AVX Corp. (AVX) Tops Q4 EPS by 2c, Revenues Miss

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AVX Corporation Announces Preliminary Fourth Quarter and Fiscal Year Results

April 22, 2019 8:30 AM EDT

FOUNTAIN INN, S.C.--(BUSINESS WIRE)-- AVX Corporation (NYSE: AVX) today reported preliminary unaudited results for the fourth quarter and fiscal year ended March 31, 2019.

Chief Executive Officer and President, John Sarvis, stated, We completed our fiscal year with net sales of $1,791.8 million, reflecting a 14.7 percent increase over the previous year. Our gross profit of $482.9 million, or 27.0 percent gross profit margin reflects solid operating performance, positively influenced by our operational efficiency programs, as well as improved pricing in the market when compared to the prior fiscal year. We continue to focus on... More