AVX Corp. (AVX) Reports In-Line Q3 EPS

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Go back to AVX Corp. (AVX) Reports In-Line Q3 EPS

AVX Corporation Announces Preliminary Third Quarter Results

January 26, 2016 8:30 AM EST

GREENVILLE, S.C.--(BUSINESS WIRE)-- AVX Corporation (NYSE: AVX) today reported preliminary unaudited results for the third quarter ended December 31, 2015.

Chief Executive Officer and President, John Sarvis, stated, We completed our third quarter of the fiscal year with net sales of $287.0 million for the quarter, reflecting some seasonality effect in the United States and Europe and overall muted global macro-economic conditions. Gross profit of $66.0 million, or 23.0%, shows solid operating results reflecting our continued focus on the sale of higher margin value-added components and cost control. While we have seen some improvement... More