AVX Corporation CEO Discusses F1Q 2011 Results- Earnings Call Transcript

AVX Corporation ( AVX ) F1Q 2011 Earnings Call Transcript July 25, 2011 10:00 AM ET

Operator

Good morning my name is Jessica and I will be your conference operator today. At this time, I would like to welcome everyone to the first quarter earnings conference call. (Operating Instructions). Thank you.

John Gilbertson

Good morning. I’d like to thank you for attending the AVX conference call regarding the results for the first fiscal year quarter that ended in March. I’m John Gilbertson, and with me today is Kurt Cummings, AVX’s Chief Financial Officer and John Lawing, our Vice President in charge of Advanced Products Group.

First I’d like to thank our shareholders for all the support that you have given to us in the past year. We held our annual shareholders meeting here in Greenville last week, and we were delighted to discuss the company’s successful, operating activities and our vision for the future.

The June quarter was a good quarter, reflecting sales growths and solid operating performance. The sales in the quarter were $436.4 million. This was 4% higher that the previous quarter, and 10% higher than the same quarter a year ago.

The market we serve generally saw strong demand early in the quarter and more moderate demand as the quarter progressed. Our sales to the distribution chain of customers held up well, compared to the March quarter considering the uncertainty regarding the availability of a broad range of materials and components.

We saw some disruption to the order pattern associated with customers’ inability to procure other components for their production lines. This concern about supply disruptions appear to have eased as the quarter progressed.

Distribution inventories appear to remain in good shape, and their end customer sales seem to be holding up as we move in to the summer months. There appears to be anticipation of the easing of product from Japan will again improve orders as the quarter progresses.

But at this time inventories are being watched closely until a consistent supply of product and material is available.

This quarter distribution channel represented 42% of our overall shipments; up from 40% last quarter. We continue to work closely with both the global and regional distributors to help them manage their customers’ requirements.

In the market segment area, as mentioned previously, automotive electronics continues to challenge the passive and electrical mechanical industry. Activities in new car designs ranging from telematics to safety to electric cars are generating optimism for the future.

Atv Tire Pressure - News


AVX Corporation CEO Discusses F1Q 2011 Results- Earnings Call Transcript

That focus is on Transient product such as TransGuard that functions to protect sensitive electronics like airbags and tire pressure monitors, and film products that help drive the electrical train and ATV and EVs. In our interconnect solutions to



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Keeping Your Atv Tires In Good Shape | welcome to ucbalears.org

Keeping Your Atv Tires In Good Shape

No matter how good or experienced you are in riding an ATV, a flat tire is inevitable and may happen when you least expect it. You’ll never know when your tires go flat, so you have to be prepared at all times and guard against this possibility.

Flat tires are not an event unique to all terrain vehicles. But it’s easy to fix a flat tire on an ATV as it would on an ordinary vehicle. And as far as ATV concerns go, it may be the easiest.

Air leaks often come with flat ATV tires, and can be quite a concern. It’s good, though, that simple flats can be repaired while on the trails. However, severe flats should be removed and changed by a professional.

More often than not, a flat tire doesn’t necessarily mean the end of your ATV ride, which is usually a good thing. However, be aware that you still need to get it fixed to avoid future problems. Make sure your tools are complete when fixing an ATV tire. Keep these tools in a place where you can easily find them so you can fix your tires if needed.

A plug insertion tool, reamer, tire pumps, tire repair glue and tire plugs are all required for fixing ATV tires. The air gauge is also needed to check your tire pressure.

The first thing to do when you fix a flat is to check the holes. The second part of the process would be putting air in the tire. Look for object that stuck into the tire, such as nails, screws, glass, or other sharp objects.

Should you not be able to find anything, then rotate the tire and check for any cuts or the aforementioned air leaks. Try using this technique when inspecting potential damage – place water on the tires and this might expose the damage. Another thing you have to look out for is a broken seal or valve stem.

To ensure that the plug is held in properly, roughen the edges of your tire’s hole with the reamer – this, of course, after you know what caused the hole. You should then thread the plug by applying a little amount of glue to the plug. Then see if the plug will successfully be held in the hole.

Not all tire plugs would work in every situation, so exercise patience when repairing ATV tires – it can take some time to perfect your technique. However, regardless of hole size, you should always allow the glue to dry before continue riding your ATV. While you will still have to properly fix the tires once you’re back home, this process will at least help you make it back with you and your ATV in one piece.


Atv Tire Pressure - Bookshelf

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