AVX Corp. Announces Fourth Quarter and Year-End Results


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Myrtle Beach, S.C. — AVX Corp. reported that net sales were $261.2 million in the fourth quarter ended March 31, 2003 and $11 billion for the fiscal year ended March 31, 2003.

Before special charges of $2.9 million in cost of sales related to the completion of restructuring activities that were initiated during fiscal 2002, the net loss for the quarter ended March 31, 2003, was $11.1 million, or 6 cents per share. After special charges, the net loss for the quarter ended March 31, 2003, was $14 million, or 8 cents per share. The net loss for the fiscal year ended March 31, 2003 was $12.4 million, or 7 cents per share.

AVX Corp. is a leading manufacturer and supplier of a broad line of passive electronic components and related products. For more information, visit www.avxcorp.com.

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