TABLE - Semtech Corp (NASDAQ:SMTC) Q4 results
Reuters, Wednesday, February 18, 1998 at 16:45
NEWBURY PARK, Calif., Feb. 18 (Reuters) -
(In thousands, except per-share data)
Three months ended 12 months ended
Feb. 1, Jan. 26, Feb. 1, Jan. 26,
1998 1997 1998 1997
Net sales $28,542 $21,066 $102,808 $71,595
Cost of goods sold 14,670 11,728 53,879 40,912
Gross profit 13,872 9,338 48,929 30,683
Operating costs and expenses:
Selling, general and
administrative 4,422 3,594 16,715 12,696
Product development and
engineering 2,757 1,586 9,195 5,324
Total operating costs and
expenses 7,179 5,180 25,910 18,020
Operating income 6,693 4,158 23,019 12,663
Acquisition costs -- -- 1,210 --
Interest and other (income)
expense (109) 19 (350) (51)
Income before taxes 6,802 4,139 22,159 12,714
Provision for taxes 2,264 1,361 7,398 4,227
Net income 4,538 2,778 14,761 8,487
Earnings per share:
Basic 0.32 0.20 1.06(a) 0.62
Diluted 0.28 0.19 0.93(a) 0.59
Weighted average number of
shares:
Basic 14,157 13,668 13,979 13,589
Diluted 16,050 14,781 15,844 14,330
(a) Reflects a net of tax acquisition charge of $808,000,
or 5 cents per diluted share.
Copyright 1998, Reuters News Service
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