INSILCO LOGO
Excellence in Electronics and Telecommunications Components
Exhibit 99(a)
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NEWS RELEASE FOR IMMEDIATE RELEASE
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INVESTORS: MICHAEL R. ELIA SR. VICE PRESIDENT & CFO (614) 791-3117
MEDIA: MELODYE DEMASTUS MELROSE CONSULTING (614) 771-0860
INSILCO ENDS YEAR WITH SOLID SALES AND EARNINGS GAIN
COMMENTS ON 2001 OUTLOOK
COLUMBUS, OHIO, JANUARY 17, 2000 -- INSILCO HOLDING CO. (OTC BULLETIN
BOARD: INSL) said today that it expects to record 12% pro forma sales growth in
the 2000 fourth quarter as compared to the same quarter last year, despite some
softening in demand from its telecom/computer original equipment manufacturing
customers, as well as customer inventory corrections. The Company expects to
report pro forma sales of $99.7 million and $423.2 million, respectively, for
its fourth quarter and full year ended December 31, 2000, compared to pro forma
sales of $89.1 and $322.0 million for the same periods in 1999. Pro forma sales,
which are subject to final year-end audit, are adjusted to give effect for all
acquisitions and divestitures completed before year-end 2000.
The Company said that it also expects to report strong fourth quarter
EBITDA growth, as a result of solid volume growth, an improving sales mix of
higher-margin products, and utilization of lower cost manufacturing techniques
and facilities. The Company expects to report fourth quarter pro forma EBITDA in
the range of $18.2 million to $18.6 million, compared to $14.7 million pro forma
EBITDA for the year earlier fourth quarter.
Audited financial results for the quarter and year-ended December 31,
2000 are currently scheduled to be released in mid-February, 2001.
CEO COMMENT
David A. Kauer, Insilco President and CEO, said, "Although we have
experienced some slowdown in demand from our markets in recent weeks, which we
believe is indicative of the overall economic slowdown, we are very pleased with
the robust demand this past year for our electronic components, and in
particular our data grade connectors and custom cable assemblies. While we are
somewhat cautious in our near term sales outlook for the next quarter, we do
expect demand for our products to strengthen as the year progresses. Equally
important, we will continue to take advantage of the low-cost manufacturing
capabilities that we have recently acquired, and continue to build our core
capabilities in supplying components to meet the burgeoning demand for optical
transmission and networking equipment, and rapid deployment of DSL.
Insilco Holding Co., through its wholly-owned subsidiary Insilco
Technologies, Inc., is a leading global manufacturer of cable assemblies, wire
harnesses, fiber optic assemblies and subassemblies, high-speed data
transmission connectors, power transformers and planar magnetic products, and
highly engineered, precision stamped metal components. Insilco maintains more
than one million square feet of manufacturing space and has 18 locations
throughout the United States, Canada, Mexico, Northern Ireland, Ireland and the
Dominican Republic serving the telecommunications, networking, computer,
electronics, automotive and medical markets. For more information visit our
sites at www.insilco.com or www.insilcotechnologies.com.
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THE STATEMENTS MADE IN THIS PRESS RELEASE WHICH ARE NOT HISTORICAL
FACTS MAY BE DEEMED FORWARD LOOKING STATEMENTS, AND, AS SUCH, ARE SUBJECT TO
CERTAIN RISKS AND UNCERTAINTIES, INCLUDING STATEMENTS WITH RESPECT TO: THE
COMPANY'S ABILITY TO DELIVER FUTURE GROWTH IN SALES AND EARNINGS. IT IS
IMPORTANT TO NOTE THAT RESULTS COULD DIFFER MATERIALLY FROM THOSE PROJECTED IN
SUCH FORWARD-LOOKING STATEMENTS. FACTORS WHICH COULD CAUSE RESULTS TO DIFFER
MATERIALLY INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING: DELAYS IN NEW PRODUCT
INTRODUCTIONS, LACK OF MARKET ACCEPTANCE FOR NEW PRODUCTS, CHANGES IN DEMAND FOR
THE COMPANY'S PRODUCTS, CHANGES IN MARKET TRENDS, GENERAL COMPETITIVE PRESSURES
FROM EXISTING AND NEW COMPETITORS, ADVERSE CHANGES IN OPERATING PERFORMANCE,
CHANGES IN INTEREST RATES, AND ADVERSE ECONOMIC CONDITIONS WHICH COULD AFFECT
THE AMOUNT OF CASH AVAILABLE FOR DEBT SERVICING AND CAPITAL INVESTMENTS. FURTHER
INFORMATION CONCERNING FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER
MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS ARE CONTAINED FROM TIME
TO TIME IN THE COMPANY'S SEC FILINGS, INCLUDING BUT NOT LIMITED TO THE COMPANY'S
REPORT ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1999 AND SUBSEQUENT REPORTS
ON FORM 10Q. COPIES OF THESE FILINGS MAY BE OBTAINED BY CONTACTING THE COMPANY
OR THE SEC.
Investor Relations Contact: Michael R. Elia, (614) 791-3117 or write to Insilco
Holding Co., Investor Relations, 425 Metro Place North, Box 7196, Dublin, OH
43017 or call Melodye Demastus, Melrose Consulting (614) 771-0860. You may also
visit our web site at http://www.insilco.com.
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