Slide 1: First Quarter Fiscal 2014 Financial Results
First Quarter Fiscal 2014 April 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: First Quarter 2014 Results
design develop deliver advanced technology 3 First Quarter 2014 Results (In millions, except EPS) Mar. 31, 2014 Dec. 31, 2013 Mar. 31, 2013 Net Sales $639.3 $756.8 $542.4 Net Income – GAAP $19.1 $67.5 $11.5 Net Income – non - GAAP $19.2 $23.5 $11.9 Diluted EPS – GAAP $0.35 $1.24 $0.21 Diluted EPS –
Slide 4: First Quarter Industry Sector Update
design develop deliver advanced technology 4 First Quarter Industry Sector Update Sector Mar. 31, 2014 Dec. 31, 2013 Mar. 31, 2013 YoY Computers and Related Products for Business Enterprises 20% $131 32% $243 25% $138 (5%) Industrial Control Equipment 29% $185 26% $199 29% $155 19% Telecommunication
Slide 5: Financial Statement Highlights
design develop deliver advanced technology 5 Financial Statement Highlights Balance Sheet and Cash Flows (In millions) Mar. 31, 2014 Dec. 31, 2013 Mar. 31, 2013 Cash $394.2* $345.6 $416.9 Cash Flow from Operating Activities $60.7 ($0.9) $48.6 Acquisitions $0 $75.0 $0 Capital Expenditures $14.6 $8.6
Slide 6: Second Quarter 2014 Guidance
design develop deliver advanced technology 6 Second Quarter 2014 Guidance Guidance Net Sales (in millions) $665 – $700 Diluted EPS – non - GAAP $0.35 – $0.40 ▪ Outlook is for the second fiscal quarter ending June 30, 2014.
Slide 7: CEO and President Commentary
design develop deliver advanced technology 7 CEO and President Commentary
Slide 8: First Quarter 2014 New Business Wins
design develop deliver advanced technology 8 First Quarter 2014 New Business Wins Q1 2014 Number of New Business Wins by Segment ▪ Q1 2014: 38 new business bookings including 8 engineering projects ▪ E stimated annual revenue run rate between $135 million and $165 million Quarterly Estimated Annual
Slide 9: Benchmark Market Overview
design develop deliver advanced technology 9 Benchmark Market Overview Sector Mar. 31, 2014 Q2 - 14 Outlook (%) Computers and Related Products for Business Enterprises 20% $131 Up Low Single Digits Industrial Control Equipment 29% $185 Up +20% Telecommunication Equipment 27% $170 Up Mid Single Digit
Slide 10: Summary First Quarter 2014
design develop deliver advanced technology 10 ▪ First Quarter Results – Excellent Start to 2014 ▪ Continued Focus and Results in Margin Improvement ▪ Strategic Priorities: o Portfolio Management in Non - Traditional Industries o Operational Excellence o Customer Focus and New Bookings Summary First
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) March 31, December 31, March 31, 2014 2013 2013 $ 22,432 $ 60,275 $ 13,993 2,109 2,025 442 (1,571) (31,577) - $ 22,970 $ 30,723 $ 14,435 $