October 27, 2011, Power-One company released third-quarter earnings report: Renewable energy business had sales of $ 174 million, compared to the second quarter, a decrease of 3%.
Overall, Power-One reported total sales of $ 245 million, an operating margin of 19%, net income was $ 41.4 million. Company expects fourth-quarter revenue would have 220 million to 250 million U.S. dollars.
CEO Richard Thompson said: "We have many customers have a Power-One company in the third quarter is getting better, because we in the fast growing solar market expansion services, such as India and other Asian countries."
Power-one company this quarter dc to ac converter shipments of 740 MW. As of the third quarter of 2011, shipments totaled 2.1 GW. And the first three quarters of 2010, an increase of 24%.
Prior to October 25, Power-One has released will be May 8, 2019 due 6% / 8% / 10% convertible notes redemption notice, requiring the November 23, 2011 to all this kind of note redemption.