Ceramic Industry News

American Technical Ceramics Announces Results

February 10, 2003
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American Technical Ceramics Corp. recently announced financial results for the second fiscal quarter and the six months ended December 31, 2002. Net sales for the quarter were $11,561,000, essentially flat compared to $11,582,000 in the comparable quarter in the previous year. The net loss amounted to $330,000, or approximately $.04 per common share for the quarter ended December 31, 2002, compared with net loss of $1,038,000, or approximately $.13 per common share, for the comparable quarter ended December 31, 2001. Net sales for the six months ended December 31, 2002, decreased 6% to $24,048,000 from $25,487,000 in the comparable period in fiscal year 2002. Net income amounted to $8,000 for the six months ended December 31, 2002, compared with a net loss of $740,000, or approximately $.09 per common share, for the comparable period ended December 31, 2001.

A replay of the company's recent conference call is available by calling (800) 475-6701 or (320) 365-3844; the access code is 670189. A webcast of the call will be available for approximately two weeks at http://www.atceramics.com .

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