BNET Industries

Technitrol Inc.

(TNL) is in the Technology Industry

Market Cap:$204.6M
Last Fiscal Year Sales:$1.0B
  • Public
  • US
Dow Jones Description

In February 2009, we announced our intention to explore monetization alternatives with respect to our Electrical segment, a producer of a full array of precious metal electrical contact products that range from materials used in the fabrication of electrical contacts to completed contact subassemblies. During the second quarter of 2009, we determined that Electrical met the qualifications of SFAS 144 to be reported as a discontinued operation in our Consolidated Statement of Operations for all periods presented. Also, all of Electrical's assets and liabilities are considered held for sale and reported as current on our June 26, 2009 Consolidated Balance Sheet. Whether in whole or in part, we expect a disposition to be completed in less than one year. In addition, on June 25, 2009, we divested Electronics' Medtech components business for approximately $201.4 million. These proceeds are subject to final working capital and financial indebtedness adjustments. Medtech was purchased with the Sonion acquisition, and produced certain components used in hearing aids, headsets and other medical devices. All open customer orders were transferred at the date of sale. We do not have any material continuing involvement with Medtech after June 25, 2009. As a result of reporting Electrical as a discontinued operation, we only have one reportable segment, our Electronic Components Group, which we refer to as Electronics and is known as Pulse in its markets. ...

Number of Employees 21,400
Contact Information

1210 Northbrook Dr Ste 470

Feasterville Trevose, Pennsylvania 19053-2520

technitrol.com

(215) 355-2900

NAICS Code Electronic Coil, Transformer, and Other Inductor Manufacturing: 334416

Recent Events

  • Technitrol Inc. Has Fallen To Over A 3-Month Low

    11/03/09 - Financial Announcement - View Story

  • Yesterday's Strong Gains May Make Traders Cautious

    9/29/09 - Board Member - Leaving - View Story

  • Technitrol CEO Papada to retire

    9/29/09 - Mgmt. Change Leaving - CEO - View Story

  • MEMS market sees unit growth despite pricing pressure

    9/24/09 - Merger / Acquisition - View Story

  • Technitrol posts $4.9 million loss

    8/04/09 - Financial Announcement - View Story

News & Analysis

technitrol inc. - All News and Analysis

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     TNL $4.97 -0.07 (-1.39% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 356,123
Shares Outstanding 41.17M
Market Cap 204.6M
Year High 10.47
Year Low 0.95
Earnings Per Share -9.05
P/E Ratio -0.55
Dividend 0.10
Yield 2.01
IndustryTop Rated

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