Burr-Brown Corp. reports third quarter 1995 results.

TUCSON, Ariz.--(BUSINESS WIRE)--Oct. 12, 1995--Burr-Brown Corp. (NASDAQ:BBRC) announced sales of $70.2 million for the third quarter 1995, an increase of 43 percent from the same quarter 1994 and 1 percent higher than the preceding quarter.

Net income was $8.3 million or $0.54 per share as compared to $0.12 (restated for 1995 stock split) for the third quarter 1994, an increase of 350 percent. Net income year-to-date increased 266 percent as compared to the same period in 1994.

Foreign currency exchange rate changes, particularly involving the yen, had an unfavorable impact on third quarter revenue of approximately 6 percent as compared to rates in effect during the second quarter of 1995. However, exchange rates had a favorable effect on revenue of approximately 3 percent when compared to the same quarter a year ago.

Gross profit, at 49 percent of sales, was up 6 percentage points over the same quarter in 1994 and up approximately one half point sequentially. Operating expenses as a percent of sales were reduced 6 percentage points from the third quarter of 1994 and 1.5 points from the preceding quarter.

Third quarter operating profit was $11.5 million compared to $2.3 million for the third quarter of 1994, an increase of 396 percent. Year-to-date operating profit of $28.4 million represents a 200 percent improvement over the same period last year. The expected effective income tax rate for 1995 remains at 27 percent.

Third quarter bookings of $70.5 million were 25 percent higher than those of the third quarter of 1994. Year-to-date bookings were 44 percent above the same period last year. Third quarter bookings exceeded third quarter revenue but were slightly down from the previous quarter.

On Sept. 22, 1995, the company completed a public sale of 1,750,000 shares of common stock. Proceeds from the sale of more than $61 million will be used to meet the requirements of strong market demand and other corporate purposes.

John L. Carter, executive vice president and chief financial officer, said, "We are pleased with the third quarter results which show continued strong demand around the world and across all product lines. We are particularly pleased with the continued profit after tax margin improvement which has steadily increased throughout the year. The recent stock sale reflects our confidence in the profitable growth opportunities within our business and our commitment to provide the necessary resources to pursue these opportunities."

Burr-Brown Corp. is a worldwide leader in the development, manufacturing and marketing of electronic components including precision linear, data conversion and mixed signal integrated circuits.

These products address applications for both analog and digital signal processing relating to communications, industrial and process control, test and measurement, medical instrumentation, digital audio, multimedia and personal computer systems.

Manufacturing facilities are located in Tucson; Livingston, Scotland; and Atsugi, Japan. Direct sales and distribution locations are in the United States, Japan, Germany, France, Italy, England, Switzerland and The Netherlands.

For additional information, write to Burr-Brown Corp., Investor Relations, P.O. Box 11400, Tucson, Ariz. 85734, or call John L. Carter, executive vice president and chief financial officer, at 520/746-7758. -0-

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

Three Months Ended              Sept. 30,     Oct. 1,   Percent
                                  1995         1994     Change

Bookings                        $70,530      $56,267     25.3
Sales                            70,218       49,217     42.7
Gross profit                     34,411       21,178     62.5
Gross profit (percent)               49           43     14.0
Operating expenses:
 Research and development         6,695        5,386     24.3
 Sales, general and
  administrative                 16,173       13,464     20.1
Total expenses                   22,868       18,850     21.3
Operating profit                 11,543        2,328    395.8
Interest expense                    265          424    (37.5)
Other expense                       (74)        (160)   (53.8)
Profit before tax                11,352        2,064    450.0
Income tax expense                3,065          359    753.8
Net income                       $8,287       $1,705    386.0
Shares outstanding           15,417,000   14,521,500(b)   6.2
Earnings per share (a)            $0.54        $0.12(b) 350.0

Nine Months Ended               Sept. 30,     Oct. 1,   Percent
                                  1995         1994     Change

Bookings                       $220,836     $153,570     43.8
Sales                           199,359      144,179     38.3
Gross profit                     96,395       66,862     44.2
Gross profit (percent)               48           46      4.3
Operating expenses:
 Research and development        19,444       15,898     22.3
 Sales, general and
  administrative                 48,551       41,503     17.0
Total expenses                   67,995       57,401     18.5
Operating profit                 28,400        9,461    200.2
Interest expense                    863        1,467    (41.2)
Other expense                       428          486    (11.9)
Profit before tax                27,109        7,508    261.1
Income tax expense                7,320        2,102    248.2
Net income                      $19,789       $5,406    266.1
Shares outstanding           15,230,000   14,476,500(b)   5.2
Earnings per share (a)            $1.30        $0.37(b) 251.4

(a) Based on weighted average common and common equivalent shares
outstanding.
(b) 1994 comparative information was restated to reflect a 3-for-2
stock split effective May, 1995.

CONTACT: Burr-Brown Corp., Tucson

John L. Carter, 520/746-7758