602/746-7758. -0-

                   Burr-Brown Corp. and Subsidiaries
                   Consolidated Summary of Operations
                 (In thousands except per share amounts)

Three Months Ended              Dec. 31,     Dec. 31,   Percent
                                  1994         1993     Change

Bookings                        $50,585      $40,866     23.8
Sales                            50,017       40,876     22.4
Gross profit                     21,093       20,680      2.0
Gross profit (percent)             42.2         50.6    (16.6)
Operating expenses
 Sales and marketing             10,188        9,561      6.6
 Product design                   5,953        5,363     11.0
 General & administration         3,885        3,930     (1.1)
Total expenses                   20,026       18,854      6.2
Operating profit                  1,067        1,826    (41.6)
Interest expense                    258          508    (49.2)
Other expense                        25          357    (93.0)
Profit before tax                   784          961    (18.4)
Income tax expense                 (276)         116   (337.9)
Net income                       $1,060         $845     25.4
Earnings per share (a)             $.11         $.09     22.2
Shares outstanding            9,850,000    9,537,000      3.3

Year Ended                      Dec. 31,     Dec. 31,   Percent
                                  1994         1993     Change

Bookings                       $204,155     $170,321     19.9
Sales                           194,196      168,577     15.2
Gross profit                     87,954       81,602      7.8
Gross profit (percent)             45.3         48.4     (6.4)
Operating expenses
 Sales and marketing             38,954       36,985      5.3
 Product design                  21,851       19,752     10.6
 General & administration        16,622       17,080     (2.7)
Total expenses                   77,427       73,817      4.9
Operating profit                 10,527        7,785     35.2
Interest expense                  1,725        2,338    (26.2)
Other expense                       511          900    (43.2)
Profit before tax                 8,291        4,547     82.3
Income tax expense                1,826        1,730      5.5
Net income                       $6,465       $2,817    129.5
Earnings per share (a)             $.67         $.29    131.0
Shares outstanding            9,665,000    9,584,000      0.8

(a) Based on weighted average common and common equivalent shares
outstanding.

CONTACT: Burr-Brown Corp., Tucson

John L. Carter, 602/746-7758