ON Semiconductor Posts Second-Quarter 2002 Results
ON Semiconductor LLC (Phoenix, AZ) announced that total revenues in the second quarter of 2002 were $278.0 million, a sequential increase of $9.0 million from the first quarter of 2002. The company had a pro-forma net loss of $22.0 million, or $0.14 per share, as compared to a pro-forma net loss of $0.26 per share in the first quarter of 2002. The second-quarter pro-forma results exclude restructuring and other charges of $3.0 million and an extraordinary loss on debt prepayment of $7.0 million.
Including these items, the company reported a net loss of $32.0 million, or $0.19 per share, in the second quarter of 2002, compared to a net loss of $50.0 million, or $0.30 per share, in the first quarter of 2002.