Slide 1: Third Quarter Fiscal 2013 Financial Results
Third Quarter Fiscal 2013 October 24, 2013 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: Third Quarter 2013 Results
design develop deliver advanced technology 3 Third Quarter 2013 Results (In millions, except EPS) Sept. 30, 2013 June 30, 2013 Sept. 30, 2012 Net Sales $599.7 $607.5 $610.8 Net Income $23.7 $8.5 $19.3 Net Income – non - GAAP $16.9 $16.8 $17.5 Diluted EPS $0.43 $0.16 $0.34 Diluted EPS – non - GAAP $0
Slide 4: Third Quarter Industry Sector Update
design develop deliver advanced technology 4 Third Quarter Industry Sector Update Sector Sept. 30, 2013 June 30, 2013 Sept. 30, 2012 Computers and Related Products for Business Enterprises 30% 29% 30% Industrial Control Equipment 31% 30% 27% Telecommunication Equipment 20% 23% 28% Medical Devices 12
Slide 5: Third Quarter Financial Statement Commentary
design develop deliver advanced technology 5 ▪ Non - Recurring Items ▪ CTS Acquisition ▪ Thailand Flood Update Discussion Items Third Quarter Financial Statement Commentary
Slide 6: Financial Statement Highlights: Income Statement
design develop deliver advanced technology 6 Financial Statement Highlights Income Statement Sept. 30, 2013 June 30, 2013 Sept. 30, 2012 Net Sales $599.7 $607.5 $610.8 Operating Margin – non - GAAP 3.5% 3.5% 3.7% Net Income – GAAP $23.7 $8.5 $19.3 Net Income – non - GAAP $16.9 $16.8 $17.5 Diluted EP
Slide 7: Financial Statement Highlights: Balance Sheet and Cash Flows
design develop deliver advanced technology 7 Financial Statement Highlights Balance Sheet and Cash Flows Sept. 30, 2013 Dec. 31, 2012 Sept. 30, 2012 Cash and Long - term Investments $437.2* $394.9 $339.8 Cash Flow from Operating Activities $38.7 $80.9 $52.7 Capital Expenditures $6.8 $13.5 $14.6 Depr
Slide 8: Third Quarter 2013 New Business Wins
design develop deliver advanced technology 8 Third Quarter 2013 New Business Wins Q3 2013 Number of New Business Wins by Segment ▪ Q3 2013: 29 new business bookings including 7 engineering projects ▪ E stimated annual revenue run rate between $145 million and $170 million Quarterly Estimated Annual
Slide 9: Fourth Quarter 2013 Guidance
design develop deliver advanced technology 9 Fourth Quarter 2013 Guidance Guidance Net Sales (in millions) $685 – $715 Diluted EPS – non - GAAP $0.34 – $0.38
Slide 10: Overall Market Updates
design develop deliver advanced technology 10 Overall Market Updates ▪ Computing Growth ▪ Industrial Stable Demand ▪ Telecommunications Growth ▪ Medical Improving Demand ▪ Test & Instrumentation Modest Improvements Reporting Sector Outlook
Slide 11: Summary Third Quarter 2013
design develop deliver advanced technology 11 ▪ Solid Q3 Results ▪ Focus on Growth ▪ New Program Execution o Acquisition Integration o Productivity Management o New Bookings and Program Ramps Summary Third Quarter 2013
Slide 12: Appendix
design develop deliver advanced technology 12 Appendix
Slide 13: Reconciliation of GAAP to non-GAAP Financial Results
design develop deliver advanced technology 13 Reconciliation of GAAP to non - GAAP Financial Results (Amounts in Thousands, Except Per Share Data) – (UNAUDITED) 2013 2012 2013 2012 Income from operations (GAAP) $ 29,473 $ 24,882 $ 56,249 $ 50,975 1,214 523 7,323 773 - - 2,606 - (9,748) (3,078) (9,74