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Merix Reports Results for the Third Quarter of Fiscal 2003
April 3, 2003 |Estimated reading time: Less than a minute
Forest Grove, Ore. -- Merix Corp. has reported results for its third quarter ended March 1, 2003.
Sales for the quarter were $22.1 million, compared to $18.5 million reported for the third quarter of fiscal 2002. The company reported a net loss this quarter of $4.9 million or 33 cents per share, compared to a net loss of $3.8 million or 26 cents per share for the same period last year. A pre-tax charge of $2 million, or 8 cents per share after tax, for restructuring and related activities negatively impacted results in the third quarter of fiscal 2003. Excluding this charge, the net loss for the third quarter was $3.6 million or 25 cents per share.
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.