AVX Q3 Sales Down; Income Up

AVX Corporation (NYSE: AVX) today reported preliminary unaudited results for the third quarter ended December 31, 2014. Chairman and Chief Executive Officer, John Gilbertson, stated, “The quarter was not as active as last year as revenue was impacted by conservative customer inventory management, a modest holiday season and currency movement. AVX’s operations continued to perform…

Kyocera Posts Q3 Sales Increase

Kyocera Corporation (NYSE:KYO)(TOKYO:6971) today announced its third-quarter financial results for the fiscal year ending March 31, 2015. The results are summarized below, both as an aggregation of Kyocera’s first three fiscal quarters (“the period,” i.e., the nine months ended Dec. 31, 2014), and as the third quarter alone (“the quarter,” i.e., the three months ended…

NKK Switches Appoints New Senior Sales Exec

Scottsdale, Ariz. – NKK Switches, the world’s leading designer and manufacturer of innovative electromechanical switching devices, today announced the appointment of Laurence Sweeney as the company’s Senior Sales Executive. As head of sales, Sweeney is responsible for NKK Switches’ sales organization, customer support and channel partnerships. He will also focus on developing and strengthening key customer…

RF Industries Names New CEO

San Diego, Calif. — RF INDUSTRIES, LTD. (NASDAQ:RFIL) announced today that its Board of Directors has promoted Johnny Carl Walker, President of RF Industries, to the additional position of Chief Executive Officer. The Company’s former CEO, Howard Hill, was appointed Chief Operating Officer. Mr. Hill said, “This change culminates the Company’s plan for my successor. Since joining the Company…

Arrow to Acquire Data Modul

Arrow Electronics, Inc. (NYSE:ARW), through its wholly-owned subsidiary inMunich, Germany (“Arrow CEHM”), is initiating an all-cash tender offer to acquire the shares of DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen (“Data Modul AG”) (FSE:DAM) for a purchase price of €27.50 per share ($31.00 per share based on current exchange rates). The purchase price…

3M Hits Record Revenue for 2014

3M (NYSE:MMM) today reported fourth-quarter earnings of$1.81 per share, an increase of 11.7 percent versus the fourth quarter of 2013. Sales grew 2.0 percent year-on-year to$7.7 billion. Organic local-currency sales grew 6.3 percent with acquisitions adding 0.1 percent to sales. Foreign currency translation reduced sales by 4.4 percent year-on-year. Operating income was $1.7 billion and…