Record Second Quarter Revenue and Gross Profit
Book-to-Bill Greater than 1:1
Repaid $186.6 million of High Yield Debt
PLAINVIEW, New York — February 8, 2011 -- Aeroflex Holding Corp. ("Aeroflex") (NYSE: ARX),
a leading global provider of microelectronic components and test and measurement equipment, today announced its financial results for the fiscal second quarter and six months ended December 31, 2010.

In November 2010, Aeroflex successfully completed a $267 million initial public offering.  Almost all of the net proceeds after fees, expenses and extinguishment costs were used to retire $186.6 million of high yield debt.

Record net sales this quarter were driven by continued growth in LTE products, radiation hardened space products and revenue from acquired companies.  GAAP results were impacted by non-recurring costs associated with the initial public offering and the extinguishment of high yield debt.  Compared to the second quarter of fiscal 2010, non-GAAP results for the second quarter of fiscal 2011 include costs associated with the acceleration of research and development projects in Aeroflex Test Solutions to meet customer requirements for new products, and higher operating costs due to the acquisitions of Willtek, Radiation Assured Devices and Advanced Control Components which were not fully integrated during the quarter.

The full fiscal year 2011 non-GAAP effective tax rate expected from our current geographic mix of non-GAAP pre-tax income is 31%.  This rate was applied to our non-GAAP pre tax income for the three and six month periods ended December 31, 2010.

The following tables present selected financial information for the three and six months ended December 31, 2010 and 2009 prepared in accordance with generally accepted accounting principles (“GAAP”) and on a basis other than GAAP (“Non-GAAP”). A reconciliation of GAAP to Non-GAAP is presented at the end of this press release.


The following information was filed by Aeroflex Inc on Tuesday, February 8, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Aeroflex Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Aeroflex Inc.


Never Miss A New SEC Filing Again

Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.


We Highlighted This SEC Filing For You

SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.


Widen Your SEC Filing Reading Experience

Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view


Uncover Actionable Information Inside SEC Filings

SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q


Adobe PDF, Microsoft Word and Excel Downloads

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis


FREE Financial Statements

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator

Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019) Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not


Financial Stability Report

Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019) Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity


Get a Better Picture of a Company's Performance

Financial Ratios
Available Financial Ratios Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years


Log in with your credentials


Forgot your details?

Create Account