Microsemi Reports First Quarter 2015 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."

 

Summary of Schedule Reconciling Selected Non-GAAP Financial Measures
(unaudited, in millions, except for per share amounts)
















Quarter Ended December 28, 2014



GAAP


Non-GAAP Adjustments


Non-GAAP

Net sales


$

303.6



$



$

303.6


Gross profit


$

168.1



$

2.4



$

170.5


Operating income


$

29.7



$

44.5



$

74.2


Net income


$

19.7



$

42.2



$

61.9


Diluted earnings per share


$

0.21



$

0.44



$

0.65


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" and "Notes on Non-GAAP Financial Measures."

 

Consolidated Condensed Statement of Income
(unaudited, in millions, except for per share amounts)
















Quarter Ended



Dec 28,
2014


Sep 28,
2014


Dec 29,
2013

Net sales


$

303.6



$

303.3



$

255.6


Cost of sales


135.5



132.3



117.3


Gross profit


$

168.1



$

171.0



$

138.3









Operating expenses







Selling, general and administrative


$

60.0



$

58.9



$

55.6


Research and development


47.6



50.6



44.1


Amortization of intangible assets


23.6



23.1



22.0


Restructuring charges


3.6



1.8



7.7


Facility consolidation charges


3.5



2.7




Acquisition costs


0.1



0.5



1.7


  Total operating expenses


$

138.4



$

137.6



$

131.1









Operating income


$

29.7



$

33.4



$

7.2









Interest and other (expense), net


(6.6)



(6.5)



(7.9)


Income (loss) before income taxes


$

23.1



$

26.9



$

(0.7)


Provision (benefit) for income taxes


3.4



(5.9)



(2.1)


Net income


$

19.7



$

32.8



$

1.4









Earnings per share







Basic


$

0.21



$

0.35



$

0.01


Diluted


$

0.21



$

0.34



$

0.01









Weighted-average common shares outstanding







Basic


93.9



93.6



92.1


Diluted


95.1



95.6



93.5



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



Review Article Be the first to review this article
CST: Webinar

Aldec Simulator Evaluate Now

Featured Video
Jobs
ASIC Hardware Engineer for BAE Systems Intelligence & Security at Arlington, VA
Senior PIC Test Development Engineer for Infinera Corp at Sunnyvale, CA
DSP Tools Engineer for Cirrus Logic, Inc. at Austin, TX
Senior Formal FAE Location OPEN for EDA Careers at San Jose or Anywhere, CA
RF IC Design Engineering Manager for Intel at Santa Clara, CA
Upcoming Events
Essentials of Electronic Technology: A Crash Course at Columbia MD - Jan 16 - 18, 2018
Essentials of Digital Technology at MD - Feb 13 - 14, 2018
IPC APEX EXPO 2018 at San Diego Convention Center San Diego CA - Feb 24 - 1, 2018
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