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/REPEATING FROM FEB. 17 FOR POINTS NEEDED/

 ANALOG DEVICES REPORTS INCREASED SALES
 AND PROFITS FOR FIRST QUARTER OF FISCAL 1993
 NORWOOD, Mass., Feb. 17 /PRNewswire/ -- Analog Devices (NYSE: ADI) today announced sales of $151.3 million for the first fiscal quarter ended Jan. 30, 1993, up 15 percent from the first quarter a year ago. Net income was $8.1 million, or $0.16 per share, compared to a loss of $972 thousand, or $0.02 per share, for the first quarter last year.
 Bookings for the first quarter were $160 million, 20 percent above last year's first quarter and 5 percent above those for the immediately prior quarter.
 Ray Stata, Chairman of the Board and CEO, said, "We're especially pleased about the sequential improvement in bookings because this was the first time in four years that bookings for the first quarter exceeded those for the fourth. Bookings were strongest in Western Europe and in the Pacific Rim outside Japan, driven by production ramp ups of our SPLICs (special-purpose linear ICs) and DSP (digital signal processing) ICs used in personal computer applications and in applications for both handsets and base stations in the Pan-European GSM digital cellular telephone system. Many of the orders originating in Southeast Asia are a result of design-ins achieved in the United States and Western Europe.
 "New products continue to be our growth driver," continued Stata. "During the first quarter orders for products introduced within the previous five quarters totaled $29 million, or 18 percent of total bookings, up from $24 million and 16 percent of total bookings for the previous quarter.
 "Gross margin as a percent of sales came in on plan, essentially flat to the fourth quarter," Stata commented. "R&D expense was essentially flat to the fourth quarter, which resulted in the R&D-to-sales ratio declining for the sixth consecutive quarter, reaching 14.4 percent of sales. SMG&A expense declined sequentially, primarily due to a stronger dollar and our continuing efforts to further reduce the SMG&A expense-to-sales ratio."
 Regarding the company's outlook for the rest of fiscal 1993, Stata noted, "Although the world economic outlook remains uncertain, the order strength we saw in the first quarter, combined with the first quarter's financial results, has reaffirmed our optimism that we can achieve significant revenue and profit growth during fiscal 1993. As the second quarter is typically seasonally strong for Analog Devices, we curently anticipate further strengthening in orders and revenues during this year's second quarter. While we are pleased with our progress, we believe our business is capable of producing better profits and asset turnover ratios, and we will seek to continuously improve our performance as we go forward."
 With fiscal 1992 revenues of $567 million, Analog Devices is a Fortune 500 manufacturer of precision high-performance integrated circuits used in analog and digital signal processing applications. The company employs approximately 5,300 people worldwide and has manufacturing facilities in Massachusetts, California, North Carolina, Ireland, Japan, the Philippines and Taiwan.
 ANALOG DEVICES SUPPLEMENTAL INFORMATION
 First Quarter, Fiscal 1993
 Sales/Earnings Summary
 Three Months Ended
 Jan. 30, 1993 Feb. 1, 1992 Oct. 31, 1992
 Bookings $159,955 $133,175 $152,000
 Net Sales 151,303 131,306 148,819
 Gross Margin 72,325 58,450 71,376
 Percent of Sales 47.8 pct. 44.5 pct. 48.0 pct.
 Operating Expenses
 R&D 21,752 22,225 21,825
 Selling, Mrktg and G&A 38,671 35,820 39,205
 Total Oper. Exp. 60,423 58,045 61,030
 Operating Income 11,902 405 10,346
 Interest Exp., Net 1,357 1,244 1,346
 Other Nonop Expense 385 433 554
 Income (Loss) Before Tax 10,160 (1,272) 8,446
 Provision (Credit) for Taxes 2,032 (300) 1,400
 Net Income (Loss) 8,128 (972) $7,046
 Shares used for EPS 49,637 46,881 48,215
 Earnings (Loss) per Share $0.16 ($0.02) $0.15
 Selected Balance Sheet Information
 Jan. 30, 1993 Feb. 1, 1992 Oct. 31, 1992
 Cash & Cash Equiv. $22,405 $8,891 $17,730
 Accts Receivable, Net 117,074 96,689 111,732
 Inventories 148,397 121,205 142,453
 Other Current Assets 26,153 22,709 25,051
 Total Current Assets 314,029 249,494 296,966
 PP&E, Net 238,792 230,614 237,423
 Intangible Assets 22,864 24,956 23,387
 Other 4,279 4,836 4,091
 Total Assets $579,964 $509,900 $561,867
 Total Current Liabil. $98,147 $85,015 $99,562
 Long-term Debt 80,000 54,155 70,000
 Non-Curr. Lease Oblig. 551 869 632
 Other Non-Curr. Liab. 16,761 15,350 16,656
 Stockholders' Equity 384,505 354,511 375,017
 Total Liab. & Equity $579,964 $509,900 $561,867
 Depreciation and Capital Expenditures
 Three Months Ended
 Jan. 30, 1993 Feb. 1, 1992 Oct. 31, 1992
 Deprec. and Amort. $14,240 $13,309 $14,157
 Capital Expenditures $15,438 $18,989 $17,661
 NOTE: All amounts in thousands except gross margin percent
 and earnings per share
 -0- 2/17/93 R
 /CONTACT: James O. Fishbeck, Director of Corporate Communications, 617-461-3282/
 (ADI)


CO: Analog Devices ST: Massachusetts IN: CPR SU: ERN

CH -- NE099 -- 0764 02/26/93 10:07 EST
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