EX-99.1
2
a5140928ex99_1.txt
EXHIBIT 99.1

                                                                    Exhibit 99.1

  American Technical Ceramics Corp. Announces Third Quarter Financial Results

     HUNTINGTON STATION, N.Y.--(BUSINESS WIRE)--May 4, 2006--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 third fiscal quarter and the nine months ended March 31, 2006.
     Net sales for the quarter ended March 31, 2006 increased 19% to $22,690,000
from $18,991,000 in the comparable quarter in fiscal year 2005. Net income
amounted to $2,089,000, representing diluted earnings per common share of $0.23,
compared with net income of $1,380,000, representing diluted earnings per common
share of $0.16, for the comparable quarter ended March 31, 2005.
     Net sales for the nine months ended March 31, 2006 increased 15% to
$59,870,000 from $52,148,000 in the comparable period in fiscal year 2005. Net
income amounted to $3,327,000, representing diluted earnings per common share of
$0.38, compared with net income of $2,746,000, representing diluted earnings per
common share of $0.32, for the comparable period ended March 31, 2005.
     Management stated that the increase in net sales for the three and nine
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 wireless infrastructure,
semiconductor equipment and military markets.
     Net income increased for the three and nine months ended March 31, 2006
compared to the comparable periods of the prior fiscal year primarily due to the
increased sales revenues.
     Bookings for the three months ended March 31, 2006 were approximately $24.6
million, a substantial increase over the levels achieved in both the comparable
quarter of the prior fiscal year and the sequential quarter of the current
fiscal year. These increases are primarily due to the strong demand from
customers in the semiconductor equipment and wireless infrastructure markets.
     Victor Insetta, President and Chief Executive Officer of the Company,
stated, "We are very pleased with the results this quarter. Our operations are
at near record levels, and both the bookings and net sales we achieved were the
second highest quarterly totals in the history of the Company. We are now
enjoying the benefits of the capacity we added during the last downturn and are
well-positioned to serve the strong demand we are seeing in our industry. Our
outlook for fiscal 2006 remains positive as we expect demand from our customers
to continue to be strong in the coming months."

     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, May 5, 2006
                        11:00 A.M. Eastern Time
                      TOLL FREE CALL IN NUMBERS:
        (866) 578-5747 (USA) and (617) 213-8054 (International)
                           Passcode 62586054


     A replay of the call will be available for approximately two weeks
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
35716033.
     A live webcast of the call will begin at 11:00 a.m., Eastern Time, on
Friday, May 5, 2006. 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
            ----------------------------------------------

                                               March 31,      June 30,
                                                 2006           2005
                                             (unaudited)
                                            ---------------  ---------
Cash and Investments                            $11,381       $ 6,950
Accounts Receivable                              11,069        10,008
Inventories                                      28,189        27,540
Current Assets                                   54,963        48,173
Total Assets                                     87,387        77,872
Current Liabilities                              11,528         9,141
Total Liabilities                                22,658        17,725
Total Stockholders' Equity                       64,729        60,147


          Condensed Consolidated Statement of Operations Data
         -----------------------------------------------------

                                                 Three Months Ended
                                                    (unaudited)
                                              ------------------------
                                               March 31,     March 31,
                                                 2006          2005
                                              ----------   -----------
Net Sales                                       $22,690       $18,991
Gross Profit                                      8,570         6,667
Operating Income                                  3,537         2,083
Net Income                                        2,089         1,380
Earnings Per Common Share:
    Basic                                       $  0.24       $  0.16
    Diluted                                     $  0.23       $  0.16
Weighted Average Common Shares Outstanding:
    Basic                                         8,583         8,470
    Diluted                                       8,918         8,775

          Condensed Consolidated Statement of Operations Data
         -----------------------------------------------------

                                                  Nine Months Ended
                                                     (unaudited)
                                               -----------------------
                                               March 31,     March 31,
                                                  2006         2005
                                               ---------   -----------
Net Sales                                       $59,870       $52,148
Gross Profit                                     20,410        17,629
Operating Income                                  5,643         4,189
Net Income                                        3,327         2,746
Earnings Per Common Share:
    Basic                                       $  0.39       $  0.33
    Diluted                                     $  0.38       $  0.32
Weighted Average Common Shares Outstanding:
    Basic                                         8,545         8,374
    Diluted                                       8,861         8,717


     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, May 4, 2006 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 American Technical Ceramics Corp'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 American Technical Ceramics Corp.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

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

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

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

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

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

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

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

Continue

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
Last10K.com Member Feature

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

Continue

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
Last10K.com 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)
Last10K.com 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

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com 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

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

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

Continue

Log in with your credentials

or    

Forgot your details?

Create Account