Microsemi Reports Second Quarter 2017 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 April 2, 2017



GAAP


Non-GAAP Adjustments


Non-GAAP

Net sales


$

442.9



$



$

442.9


Gross profit


$

284.1



$



$

284.1


Operating income


$

69.1



$

68.4



$

137.5


Net income


$

41.2



$

65.0



$

106.2


Diluted earnings per share


$

0.35



$

0.56



$

0.91


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 Statements of Income

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

























Quarter Ended


Six Months Ended



Apr 2,
2017


Jan 1,
2017


Apr 3,
2016


Apr 2,
2017


Apr 3,
2016

Net sales


$

442.9



$

435.5



$

444.3



$

878.4



$

773.5


Cost of sales


158.8



159.0



243.7



317.8



385.0


Gross profit


$

284.1



$

276.5



$

200.6



$

560.6



$

388.5













Operating expenses











Selling, general and administrative


$

75.4



$

89.8



$

91.4



$

165.2



$

154.7


Research and development


86.9



82.3



87.8



169.2



142.7


Amortization of intangible assets


46.5



45.5



45.3



92.1



70.7


Restructuring, severance and facilities charges


5.8



2.4



51.7



8.2



53.4


Acquisition and divestiture related costs


0.4



0.7



22.3



1.0



28.3


Total operating expenses


$

215.0



$

220.7



$

298.5



$

435.7



$

449.8













Operating income (loss)


$

69.1



$

55.8



$

(97.9)



$

124.9



$

(61.3)













Interest and other expense, net


(26.2)



(27.2)



(115.8)



(53.4)



(124.6)


Income (loss) before income taxes


$

42.9



$

28.6



$

(213.7)



$

71.5



$

(185.9)


Provision for (benefit from) income taxes


1.7



9.1



(1.7)



10.9



2.4


Net income (loss)


$

41.2



$

19.5



$

(212.0)



$

60.6



$

(188.3)













Earnings (loss) per share











Basic


$

0.36



$

0.17



$

(1.93)



$

0.53



$

(1.85)


Diluted


$

0.35



$

0.17



$

(1.93)



$

0.52



$

(1.85)













Weighted-average common shares outstanding











Basic


114.7



114.0



109.6



114.4



102.0


Diluted


117.0



116.3



109.6



116.6



102.0



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



Review Article Be the first to review this article


Featured Video
Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
2020 U.S. Mega Construction Projects & Carryover of Work into 2021.
Jobs
Architectural Project Designer for SERA Architects, Inc at Oakland, California
Architectural Project Manager for SERA Architects, Inc at Oakland, California
Senior Software Developer (Revit API) for Microdesk at Boston, Massachusetts
Construction Sales Executive for Microdesk at Los Angeles, California
Landscape Project Assist for SERA Architects, Inc at Oakland, California
AEC Technical Program Manager for Hexagon Safety & Infrastructure at Madison, Alabama
Upcoming Events
AIBD, Design & Build Winter Conference at United States - Mar 17 - 19, 2021
DCW - Digital Construction Week at Excel London United Kingdom - May 19 - 20, 2021
World Architecture Festival at United States - Jun 23 - 25, 2021
ICSD 2021 : 9th International Conference on Sustainable Development, 8 - 9 September Rome, Italy at Roma Eventi, Pontifical Gregorian University Piazza della Pilotta, 4 Rome Rome Italy - Sep 8 - 9, 2021
Kenesto: 30 day trial
CADalog.com - Countless CAD add-ons, plug-ins and more.



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise