AVX is a leading worldwide manufacturer and supplier of a broad line of passive electronic components and Interconnects.

AVX enjoys significant competitive advantages including the benefit of having research, manufacturing, and customer support facilities in 12 countries around the world. This assures customers of the most efficient balance of delivery and production capability in response to their just-in-time inventory requirements. With major research and development centers in five locations around the world, AVX has fostered customer relationships involving the design and technology for new and advanced products to fulfill their special end product requirements.

We serve a broad range of markets including: computer, telecommunications infrastructure, cellular, industrial, automotive, consumer, military and medical sectors. In automotive, we are contributing toward new technologies for safety, engine control, infotainment and chassis control. In medical, AVX Advanced Products are critical for implantable devices that regulate and stimulate the heart, bring sound to the hearing-impaired and sight to those with vision problems. AVX research and development has anticipated and adapted products that help fuel the explosive growth in communications technology.

AVX Corporation was founded in 1972 and is headquartered in Fountain Inn, US

AVX Corporation has offices in Fountain Inn, Detroit, Minneapolis, Greenville and in 1 other location

Fountain Inn, US (HQ)

1 Avx Blvd

AVX Corporation's revenue was reported to be $1.3 b in FY, 2017

USD

## Revenue (FY, 2017) | 1.3 b |

## Revenue growth (FY, 2016 - FY, 2017), % | 10% |

## Gross profit (FY, 2017) | 284.8 m |

## Gross profit margin (FY, 2017), % | 22% |

## Net income (FY, 2017) | 125.8 m |

## Market capitalization (18-Aug-2017) | 2.8 b |

## Cash (31-Mar-2017) | 578.6 m |

AVX Corporation's current market capitalization is $2.8 b.

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | FY, 2017^{} |
---|---|---|---|---|

## Revenue | 1.4 b | 1.4 b | 1.2 b | 1.3 b |

## Revenue growth, % | (6%) | (12%) | 10% | |

## Cost of goods sold | 1.2 b | 1 b | 906.5 m | 1 b |

## Gross profit | 278.8 m | 328.6 m | 289.1 m | 284.8 m |

## Gross profit Margin, % | 19% | 24% | 24% | 22% |

## General and administrative expense | 117.6 m | |||

## Operating expense total | 117.6 m | |||

## Interest expense | 2.4 m | 978 k | 513 k | |

## Interest income | 4.9 m | 4.6 m | 5 m | 7.4 m |

## Pre tax profit | 163.4 m | 218.6 m | 132.2 m | 174.9 m |

## Income tax expense | 36.3 m | (7.3 m) | 30.6 m | 49.2 m |

## Net Income | 127 m | 225.9 m | 101.5 m | 125.8 m |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 350.6 m | 365.4 m | 321.7 m | 300.5 m | 304.4 m | 287 m | 314.8 m | 327.5 m | 340.8 m |

## Cost of goods sold | 265.4 m | 277.6 m | 243 m | 223.3 m | 232.6 m | 221 m | 245 m | 265.7 m | 261.4 m |

## Gross profit | 85.2 m | 87.8 m | 78.7 m | 77.2 m | 71.8 m | 66 m | 69.9 m | 61.8 m | 79.4 m |

## Gross profit Margin, % | 24% | 24% | 24% | 26% | 24% | 23% | 22% | 19% | 23% |

## General and administrative expense | 29.6 m | 27.6 m | 28.3 m | 28.5 m | 27.9 m | 31.2 m | 31.5 m | 29 m | 28.5 m |

## Operating expense total | 29.6 m | 27.6 m | 28.3 m | 28.5 m | 27.9 m | 31.2 m | 31.5 m | 29 m | 28.5 m |

## Interest income | 1.1 m | 1.1 m | 1.1 m | 1.1 m | 1.2 m | 1.2 m | 1.7 m | 1.7 m | 2 m |

## Pre tax profit | 56.3 m | 60.7 m | 52.7 m | 50.2 m | 39.2 m | (592 k) | 39.9 m | 35.5 m | 52.3 m |

## Income tax expense | 15.5 m | 16.1 m | 13.8 m | 14.6 m | 11.4 m | (6 m) | 10 m | 9 m | 16.8 m |

## Net Income | 40.8 m | 85.4 m | 124.3 m | 35.6 m | 63.5 m | 68.9 m | 29.9 m | 56.4 m | 91.9 m |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | FY, 2017^{} |
---|---|---|---|---|

## Cash | 460.7 m | 381.6 m | 454.2 m | 578.6 m |

## Accounts Receivable | 170.3 m | |||

## Inventories | 550.5 m | 535.9 m | 484.3 m | 474.1 m |

## Current Assets | 1.8 b | 1.7 b | 1.7 b | 1.8 b |

## PP&E | 235.7 m | 199.8 m | 218 m | 240 m |

## Goodwill | 213.1 m | 213.1 m | 213.1 m | 213.1 m |

## Total Assets | 2.4 b | 2.5 b | 2.4 b | 2.5 b |

## Accounts Payable | 43.1 m | |||

## Current Liabilities | 161.9 m | 266.3 m | 180.3 m | 216.1 m |

## Non-Current Liabilities | 175.4 m | 60.7 m | 52.4 m | 44.9 m |

## Total Liabilities | 337.3 m | 327.1 m | 232.7 m | 260.9 m |

## Additional Paid-in Capital | 351.7 m | 353 m | 354.2 m | 357.2 m |

## Retained Earnings | 1.8 b | 1.9 b | 2 b | 2 b |

## Total Equity | 2 b | 2.1 b | 2.2 b | 2.2 b |

## Financial Leverage | 1.2 x | 1.2 x | 1.1 x | 1.1 x |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 333.2 m | 312.2 m | 330.6 m | 322.4 m | 366.4 m | 425.6 m | 483.3 m | 511.5 m | 480.9 m |

