(Financial Tables Follow)
Selected GAAP & Non-GAAP Financial Measures (unaudited, in millions, except for percentages and per share amounts) | ||||||||||||||||||||
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Quarter Ended |
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Nine Months Ended | ||||||||||||||||
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Jul 3,
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Apr 3,
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Jun 28,
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Jul 3,
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Jun 28,
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Net sales |
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$ |
431.4 |
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$ |
444.3 |
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$ |
317.1 |
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$ |
1,204.9 |
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$ |
916.8 |
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Selected GAAP Financial Measures |
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Gross profit |
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$ |
266.9 |
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$ |
200.6 |
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$ |
172.1 |
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$ |
655.3 |
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$ |
509.4 |
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Gross margin |
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61.9 |
% |
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45.1 |
% |
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54.3 |
% |
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54.4 |
% |
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55.6 |
% | |||||
Operating income (loss) |
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$ |
51.2 |
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$ |
(97.9) |
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$ |
25.2 |
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$ |
(10.1) |
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$ |
90.3 |
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Operating margin |
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11.9 |
% |
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(22.0) |
% |
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7.9 |
% |
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(0.8) |
% |
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9.8 |
% | |||||
Net income (loss) |
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$ |
115.2 |
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$ |
(212.0) |
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$ |
14.7 |
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$ |
(73.1) |
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$ |
59.2 |
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Diluted earnings (loss) per share |
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$ |
1.00 |
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$ |
(1.93) |
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$ |
0.15 |
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$ |
(0.69) |
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$ |
0.62 |
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Selected Non-GAAP Financial Measures |
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Gross profit |
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$ |
266.9 |
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$ |
270.8 |
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$ |
180.7 |
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$ |
725.5 |
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$ |
520.5 |
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Gross margin |
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61.9 |
% |
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61.0 |
% |
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57.0 |
% |
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60.2 |
% |
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56.8 |
% | |||||
Operating income |
|
$ |
122.7 |
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$ |
116.2 |
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$ |
78.8 |
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$ |
322.7 |
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$ |
228.7 |
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Operating margin |
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28.5 |
% |
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26.1 |
% |
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24.9 |
% |
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26.8 |
% |
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24.9 |
% | |||||
Net income |
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$ |
84.0 |
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$ |
74.7 |
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$ |
65.3 |
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$ |
227.9 |
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$ |
191.0 |
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Diluted earnings per share |
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$ |
0.73 |
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$ |
0.67 |
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$ |
0.68 |
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$ |
2.12 |
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$ |
2.01 |
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