Concord, N.H.--July 23, 1997--Aavid Thermal Technologies Inc. (Concord, N.H.) reported yesterday second quarter 1997 sales of $37.1 million, a 61 percent increase over second quarter 1996 sales of $23.0 million.
Earnings per share for the second quarter of 1997 were $0.23 on $1.9 million of net income, compared to $0.02 on $0.2 million of net income for the same quarter a year earlier. (Second quarter 1996 results exclude a non-cash charge related to the write-off of purchased undeveloped technology.)
Aavid's financial results represent sequential gains compared to the first quarter of 1997 in which sales were $34.4 million and earnings were $0.21 per share on net income of $1.7 million.
Aavid Thermal Technologies
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