## Inventories | 542.7 m | 523.2 m | 535.9 m | 530.6 m | 506.7 m | 490.3 m | 484 m | 472.3 m | 463.3 m |

## Current Assets | 1.7 b | 1.7 b | 1.7 b | 1.7 b | 1.7 b | 1.7 b | 1.8 b | 1.8 b | 1.8 b |

## PP&E | 231.1 m | 216.1 m | 208.4 m | 201 m | 204.8 m | 210.1 m | 224.8 m | 225.8 m | 224.2 m |

## Goodwill | 213.1 m | 213.1 m | 213.1 m | 213.1 m | 213.1 m | 213.1 m | 213.1 m | 213.1 m | 213.1 m |

## Total Assets | 2.4 b | 2.4 b | 2.4 b | 2.3 b | 2.4 b | 2.4 b | 2.4 b | 2.4 b | 2.4 b |

## Current Liabilities | 169.2 m | 294.8 m | 272.2 m | 130 m | 142.6 m | 159.9 m | 185.7 m | 192.4 m | 213.5 m |

## Additional Paid-in Capital | 352.4 m | 352.6 m | 352.7 m | 353.6 m | 353.7 m | 353.9 m | 354.9 m | 355.5 m | 356.3 m |

## Retained Earnings | 1.8 b | 1.8 b | 1.9 b | 2 b | 2 b | 2 b | 2 b | 2 b | 2 b |

## Total Equity | 2.1 b | 2.1 b | 2.1 b | 2.2 b | 2.2 b | 2.1 b | 2.2 b | 2.2 b | 2.2 b |

## Financial Leverage | 1.2 x | 1.2 x | 1.2 x | 1.1 x | 1.1 x | 1.1 x | 1.1 x | 1.1 x | 1.1 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | FY, 2017^{} |
---|---|---|---|---|

## Net Income | 127 m | 225.9 m | 101.5 m | 125.8 m |

## Depreciation and Amortization | 50.2 m | 42.2 m | 39 m | 42.7 m |

## Accounts Receivable | (7.6 m) | 18.8 m | 20.6 m | (18.1 m) |

## Inventories | 9.8 m | (3 m) | 55.5 m | 6.8 m |

## Accounts Payable | (169.5 m) | 115.4 m | (77.5 m) | 33.4 m |

## Cash From Operating Activities | (70.6 m) | 197.6 m | 166.4 m | 195 m |

## Purchases of PP&E | (26.8 m) | (26.6 m) | (48.1 m) | (66.3 m) |

## Cash From Investing Activities | 110.1 m | (204.1 m) | (14.7 m) | (3.7 m) |

## Dividends Paid | (60.3 m) | (67.3 m) | (70.5 m) | (72 m) |

## Cash From Financing Activities | (66.1 m) | (68.3 m) | (79.9 m) | (65.9 m) |

## Income Taxes Paid | 1.2 m | 3.3 m | (591 k) | (39.3 m) |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 40.8 m | 85.4 m | 124.3 m | 35.6 m | 63.5 m | 68.9 m | 29.9 m | 56.4 m | 91.9 m |

## Depreciation and Amortization | 10.4 m | 21 m | 31.1 m | 10 m | 19.2 m | 28.6 m | 9.6 m | 19.6 m | 30.8 m |

## Accounts Receivable | 2.9 m | 6.2 m | 24.8 m | 16.6 m | 21.6 m | 36.3 m | (1.3 m) | (4.8 m) | (14.5 m) |

## Inventories | 6.8 m | 19.7 m | 2.3 m | 6.6 m | 31.3 m | 46.1 m | (352 k) | 12.5 m | 15 m |

## Accounts Payable | (1.5 m) | 108.3 m | 107.7 m | (137.7 m) | (122 m) | (100.6 m) | 3.2 m | 10.5 m | 33.5 m |

## Cash From Operating Activities | 77.6 m | 129.9 m | 164.4 m | (31 m) | 49.4 m | 102.7 m | 65.7 m | 104.3 m | 160.3 m |

## Purchases of PP&E | (6.7 m) | (12.4 m) | (19.1 m) | (6.9 m) | (18.9 m) | (33.8 m) | (13.8 m) | (28 m) | (45.6 m) |

## Cash From Investing Activities | (187.1 m) | (241.1 m) | (243.4 m) | (8.1 m) | (25.1 m) | 2.5 m | (18.4 m) | (8.8 m) | (79.5 m) |

## Dividends Paid | (16 m) | (31.9 m) | (49.6 m) | (17.6 m) | (35.3 m) | (52.9 m) | (17.6 m) | (35.2 m) | (53.6 m) |

## Cash From Financing Activities | (17.8 m) | (35.6 m) | (48.6 m) | (20.5 m) | (40.1 m) | (61.4 m) | (18.2 m) | (38.7 m) | (52.1 m) |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 128.7 k |

## Financial Leverage | 1.1 x |