MILTON, Ga., Feb. 7, 2011 (GLOBE NEWSWIRE) -- Exide Technologies (Nasdaq:XIDE) ( www.exide.com), a global leader in stored electrical energy solutions, announced today its fiscal 2011 third quarter financial results for the period ended December 31, 2010. Highlights of Fiscal 2011 Third Quarter and Year-to-Date Results:
- Net sales for the fiscal 2011 third quarter of $800.3 million compared to $746.5 million in the prior year quarter on estimated 4.5% higher unit volumes;
- Fiscal 2011 third quarter operating income was $49.7 million compared to operating income of $36.6 million in the fiscal 2010 third quarter;
- Net income in the current year period was $31.2 million or $0.38 per diluted share as compared to the prior year period net income of $9.8 million or $0.12 per diluted share; and
- Adjusted net income for the fiscal 2011 third quarter was $27.4 million or $0.33 per share as compared to adjusted net income of $18.2 million or $0.23 per share in the fiscal 2010 comparative period.