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Article: American Power Conversion Announces Fourth Quarter and Full Year 2002 Financial Results.

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PR Newswire
Article date:
February 4, 2003
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American Power Conversion Corporation (APC) today reported financial results for the fourth quarter and full year ended December 31, 2002.

Revenue for the fourth quarter 2002 was $358.0 million, an increase of 6 percent year-over-year from $338.6 million for the fourth quarter 2001 and an increase of 6 percent sequentially from $337.1 million in the third quarter 2002. Net income for the fourth quarter 2002 was $28.3 million or $0.14 per share, down 3 percent versus $29.1 million or $0.15 per share reported in the fourth quarter 2001.

During the fourth quarter 2002, APC recorded after-tax charges of $16.9 million or $0.09 per share. These charges ...

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