AVX Corp. (AVX) Tops Q3 EPS by 9c, Revenues Miss

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AVX Corporation Announces Preliminary Third Quarter Results

January 23, 2020 8:30 AM EST

FOUNTAIN INN, S.C.--(BUSINESS WIRE)-- AVX Corporation (NYSE: AVX) today reported preliminary unaudited results for the third quarter ended December 31, 2019.

Chief Executive Officer and President, John Sarvis, stated, We completed the third quarter of our fiscal year with net sales of $344.4 million, down 8.7% compared to the previous quarter and down 22.2% from the same quarter last year reflecting extended inventory levels in the supply chain for commodity products and continuing weakness in the global market for electronic components. Our global distribution channel activity declined again this quarter as inventories remained extended.... More