Q1 2003 Financial Highlights Excluding reorganization costs, major-program costs & special items*
Gross margin – 5.42% of revenues*
- Exhibiting stability in a soft demand environment
Operating expenses – 4.56% of revenues*
- Year-over-year improvement of 24 bp
Operating income – 0.86% of revenues*
- Year-over-year improvement of 25 bp
Net income - $23.2 million or $0.15 per share*
- Year-over-year improvement of 72%
* Please refer to supporting bridge slides for reconciliation of GAAP to Non-GAAP financial measures.