AVX Corporation Announces Preliminary Second Quarter EPS of $.40

AVX Corporation AVX AVX today reported preliminary unaudited results for the second quarter ended September 30, 2010.

Highlights:

• Revenue for the September 2010 quarter of $430.6 million increased 8.6% from the previous quarter and increased 38.7% from the second quarter of last year.
• Gross Profit margin improved for the ninth consecutive quarter to 28.4% in the current quarter compared to 25.9% in the previous quarter and 20.8% in the same quarter last year.
• Net income of $67.9 million, or $0.40 per share, for the September 2010 quarter.
• Dividends of $7.7 million, or at a $0.18 per share annual rate, were paid during the second quarter of fiscal 2011.