EX-99.1
2
a4959768ex99-1.txt
EXHIBIT 99.1

                                                                    Exhibit 99.1

                   American Technical Ceramics Corp.
       Announces Full Year and Fourth Quarter Financial Results

    HUNTINGTON STATION, N.Y.--(BUSINESS WIRE)--Aug. 25, 2005--AMERICAN
TECHNICAL CERAMICS CORP. (AMEX Symbol: AMK), a leading manufacturer of
high-performance electronic components, including capacitors and thin
film circuits for a broad range of commercial and military
applications, today announced financial results for the fourth quarter
and the fiscal year ended June 30, 2005.
    Net sales for the fiscal year ended June 30, 2005 increased 19% to
$72,965,000 from $61,183,000 in fiscal year 2004. Net income amounted
to $4,195,000 for the fiscal year ended June 30, 2005, or
approximately $0.48 per common share assuming dilution, compared with
net income of $2,176,000, or approximately $0.25 per common share
assuming dilution, for the fiscal year ended June 30, 2004.
    Net sales for the quarter ended June 30, 2005 increased 10% to
$20,817,000 from $19,009,000 in the comparable quarter in fiscal year
2004. Net income amounted to $1,449,000, or approximately $0.16 per
common share assuming dilution, for the quarter ended June 30, 2005,
compared with net income of $3,090,000, or approximately $0.36 per
common share assuming dilution, for the comparable quarter ended June
30, 2004.
    Management stated that the increases in sales for the twelve and
three month periods as compared to the comparable periods of the prior
fiscal year were a result of higher sales volumes in most of the
Company's product lines primarily due to strong shipments to customers
in the military, medical electronics and wireless infrastructure
markets.
    Net income increased for the fiscal year ended June 30, 2005
compared to the prior fiscal year primarily due to the increased
revenues. Net income decreased for the quarter ended June 30, 2005
compared to the comparable period in the prior fiscal year primarily
due to lower gross and operating margins which resulted from several
factors, including a change in product mix, increased expenses under
the Company's self insured health plan and increased scrap.
    Bookings for the three months ended June 30, 2005 were
approximately $21.1 million, an increase over the levels achieved in
both the comparable period in the prior fiscal year and the sequential
quarter of the current fiscal year. These increases are primarily due
to strong demand from customers in the semiconductor equipment,
wireless infrastructure and medical markets.
    Victor Insetta, President and Chief Executive Officer of the
Company, stated, "Bookings and net sales for the fourth quarter have
increased over the third quarter of the current fiscal year. This
sequential improvement is the result of our past efforts to lower our
manufacturing costs to make us more price competitive and our efforts
to introduce new products into the market. We are now seeing the
results of these efforts through market share gains and expanding
sales of our newer products."

    American Technical Ceramics Corp. designs, develops, manufactures
and markets electronic components, including ceramic multilayer
capacitors and custom thin film circuits. The Company's products are
utilized in a broad range of commercial and military applications,
including wireless infrastructure, fiber optics, medical electronics,
semiconductor manufacturing equipment and satellite equipment.
    The Company invites you to participate in its upcoming quarterly
investors' conference call with management. The details are as
follows:


                        Friday, August 26, 2005
                        11:00 A.M. Eastern Time
                      TOLL FREE CALL IN NUMBERS:
             866-314-4865 and 617-213-8050 (International)
                           Passcode 23334744

    A replay of the call will be available for approximately one week
beginning shortly after the call ends. The numbers to call to hear the
replay are 888-286-8010 (USA) and 617-801-6888 (International). The
access code is 29170172.
    A live webcast of the call will begin at 11:00 a.m., Eastern Time,
on Friday, August 26, 2005. To access the webcast, go to the Company's
website, www.atceramics.com, and click on the webcast icon in the
Investor Relations section. This webcast will be available for two
weeks.

    "Safe Harbor" statement under the Private Securities Litigation
Reform Act of 1995:
    This release may contain forward-looking statements that are
subject to risks and uncertainties, including, but not limited to,
economic and political conditions, the impact of competitive products,
product demand and market acceptance risks, changes in product mix,
costs and availability of raw materials, fluctuations in operating
results, delays in development of highly-complex products, risks
associated with international sales and sales to the U.S. military,
risk of customer contract or sales order cancellation and other risks
detailed from time to time in American Technical Ceramics Corp.'s
filings with the Securities and Exchange Commission, including,
without limitation, those contained under the caption "Item 1.
BUSINESS - CAUTIONARY STATEMENTS REGARDING FORWARD - LOOKING
STATEMENTS" in the Company's Annual Report on Form 10-K. These risks
could cause the Company's actual results for future periods to differ
materially from those expressed in any forward-looking statements made
by, or on behalf of, the Company. Any forward-looking statements
represent the Company's expectations or forecasts only as of the date
they were made and should not be relied upon as representing its
expectations or forecasts as of any subsequent date. The Company
undertakes no obligation to correct or update any forward-looking
statement, whether as a result of new information, future events or
otherwise, even if its expectations or forecasts change.


          American Technical Ceramics Corp. and Subsidiaries
                 (in thousands, except per share data)

              Condensed Consolidated Balance Sheet Data
              -----------------------------------------
                                       June 30, 2005   June 30, 2004
                                     ---------------- ----------------
Cash and Investments                   $       6,950    $       7,042
Accounts Receivable                           10,008           10,563
Inventories                                   27,540           22,268
Current Assets                                48,147           43,515
Total Assets                                  77,558           69,853
Current Liabilities                            9,034            8,615
Total Liabilities                             17,484           15,026
Total Stockholders' Equity                    60,074           54,827



         Condensed Consolidated Statement of Operations Data
         ---------------------------------------------------
                                            Three Months Ended
                                     ---------------------------------
                                       June 30, 2005    June 30, 2004
                                     ----------------- ---------------
Net Sales                              $       20,817   $      19,009
Gross Profit                                    6,968           8,605
Operating Income                                2,118           3,555
Net Income                                      1,449           3,090
Earnings Per Share:
    Basic                              $         0.17   $        0.38
    Diluted                            $         0.16   $        0.36
Weighted Average Common Shares
 Outstanding:
    Basic                                       8,485           8,181
    Diluted                                     8,800           8,639



         Condensed Consolidated Statement of Operations Data
         ---------------------------------------------------
                                             Fiscal Year Ended
                                     ---------------------------------
                                      June 30, 2005    June 30, 2004
                                     ---------------- ----------------
Net Sales                              $      72,965    $      61,183
Gross Profit                                  24,597           20,437
Operating Income                               6,307            2,528
Net Income                                     4,195            2,176
Earnings Per Share:
    Basic                              $        0.50    $        0.27
    Diluted                            $        0.48    $        0.25
Weighted Average Common Shares
 Outstanding:
    Basic                                      8,402            8,132
    Diluted                                    8,738            8,583



    CONTACT: American Technical Ceramics Corp.
             Kathleen M. Kelly, 631-622-4710
             invest@atceramics.com
             or
             The Global Consulting Group
             Allan Jordan, 646-284-9400
             ajordan@hfgcg.com




The following information was filed by American Technical Ceramics Corp on Thursday, August 25, 2005 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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