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Article: ADC Reports Results for First Fiscal Quarter 2006; U.S. and European Fiber-to-the-X (FTTX) Deployments Drive Global Fiber and Copper Connectivity Sales Higher; Raising 2006 Annual Sales Estimate.(Company Profile)
- Article from:
- Business Wire
- Article date:
- March 1, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS -- ADC (NASDAQ:ADCT):
--Net Sales from Continuing Operations for 1Q06 Were $280 Million, Up 16% from 1Q05 (Excluding $17 Million of Fiber Optic Network Solutions' (FONS) Sales from 2006 Results, 1Q06 Sales Up 9% from 1Q05)
--Year-Over-Year Sales Growth Driven Primarily by 75% Growth in Fiber Connectivity Solutions and 25% Growth in Global Copper Connectivity Solutions Partially Offset By Lower Sales in Other Areas
--International Sales Were 45% of Total Sales; United States Sales Grew 30% Over 1Q05
--$0.02 GAAP Diluted Loss Per Share from 1Q06 Continuing Operations (Includes Deduction of $0.11 for Restructuring Charges, ...