The U.S. Environmental Protection Agency (EPA) shared the Final Draft of the Version 1.0 Specification for ENERGY STAR Smart Home Energy Management Systems (SHEMS). The intent of this program is to recognize smart home system packages that save energy while delivering both cost savings and convenience.
Power Integrations today announced financial results for the quarter ended September 30, 2019. Net revenues for the third quarter were $114.2 million, an increase of 11 percent from the prior quarter and four percent from the third quarter of 2018. Net income was $17.1 million or $0.57 per diluted share, compared to $0.37 per diluted share in the prior quarter and $0.59 per diluted share in the third quarter of 2018. Cash flow from operations was $21.8 million for the quarter.
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Power Integrations will release its third-quarter financial results after market hours on Thursday, October 24, 2019. The company will conduct a conference call that day beginning at 1:30 p.m. Pacific time. Members of the investment community can join the call by dialing 1-647-689-4187. Live and archived audio webcast of the conference call will be available on the company’s website at http://investors.power.com