Siliconix Inc. (Santa Clara, CA), a subsidiary of Vishay Intertechnology Inc. (Malvern, PA), announced that net income for the year ended December 31, 2002, was $46.2 million, or $1.54 per share, an increase of 206 percent from the $15.1 million, or $0.51 per share, achieved in 2001. Net sales in 2002 were $372.9 million, a 22 percent increase from net sales of $305.6 million in 2001.
Net income in the fourth quarter of 2002 was $13.4 million, or $0.45 per share, more than 20 times the $649 thousand net income, or $0.02 per share, in the fourth quarter of 2001, and a slight increase from net income of $13.3 million, or $0.45 per share, in the third quarter of 2002. Net sales in the fourth quarter of 2002 were $98.3 million, a 28% increase from net sales of $76.7 million in the last quarter of 2001 and a 2% increase over net sales of $96.1 million in the third quarter of 2002. The gross margin for the fourth quarter of 2002 was 32 percent, compared to 18 percent for the fourth quarter of 2001, and 31 percent for the third quarter of 2002.
