Slide 1: Third Quarter 2014 Financial Results
Third Quarter 2014 October 23, 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 and Section 21 E of the Securities Exchange Act of 1934 , as amended . In addition, from time to time, Benchm
Slide 3: Third Quarter 2014 Results
design develop deliver advanced technology 3 Third Quarter 2014 Results (In millions, except EPS) Sep 30, 2014 Jun 30, 2014 Sep 30, 2013 Net Sales $731.2 $716.9 $599.7 Net Income – GAAP $17.2 $22.2 $23.7 Net Income – non - GAAP $23.5 $23.4 $16.9 Diluted EPS – GAAP $0.32 $0.41 $0.43 Diluted EPS – non
Slide 4: Third Quarter Industry Sector Update
design develop deliver advanced technology 4 Third Quarter Industry Sector Update Sector Sep 30, 2014 Jun 30, 2014 Sep 30, 2013 YoY Computers and Related Products for Business Enterprises 21% $155 21% $148 30% $181 (14%) Industrial Control Equipment 30% $219 29% $211 31% $182 20% Telecommunication E
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) Sep 30, 2014 Jun 30, 2014 Sep 30, 2013 Cash $420.2* $401.9 $426.6 Cash Flows from Operating Activities $28.2 $25.0 $38.7 Capital Expenditures $6.3 $15.7 $6.8 Depreciation & Amortiza
Slide 6: Fourth Quarter 2014 Guidance
design develop deliver advanced technology 6 Fourth Quarter 2014 Guidance Guidance Net Sales (in millions) $710 – $740 Diluted EPS – non - GAAP $0.41 – $0.45 ▪ Outlook is for the fourth quarter ending December 31, 2014.
Slide 7: President and CEO Commentary
design develop deliver advanced technology 7 President and CEO Commentary
Slide 8: Third Quarter 2014 New Business Wins
design develop deliver advanced technology 8 Third Quarter 2014 New Business Wins Q3 2014 Number of New Business Wins by Segment ▪ Q3 2014: 51 new business bookings including 16 engineering projects ▪ E stimated annual revenue run rate between $140 - $160 million Quarterly Estimated Annual Revenue R
Slide 9: Benchmark Market Overview
design develop deliver advanced technology 9 Benchmark Market Overview Sector Sep 30, 2014 Q4 - 14 Outlook (%) Computers and Related Products for Business Enterprises 21% $155 Flat – Stable Demand Industrial Control Equipment 30% $219 Up Low - Single Digits Telecommunication Equipment 32% $231 High
Slide 10: Summary Third Quarter 2014
design develop deliver advanced technology 10 ▪ Third Quarter Results – Sustained Strong and Consistent Performance in 2014 ▪ Strategic Priorities: o Portfolio Management o Operational Excellence o Customer Focus ▪ Continued Focus on Operating Margin Expansion Summary Third 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)