SMART Modular Technologies Reports Fourth Quarter and Year 2010 Results

SMART Modular Technologies SMOD today reported financial results for the fourth quarter and fiscal year ended August 27, 2010. Fourth Quarter Fiscal 2010 Highlights: -- Net sales of $218.7 million -- Gross profit of $49.8 million -- GAAP diluted EPS of $0.26 -- Non-GAAP diluted EPS of $0.29 -- Adjusted EBITDA of $33.2 million Fiscal 2010 Highlights: -- Net sales of $703.1 million -- Gross profit of $166.1 million -- GAAP diluted EPS of $0.81 -- Non-GAAP diluted EPS of $0.87 -- Adjusted EBITDA of $106.4 million