Siliconix Reports Third-Quarter 2002 ResultsOctober 30, 2002 by Jeff Shepard
Siliconix Inc. (Santa Clara, CA), a subsidiary of Vishay Intertechnology Inc. (Malvern, PA), announced net income of $13.3 million, or $0.45 per share, for the quarter ended September 28, 2002. This compares to a net loss of $877,000, or $0.03 per share, in the third quarter of 2001 and net income of $11.2 million, or $0.37 per share, in the second quarter of 2002.
Sales for the third quarter of 2002 were $96.1 million, 42 percent more than the sales of $67.5 million for the third quarter of 2001, and 1.3 percent more than the sales of $94.9 million for the second quarter of this year. Net income for the first nine months of 2002 was $32.7 million, or $1.10 per share, 127 percent more than the net income of $14.4 million, or $0.48 per share, for the first nine months of 2001. Sales for the first nine months of 2002 were $274.7 million, 20 percent more than the sales of $228.9 million for the first nine months of 2001.