First Quarter Earnings Released

October 31, 2002 [SolarAccess.com] Magnetek, which manufactures digital power supplies and systems used in distributed power generation, announced its results for the latest quarter ending September 30, 2002. Revenue for the quarter was US$42.8 million, compared to US$52.5 million and US$44.2 million in the first and fourth quarters of fiscal 2002, respectively. Gross profit amounted to US$9.8 million (22.8 percent of revenue) against US$11.8 million (22.6 percent of revenue) in the first quarter of fiscal 2002 and US$10.3 million (23.2 percent of revenue) in the fourth quarter of fiscal 2002.
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