Slide 1: Second Quarter Fiscal 2014 Financial Results
Second Quarter Fiscal 2014 July 24, 2014 Financial Results
Slide 2: Forward-Looking Statements
design develop deliver advanced technology 2 Forward - Looking Statements This document contains forward - looking statements within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities Exchange Act of 1934 , as amended . In addition, from time t
Slide 3: Second Quarter 2014 Results
design develop deliver advanced technology 3 Second Quarter 2014 Results (In millions, except EPS) June 30, 2014 Mar. 31, 2014 June 30, 2013 Net Sales $716.9 $639.3 $607.5 Net Income – GAAP $22.2 $19.1 $8.5 Net Income – non - GAAP $23.4 $19.2 $16.8 Diluted EPS – GAAP $0.41 $0.35 $0.16 Diluted EPS –
Slide 4: Second Quarter Industry Sector Update
design develop deliver advanced technology 4 Second Quarter Industry Sector Update Sector June 30, 2014 Mar. 31, 2014 June 30, 2013 YoY Computers and Related Products for Business Enterprises 21% $148 20% $131 29% $176 (16%) Industrial Control Equipment 29% $211 29% $185 29% $176 21% Telecommunicati
Slide 5: Financial Statement Highlights: Balance Sheet and Cash Flows
design develop deliver advanced technology 5 Financial Statement Highlights Balance Sheet and Cash Flows (In millions) June 30, 2014 Mar. 31, 2014 June 30, 2013 Cash $401.9* $394.2 $398.9 Cash Flow from Operating Activities $25.0 $60.7 $12.6 Capital Expenditures $15.7 $14.6 $6.4 Depreciation & Amort
Slide 6: Third Quarter 2014 Guidance
design develop deliver advanced technology 6 Third Quarter 2014 Guidance Guidance Net Sales (in millions) $670 – $700 Diluted EPS – non - GAAP $0.38 – $0.42 ▪ Outlook is for the third fiscal quarter ending September 30, 2014.
Slide 7: CEO and President Commentary
design develop deliver advanced technology 7 CEO and President Commentary
Slide 8: Second Quarter 2014 New Business Wins
design develop deliver advanced technology 8 Second Quarter 2014 New Business Wins Q2 2014 Number of New Business Wins by Segment ▪ Q2 2014: 39 new business bookings including 8 engineering projects ▪ E stimated annual revenue run rate between $120 million and $150 million Quarterly Estimated Annual
Slide 9: Benchmark Market Overview
design develop deliver advanced technology 9 Benchmark Market Overview Sector June 30, 2014 Q3 - 14 Outlook (%) Computers and Related Products for Business Enterprises 21% $148 Down Mid - Single Digits Industrial Control Equipment 29% $211 Up High - Single Digits Telecommunication Equipment 29% $205
Slide 10: Summary Second Quarter 2014
design develop deliver advanced technology 10 ▪ Second Quarter Results – Sustained Strong Performance in 2014 ▪ Continued Focus on Results in Operating Margin ▪ Strategic Priorities: o Portfolio Management o Operational Excellence o Customer Focus Summary Second Quarter 2014
Slide 11: Appendix
design develop deliver advanced technology 11 Appendix
Slide 12: Reconciliation of GAAP to non-GAAP Financial Results
design develop deliver advanced technology 12 Reconciliation of GAAP to non - GAAP Financial Results (Amounts in Thousands, Except Per Share Data) – (UNAUDITED)