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Article: ADC Reports Results for Second Fiscal Quarter 2006; Fiber-to-the-X (FTTX) Deployments Drive Global Fiber and Copper Connectivity Sales Higher; 2006 Annual Sales Estimate of $1.35-$1.39 Billion.
- Article from:
- Business Wire
- Article date:
- May 31, 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):
Revised Conference Call Time to May 31 at 8:30 A.M. Eastern (Details Below)
--Net Sales from Continuing Operations for 2Q06 Were $366 Million, Up 30% from 1Q06 and 17% from 2Q05 (Excluding Fiber Optic Network Solutions' (FONS) Sales of $39 Million from 2006 Results, 2Q06 Sales Up 4% from 2Q05)
--Year-Over-Year Sales Growth Driven Primarily by 91% Growth in Fiber Connectivity Solutions and 16% Growth in Global Copper Connectivity Solutions Partially Offset By Lower Wireless Sales
--International Sales Were 40% of Total Sales; United States Sales Grew 24% Over 2Q05
--$0.19 GAAP Earnings Per ...