Lgl Group, Inc. (the) · AMEX:LGL
Lgl Group, Inc. (the) — Q3 2011 Earnings Presentation
15 slides from Lgl Group, Inc. (the)'s earnings presentation, Nov 10, 2011
Slide 1: The LGL Group, Inc. Q3 2011 Earnings Report
The LGL Group, Inc. (AMEX: LGL) Q3 2011 Earnings Report November 10, 2011 — 10:00 a.m. ET
Slide 2: Safe Harbor Statement
Safe Harbor Statement This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results ma
Slide 3: Introduction
Introduction Business Highlights Financial Highlights Framework for Strategic Growth Question and Answer
Slide 4: Business Highlights
Business Highlights
Slide 5: Q3 2011 Business Highlights
Q3 2011 Business Highlights Sales and Revenues Weak book to bill ratio for Q3 2011 Telecom and MISA market segments showed weakness for new orders Macroeconomic factors have impacted the near-term outlook Order backlog at end of Q3 2011 of $9.1M Q3 2011 revenues were $9.6M, a 22.3% decrease compared
Slide 6: Q3 2011 Business Highlights
Q3 2011 Business Highlights Margins, Costs, Income and EPS Gross margin of 28.0% for Q3 2011, compared to 37.6% for Q3 2010; driven primarily by reduction in revenue, which eroded gross margin by spreading fixed infrastructure costs over a smaller revenue base Q3 2011 net income and pre-tax earnings
Slide 7: Outlook for Q4 2011 and Q1 2012
Outlook for Q4 2011 and Q1 2012 Market Dynamics Customer positions remain strong; healthy levels of new design activity Cautious outlook regarding near-term repeat orders Major OEM customers reporting mixed market conditions Major Electronic Manufacturing Services (“EMS”) companies reporting soft ma
Slide 8: Financial Highlights
Financial Highlights
Slide 9: Financial Highlights
Financial Highlights Quarterly Income Statement Trends $14.0 50.0% $125 $124 30.0% 10.0% 0% (10.0%) 42008 12009 22009 32009 42009 QI 2010 a22010 32010 a42010 Qi2011 Q22011 932011 mm Revenue Oe Goss Mazin @NRESITDA Margin * Q3 2011 extends trend to eight consecutive quarters of earnings * Decrease in
Slide 10: Financial Highlights
Financial Highlights Order Backlog 12,000 10,000 8,000 6,000 4,000 2,000 0 Q42008 Q12009 Q22009 Q32009 Q42009 Q12010 Q22010 032010 Q42010 Q12011 22011 032011 14,373 11,973 10,734 8,182 * Decrease in order backlog due to reduced order activity during Q3 2011 for the Telecom and MISA market segments,
Slide 11: Financial Highlights
Financial Highlights Capital Position as of September 30, 2011 Total Assets $ 33.9M Net Working Capital 19.2M Cash Adjusted Working Capital 9.6M Cash and Cash Equivalents 13.7M Total Debt 3.8M Shareholder’s Equity 25.7M Available Lines of Credit $ 2.4M * Working capital increased to $19.2M as compar
Slide 12: Reconciliation of GAAP net income to non-GAAP pre-tax earnings
12 Reconciliation of GAAP net income to non-GAAP pre-tax earnings (00's, except per share amounts) 93 2011 Net Income (GAAP) $ 91 Income tax benefit (provision) Pre-tax earnings (Non-GAAP) $ o1 Pre-tax earnings per share (Non-GAAP) $0.03 Weighted average shares outstanding 2,009,334 Computation of E
Slide 13: Strategic Growth Initiatives
Strategic Growth Initiatives
Slide 14: Laying the Foundation for Profitable Growth
Laying the Foundation for Profitable Growth Management is actively pursuing the Company’s framework for growth: 1. Organic investment into core business to leverage existing customer positions, add capacity and develop higher value product in three specific areas: 3G/4G/LTE Wireless Microwave Radio
Slide 15: Question and Answer
(BEdioD Visit us: www.lglgroup.com www.mtronpti.com Contact us: Greg Anderson, President and CEO (e-mail: ganderson@lglgroup.com) LaDuane Clifton, Chief Accounting Officer (e-mail: Iclifton@lglgroup.com) Voice: (407) 298-2000 15 Question and Answer