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Analog Devices, Inc. Message Board

  • bluecheese4u bluecheese4u Feb 19, 2013 6:13 PM Flag

    Analog Devices Reports First Quarter Fiscal Year 2013 Results; Increases Dividend by $0.04 to $0.34 Per Share

    Analog Devices Reports First Quarter Fiscal Year 2013 Results; Increases Dividend by $0.04 to $0.34 Per Share

    February 19, 2013
    NORWOOD, Mass.--(BUSINESS WIRE)-- Analog Devices, Inc. (NASDAQ: ADI), a global leader in high-performance semiconductors for signal processing applications, today announced financial results for its first quarter of fiscal year 2013, which ended February 2, 2013.

    Results for the First Quarter of Fiscal 2013

    Revenue totaled $622.1 million
    Gross margin was 62.7% of revenue
    Operating margin was 26.9% of revenue, excluding special items, and was 24.7% on a GAAP basis
    Diluted EPS was $0.44, excluding special items, and was $0.42 on a GAAP basis
    Cash flow from operations was $158 million, or 25.4% of revenue
    "Results for the first quarter were within the range we communicated and represented a generally weak macroeconomic environment exacerbated by year-end inventory reductions at many customers. Nevertheless, our operating performance remained strong, as we carefully managed our business to balance the long term opportunities for ADI with the realities of current market conditions," said Jerald G. Fishman, CEO. "In January, order rates began to improve across most markets and geographies and have remained strong so far this quarter. As a result, we are planning for solid revenue growth in our second quarter, in the range of 4-8% sequentially with significant operating leverage."

    ADI also announced that its Board of Directors has approved a 13 percent increase in its regular quarterly dividend, from $0.30 to $0.34 per outstanding share of common stock. The dividend will be paid on March 12, 2013 to all shareholders of record at the close of business on March 1, 2013.

    investorDOTanalog.DOTcom/releasedetail.DOTcfm?ReleaseID=741495

    Form 10-Q
    investorDOTanalogDOTcom/secfilingDOTcfm?filingID=6281-13-4

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50.55+0.39(+0.78%)Jul 28 3:59 PMEDT

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