AVX Corporation Reports Preliminary Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016; Provides Tax Rate Guidance for the Fourth Quarter Fiscal 2017
For the nine months, the company reported net sales of $983,083,000 against $891,924,000 a year ago. Profit from operations was $118,479,000 against $83,748,000 a year ago. Income before income taxes was $127,678,000 against $88,839,000 a year ago. Net income was $91,928,000 against $68,870,000 a year ago. Diluted income per share was $0.55 against $0.41 a year ago.
For the fourth quarter, the company expects tax rate to be 28%.