AVX Named to Fortune 40 (posted 7/15/08)
“We are delighted and honored to be singled out by Fortune Magazine in this impressive list of companies. Our commitment to product innovation, diversification and quality has driven AVX in a consistent and profitable growth path, as evidenced by our strong operating performance and balance sheet. Our competitive markets, coupled with today’s uncertain global economic environment, are requiring both customers and investors to pay particular attention to the suppliers that can weather any storm,” said Pete Venuto, vice president of Sales.
The article highlights that as of June 2, 2008, AVX had a price-to-earning ratio of 15, as well as an 8% return on assets with $193 million of free cash flow generated during the previous 12 months. For more information, call (843) 448-9411, fax (843) 444-2864 or visit www.avx.com.