Ceramic Industry

ATC Announces Second Quarter Earnings

February 12, 2001
American Technical Ceramics Corp. (ATC) recently announced earnings for its second fiscal quarter and the six months ended December 31, 2000. Net sales for the quarter ended December 31, 2000, increased 43% to $21,326,000 from $14,935,000 in the quarter ended December 31, 1999. Net income amounted to $2,445,000, or approximately $.31 per common share ($.30 per common share assuming dilution), for the quarter ended December 31, 2000, compared with net income of $1,659,000, or approximately $.22 per common share ($.21 per common share assuming dilution), for the quarter ended December 31, 1999. Net sales for the six month period ended December 31, 2000, increased 57% to $42,223,000 from $26,837,000 in the six month period ended December 31, 1999. Net income amounted to $5,040,000, or approximately $.63 per common share ($.61 per common share assuming dilution), for the six months ended December 31, 2000, compared with net income of $2,489,000, or approximately $.33 per common share ($.32 per common share assuming dilution), for the comparable period ended December 31, 1999.

A replay of a conference call with management will be available through February 13, 2001, at 11:59 p.m. EST. To listen to the replay, call (800) 475-6701 (within the U.S.) or (320) 365-3844 (international). The access code is 565499. A replay of the live webcast will be available through May 6, 2001. To access the webcast, visit http://www.atceramics.com and click on the webcast icon in the investor relations section.