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International Rectifier Sees Growth Potential in Energy Saving Appliances
Aug 18, 2011
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International Rectifier Corp., reported that, in its 2011 fiscal year fourth quarter, ended June 26, 2011, revenue was $317.2 million, up 6.9% from $296.7 million in the third quarter of fiscal year 2011 and a 20.3% increase from $263.8 million in the fourth quarter of fiscal year 2010.

IR is a supplier of analog, digital, and mixed signal integrated circuits (ICs) and other power management products for the appliance and other industries. IR reported 4Q 2011 net income of $39.6 million, compared to $49.5 million in 3Q 2011 and $29.0 million in 4Q 2010.

IR reported full fiscal year 2011 revenue of $1.18 billion, up 31.4% or $281.3 million over revenue of $895.3 million in fiscal year 2010. FY 2011 net income was $166.5 million, up from $80.8 million in FY 2010.

"With weakened end-market demand, we currently expect September quarter revenue to range from $290 million to $310 million," said IR President and CEO Oleg Khaykin. "Looking further out, IR continues to see strong design win traction with a number of our products, including energy saving appliance applications, automotive, and servers, as well as in our discrete products."

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