Ceramic Industry

ATC Announces Fourth Quarter Results

September 4, 2001
American Technical Ceramics Corp. (ATC) recently announced its fourth fiscal quarter and year-end results. Net sales for the quarter ended June 30, 2001, decreased 11% to $19,003,000 from $21,384,000 in the quarter ended June 30, 2000. Net income amounted to $2,333,000, or approximately $.29 per common share ($.28 per common share assuming dilution), for the quarter ended June 30, 2001, compared with net income of $3,380,000, or approximately $.44 per common share ($.40 per common share assuming dilution), for the comparable quarter ended June 30, 2000. Net sales for the fiscal year ended June 30, 2001, increased 27% to $84,585,000, from $66,692,000 in fiscal year 2000. Net income amounted to $10,332,000, or approximately $1.30 per common share ($1.24 per common share assuming dilution), for the fiscal year ended June 30, 2001, compared with net income of $9,071,000, or approximately $1.18 per common share ($1.11 per common share assuming dilution), for the fiscal year ended June 30, 2000.

The company's website is located at http://www.atceramics.com.