Slide 1: Fourth Quarter and Full Year 2014 Financial Results
Fourth Quarter and Full Year 2014 February 3, 2015 Financial Results
Slide 2: Forward-Looking Statements
design develop deliver advanced technology 2 Forward - Looking Statements This document contains certain forward - looking statements within the scope of the Securities Act of 1933 and the Securities Exchange Act of 1934 . The words “expect,” “estimate,” “anticipate,” “predict ” and similar expressi
Slide 3: Fourth Quarter 2014 Results
design develop deliver advanced technology 3 Fourth Quarter 2014 Results (In millions, except EPS) Dec 31, 2014 Sep 30, 2014 Dec 31, 2013 Net Sales $709.5 $731.3 $756.8 Net Income – GAAP $24.0 $17.2 $67.5 Net Income – non - GAAP $23.2 $23.5 $23.5 Diluted EPS – GAAP $0.45 $0.32 $1.24 Diluted EPS – no
Slide 4: Fiscal Year 2014 Results
design develop deliver advanced technology 4 Fiscal Year 2014 Results (In millions, except EPS) Dec 31, 2014 Dec 31, 2013 Net Sales $2,797.1 $2,506.5 Net Income – GAAP $82.4 $111.2 Net Income – non - GAAP $89.3 $69.2 Diluted EPS – GAAP $1.52 $2.03 Diluted EPS – non - GAAP $1.65 $1.26 Operating Margi
Slide 5: Fourth Quarter Industry Sector Update
design develop deliver advanced technology 5 Fourth Quarter Industry Sector Update Revenue by Industry Sector Sector Dec 31, 2014 Sep 30, 2014 Dec 31, 2013 Q4 YoY Industrial Control Equipment 32% $230 30% $219 26% $199 16% Telecommunication Equipment 29% $202 32% $231 24% $183 11% Computers and Rela
Slide 6: Financial Statement Highlights: Balance Sheet and Cash Flows
design develop deliver advanced technology 6 Financial Statement Highlights Balance Sheet and Cash Flows (In millions) Dec 31, 2014 Sep 30, 2014 Dec 31, 2013 Cash $427.4* $420.2 $345.6 Cash Flows from Operating Activities $22.8 $28.2 ($0.9) Capital Expenditures $8.8 $6.3 $8.6 Depreciation & Amortiza
Slide 7: First Quarter 2015 Guidance
design develop deliver advanced technology 7 First Quarter 2015 Guidance Guidance Net Sales (in millions) $615 – $645 Diluted EPS – non - GAAP $0.30 – $0.34 ▪ Outlook is for the first quarter ending March 31, 2015.
Slide 8: President and CEO Commentary
design develop deliver advanced technology 8 President and CEO Commentary
Slide 9: Portfolio Trends
design develop deliver advanced technology 9 Portfolio Trends Traditional Revenue ▪ Continued demand variation in Traditional Markets ▪ Predominant growth of less variable Non - Traditional Markets Non - Traditional Revenue (Computing & Telecom) (Industrial, Medical & T&I) 3 - Year CAGR = 5% 3 - Yea
Slide 10: Fourth Quarter 2014 New Business Wins
design develop deliver advanced technology 10 Fourth Quarter 2014 New Business Wins Q4 2014 Number of New Business Wins by Segment ▪ Q4 2014: 46 new business bookings including 11 engineering projects ▪ E stimated annual revenue run rate between $120 - $160 million Quarterly Estimated Annual Revenue
Slide 11: Benchmark Market Overview
design develop deliver advanced technology 11 Benchmark Market Overview Non - Traditional Markets Dec 31, 2014 Q1 - 15 Outlook (%) 2015 Outlook Industrial Control Equipment 32% $230 Down Mid - Single Digits Growth Medical Devices 11% $81 Up Low - Single Digits Growth Testing and Instrumentation Prod
Slide 12: Summary Fourth Quarter 2014
design develop deliver advanced technology 12 ▪ Fourth Quarter Results – Strong and Consistent Performance in 2014 ▪ Strategic Priorities: o Portfolio Management o Operational Excellence o Customer Focus ▪ Continued Focus on Operating Margin Expansion Summary Fourth Quarter 2014
Slide 13: Appendix
design develop deliver advanced technology 13 Appendix
Slide 14: Reconciliation of GAAP to non-GAAP Financial Results
design develop deliver advanced technology 14 Reconciliation of GAAP to non - GAAP Financial Results (Amounts in Thousands, Except Per Share Data) – (UNAUDITED) Dec 31, Sep 30, Dec 31, 2014 2014 2013 2014 2013 $ 28,653 $ 21,915 $ 60,275 $ 100,144 $ 116,524 955 2,160 2,025 7,131 9,348 (1,547) - - (1,