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Article: MEMC Reports Third Quarter Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- October 23, 2008
CopyrightCOPYRIGHT 2008 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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ST. PETERS, Mo. -- MEMC Electronic Materials, Inc. (NYSE: WFR) today reported financial results for the quarter ended September 30, 2008.
Highlights:
* Net sales of $546.0 million
* Gross profit of $269.7 million (49.4% of net sales)
* Operating income of $227.5 million (41.7% of net sales)
* Cash and investment balances of $1.4 billion
* Repurchased 2.5 million shares under repurchase program