8-KEarnings & ResultsOther EventsExhibits & Filings

MICROCHIP TECHNOLOGY INC 8-K Report, Financial Results (Oct 21, 2004)

Filed October 21, 2004For Securities:MCHPMCHPP

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.

Frequently Asked Questions

On October 21, 2004, Microchip Technology announced record financial results for its second quarter of fiscal year 2005, which ended on September 30, 2004. Specific figures would be found in the referenced press release (Exhibit 99.1).

The company announced a cash dividend of $0.052 per share on its common stock. This dividend is scheduled to be paid on December 1, 2004, to shareholders who were on record as of November 15, 2004. This represents a 13% increase in the cash dividend.

Microchip Technology uses non-GAAP financial measures to provide investors with a more complete understanding of its past financial performance and future prospects. These measures are adjusted to exclude certain costs, expenses, gains, and losses that management considers outside of its core operational results, aiming to offer a clearer view of underlying operational trends and performance.

The detailed financial results for the second quarter of fiscal year 2005 and the announcement of the increased cash dividend are provided in the press release attached as Exhibit 99.1 to this Form 8-K filing.