Wow, record profits, quarterly dividend, 3-for-2 stock split, and the stock price is up 10% today, that new tech support policy is really helping NI's bottom line! : ) Wish I would have bought NATI in April 2002. Hey Greg, what color is your new Jag?
Alan Gleichman < NEWS STORY CLIP> National Instruments Reports All-Time Record Revenue for Quarter and Year Wednesday January 21, 4:00 pm ET Company Declares 3-for-2 Stock Split AUSTIN, Texas--(BUSINESS WIRE)--Jan. 21, 2004--National Instruments (Nasdaq:NATI - News) reported record fourth quarter revenue of $122 million, an increase of 14 percent compared to the fourth quarter of 2002 and a 16 percent sequential increase. This represents the highest quarterly revenue in NI history. Fully diluted earnings per share (EPS) for Q4 were 21 cents with a net income of $11.2 million up 13 percent from Q4 2002 and up 41 percent sequentially. In Q4 of 2003, NI took a $3.8 million charge to accrue for the expected legal costs of taking the company's most recent patent dispute to trial in early 2005. The after tax impact of this charge is equivalent to 5 cents per share. For 2003, revenue totaled $426 million, up 9 percent from $391 million in 2002, marking record annual revenue for National Instruments and the 26th year of growth in the company's 27-year history. The company also announced that the National Instruments Board of Directors declared a 3-for-2 stock split and a quarterly dividend of 5 cents per share on the company's common stock payable on Feb. 20, 2004, to holders of record on Feb. 5, 2004. All per-share data are presented prior to this split. "Given our strong profitability, we made a strategic decision to aggressively increase our investments in R&D during the economic downturn," said Dr. James Truchard, NI CEO. "This strategy clearly paid off in 2003 with the highest number of new products introduced in the history of the company, resulting in the highest revenue in any year in our history."
