Fairchild reports strong orders

January 15, 2004 – Fairchild Semiconductor, South Portland, ME, reported a 4Q03 profit of $5.4 million on $369.2 million in revenue, including a $6 million charge related to R&D and the purchase of Raytheon’s non-military RF components business. That compares with earnings of $3.5 million on sales of $353.9 million in 4Q02.

Total backlog grew more than 40% sequentially, according to CEO Kirk Pond, with blended capacity utilization above 90% and maxed out for some product lines.

Company CFO Matt Towse told CNBC that the company has its strongest backlog in three years, and 90% of 1Q guided revenue is already on the books. Towse offered guidance for 1Q04 of 1%-4% revenue growth.


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.