Microsemi Reports First Quarter 2018 Results

Additional details reconciling the selected non-GAAP financial measure to the selected GAAP financial measure may be found in "Notes on Non-GAAP Financial Measures."

Summary of Schedule Reconciling Selected Non-GAAP Financial Measures

(unaudited, in millions, except for per share amounts)
















Quarter Ended December 31, 2017



GAAP


Non-GAAP
Adjustments


Non-GAAP

Net sales


$

468.7



$



$

468.7


Gross profit


$

288.7



$

7.6



$

296.3


Operating income


$

59.5



$

91.3



$

150.8


Net income


$

47.9



$

72.2



$

120.1


Diluted earnings per share


$

0.40



$

0.61



$

1.01


Additional details reconciling the selected non-GAAP financial measure to the selected GAAP financial measure may be found in the "Schedule Reconciling Selected Non-GAAP Financial Measures" and "Notes on Non-GAAP Financial Measures."

Consolidated Condensed Statements of Income

(unaudited, in millions, except for per share amounts)

















Quarter Ended




Dec 31,
2017


Oct 1,
2017


Jan 1,
2017


Net sales


$

468.7



$

475.3



$

435.5



Cost of sales


180.0



171.2



159.0



Gross profit


$

288.7



$

304.1



$

276.5











Operating expenses








Selling, general and administrative


$

83.0



$

87.3



$

89.8



Research and development


89.0



87.3



82.3



Amortization of intangible assets


50.3



50.1



45.5



Restructuring, severance and facilities charges


5.5



4.0



2.4



Acquisition and divestiture related costs


1.4





0.7



  Total operating expenses


$

229.2



$

228.7



$

220.7











Operating income


$

59.5



$

75.4



$

55.8











Interest and other expense, net


(25.2)



(22.1)



(27.2)



Income before income taxes


$

34.3



$

53.3



$

28.6



Provision for (benefit from) income taxes


(13.6)



(48.7)



9.1



Net income


$

47.9



$

102.0



$

19.5











Earnings per share








Basic


$

0.41



$

0.88



$

0.17



Diluted


$

0.40



$

0.87



$

0.17











Weighted-average common shares outstanding








Basic


116.9



115.3



114.0



Diluted


118.9



117.7



116.3




« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »
Featured Video
Jobs
GPU Design Verification Engineer for AMD at Santa Clara, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Upcoming Events
SEMICON Japan 2024 at Tokyo Big Sight Tokyo Japan - Dec 11 - 13, 2024
PDF Solutions AI Executive Conference at St. Regis Hotel San Francisco - Dec 12, 2024
DVCon U.S. 2025 at United States - Feb 24 - 27, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise