Summary
Microchip Technology Incorporated filed an 8-K on October 21, 2004, reporting its financial results for the second quarter of fiscal year 2005, which ended on September 30, 2004. The company announced record results for the quarter and a significant increase in its cash dividend, reflecting positive operational performance. The filing also detailed the company's use of non-GAAP financial measures to provide a clearer view of underlying operational performance, adjusted for items considered outside of core business operations. Investors should note the company's commitment to returning capital to shareholders through the increased dividend, alongside its focus on transparent financial reporting. The press release referenced in the filing, which contains the detailed financial results and dividend announcement, is a key document for understanding the company's current financial health and future outlook.
Key Highlights
- 1Announced record financial results for the second quarter of fiscal year 2005.
- 2Reported financial results for the quarter ended September 30, 2004.
- 3Announced a cash dividend of $0.052 per share on common stock.
- 4The cash dividend is payable on December 1, 2004, to stockholders of record on November 15, 2004.
- 5Included a 13% increase in the cash dividend compared to previous periods.
- 6Detailed the use of non-GAAP financial measures to supplement GAAP results for enhanced understanding of operational performance.
- 7The press release providing these details is attached as Exhibit 99.1.