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.
