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Merix Announces Profitable Results for Second Quarter FY 2004
December 26, 2003 |Estimated reading time: Less than a minute
Forest Grove, Ore. — Merix Corp. has announced results for the second quarter of fiscal 2004 ended November 29, 2003.
Sales for the second quarter increased 43 percent to $37 million, compared to $25.9 million for the second quarter of fiscal 2003 and increased 20 percent from $30.7 million in the first quarter of fiscal 2004. Net income in the second quarter of fiscal 2004 was $707,000, or 5 cents per diluted share, compared to a net loss of $2.1 million, or 15 cents per share, in the second quarter of fiscal 2003 and a net loss of $2.2 million, or 15 cents per share, in the first quarter of fiscal 2004.
Merix is a leading manufacturer of technologically advanced, multilayer, rigid printed circuit boards for use in sophisticated electronic equipment. For more information, visit www.merix.com.