Key Developments: International Rectifier Corp (IRF)
21.81USD
18 Jun 2013
$0.43 (+2.01%)
$21.38
$21.46
$21.98
$21.42
314,688
515,554
$22.70
$14.32
Latest Key Developments (Source: Significant Developments)
International Rectifier Corp Issues Q4 2013 Revenue Guidance Above Analysts' Estimates
International Rectifier Corp announced that for the fourth quarter of 2013, it expects revenue in the range of $255 million to $265 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $252 million for the fourth quarter of 2013. Full Article
International Rectifier Corp Issues Q1 2013 Revenue Guidance In Line With Analysts' Estimates
International Rectifier Corp announced that for the third quarter of 2013, it currently expects revenue to range from $220 million to $235 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $230 million for the third quarter of 2013. Full Article
International Rectifier Corp Issues Q2 2013 Revenue Guidance Below Analysts' Estimates
International Rectifier announced that for second quarter of 2013, it expects revenue to range from $215-$230 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $246 million for second quarter of 2013. Full Article
International Rectifier Corp Enters Into $100 Million Senior Unsecured Credit Facility
International Rectifier Corp announced that it has entered into a four-year senior unsecured credit facility with a group of lenders led by Wells Fargo Bank, National Association, and also includes JP Morgan Chase Bank NA, HSBC Bank USA, National Association and Bank of the West. The facility enables the Company to borrow up to $100 million on a revolving basis at an interest rate of LIBOR plus 1.25% for working capital, acquisitions, stock repurchases and other general corporate purposes. There is a commitment fee payable of 0.25% annually on undrawn amounts in the facility. The credit facility contains customary affirmative, negative and financial covenants, and conditions. The Company intends to provide additional information regarding the credit facility in the Company’s future reports to be filed with the Securities and Exchange Commission. Full Article
International Rectifier Corp Q1 2013 Revenue Guidance Below Analysts' Estimates
International Rectifier announced that for first quarter of 2013, it expects revenue to range from $235-$250 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $274 million for first quarter of 2013. Full Article
International Rectifier Issues Q4 2012 Revenue Guidance In Line With Analysts
International Rectifier announced that for fourth quarter of 2012, it expects revenue to range from $255-$270 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $263 million for fiscal 2012. Full Article
International Rectifier Introduces AUIRGDC0250 1200V Soft Switching IGBT for Hybrid and Electric Vehicle Applications
International Rectifier announced the introduction of the AUIRGDC0250, an automotive-qualified IGBT optimized for soft switching applications such as Positive Temperature Coefficient (PTC) heater applications used in electric and hybrid vehicles. Available in a compact Super TO-220 package, the 1200V AUIRGDC0250 features low VCE(on) to reduce power dissipation and achieve higher power density, positive VCE(on) temperature coefficient making the device well suited for paralleling, and optimized square reverse bias safe operating area (RBSOA). The soft switching nature of the AUIRGDC0250 makes it ideal for helping adhere to system level EMI regulations. Full Article
International Rectifier Issues Q3 2012 Revenue Guidance In Line With Analysts' Estimates
International Rectifier announced that for the third quarter of 2012, it expects revenue to range from $230 million to $250 million. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $237 million for the third quarter of 2012. Full Article
International Rectifier Issues Q2 2012 Earnings Guidance Below Analysts' Estimates
International Rectifier announced that for the second quarter of 2012, it expects revenue will be between $229-$230 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $253 million for the second quarter of 2012. Full Article
International Rectifier Issues Q4 2011 Revenue Guidance Below Analysts' Estimates
International Rectifier announced that for fourth quarter of 2011, it expects revenue to a range from $240 million to $270 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $308 million for fourth quarter of 2011. Full Article
TEXT - Fitch affirms International Rectifier 'BB' rating
Feb 4 - Fitch Ratings has affirmed the 'BB' long-term Issuer Default Rating (IDR) for International Rectifier Corp. (IR) (NYSE: IRF) and assigned a 'BB' rating to the company's $100 million senior unsecured revolving credit (RCF) facility expiring 2016. The Rating Outlook is Stable. The company has no outstanding public debt. The ratings and Stable Outlook incorporate Fitch's expectations for revenues gradually strengthening through calendar 2013 from cyclical lows reached in calendar 2012.
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