Aavid Thermal Technologies Inc. (Concrod, NH) announced preliminary operating results for its third quarter ended September 29, 2001. For the quarter, total sales were $46.5 million, or 12.8 percent lower than the $53.3 million reported in the prior quarter, and represented a $22.4 million decrease from the $68.9 million in sales reported for the third quarter of 2000.
Sales for the company's software subsidiary, Fluent, were $14.4 million, or 12.3 percent lower than the $16.4 million in sales reported for the second quarter of 2001, and an 11.6 percent increase over third-quarter 2000 sales of $12.9 million. Third-quarter sales for the thermal management group, Aavid Thermalloy, totaled $32.1 million, or 13.0 percent lower than the prior quarter's sales of $36.9 million, and 42.7 percent lower than the $56.0 million in sales reported for the third quarter of 2000.
The company's adjusted EBITDA (adjusted earnings before interest, taxes, depreciation and amortization) for the third quarter of 2001 was a loss of $ 2.3 million. This represents a $12.6 million decrease from the $10.3 million of adjusted EBITDA for the third quarter of 2000, as well as a $6.3 million decrease from the $4.0 million reported in the second quarter of 2001.