Microsemi Reports Fourth Quarter and Fiscal Year 2014 Results

Additional details reconciling the selected non-GAAP financial measure to the selected GAAP financial measure may be found in "Notes on Non-GAAP Financial Measures."

 

 

MICROSEMI CORPORATION

Summary of Schedule Reconciling Selected Non-GAAP Financial Measures

to Comparable GAAP Financial Measures

(unaudited, in millions, except for per share amounts)
















Quarter Ended September 28, 2014



GAAP


Non-GAAP Adjustments


Non-GAAP

Net sales


$

303.3



$



$

303.3


Gross profit


$

171.0



$



$

171.0


Operating income


$

33.4



$

39.4



$

72.8


Net income


$

32.8



$

28.6



$

61.4


Diluted earnings per share


$

0.34



$

0.30



$

0.64


Additional details reconciling the selected non-GAAP financial measure to the selected GAAP financial measure may be found in the "Schedule Reconciling Selected Non-GAAP Financial Measures to Comparable GAAP Financial Measures" and "Notes on Non-GAAP Financial Measures."

 

 

MICROSEMI CORPORATION

Consolidated Condensed Statement of Income

(unaudited, in millions, except per share amounts)






















Quarter Ended


Twelve Months Ended


Sep 28, 2014


Jun 29, 2014


Sep 29, 2013


Sep 28, 2014


Sep 29, 2013

Net sales

$

303.3



$

292.3



$

250.4



$

1,138.3



$

975.9


Cost of sales

132.3



138.7



107.6



526.8



418.7


Gross profit

$

171.0



$

153.6



$

142.8



$

611.5



$

557.2












Operating expenses










Selling, general and administrative

$

58.9



$

61.0



$

49.9



$

238.1



$

202.5


Research and development

50.6



48.0



43.2



192.0



170.6


Amortization of intangible assets

23.1



23.4



21.0



92.8



84.8


Restructuring charges

1.8



3.4



1.8



17.6



9.9


Facility consolidation charges

2.7



11.2





13.9




Acquisition costs

0.5



0.3





2.9




Total operating expenses

$

137.6



$

147.3



$

115.9



$

557.3



$

467.8












Operating income

$

33.4



$

6.3



$

26.9



$

54.2



$

89.4












Interest and other (expense), net

(6.5)



(7.1)



(6.7)



(30.3)



(33.3)


Income (loss) before income taxes

$

26.9



$

(0.8)



$

20.2



$

23.9



$

56.1


Provision (benefit) for income taxes

(5.9)



3.5



6.1



0.8



12.4


Net income (loss)

$

32.8



$

(4.3)



$

14.1



$

23.1



$

43.7












Earnings (loss) per share










Basic

$

0.35



$

(0.05)



$

0.16



$

0.25



$

0.49


Diluted

$

0.34



$

(0.05)



$

0.15



$

0.24



$

0.48












Weighted-average common shares outstanding










Basic

93.6



93.1



90.4



92.9



89.5


Diluted

95.6



93.1



92.8



94.5



91.3



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article
CST: Webinar November 9, 2017

Aldec

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Teklatech: Work smart, Not hard
More Editorial  
Jobs
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
Technical Support Engineer EU/Germany/UK for EDA Careers at N/A, United Kingdom
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
Upcoming Events
ARM TechCon 2017 at Santa Clara Convention Center Santa Clara CA - Oct 24 - 26, 2017
MIPI DevCon Bangalore 2017 at The Leela Palace Bengaluru India - Oct 27, 2017
The 2017 International Test Conference at Fort Worth Convention Center Fort Worth TX - Oct 31 - 2, 2017
MIPI DevCon Hsinchu City 2017 at Sheraton Hsinchu Hotel Taiwan - Oct 31, 2017
CST: Webinar series



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise