WEB NEWS Comments & Business Outlook
James J. Peterson, President and Chief Executive Officer, stated, "We are pleased with the results of our third quarter. Our net sales increased from last quarter and, coupled with our enhanced factory utilization, improved operational efficiencies and focus on spending controls, allowed us to show meaningful improvement in our gross, operating and net margin metrics. These improvements were reflected in a meaningful increase to operating cash flow , which reached $29.0 million , giving us increased leverage for continued strategic initiatives."
4th Quarter 2009 Guidance Ending September a
4th Quarter 2009 Guidance 4th Quarter 2008 Reported Period Change
GAAP Revenue
$108.1 to 111.3 million
$134.7 million
19.7%o 17.4%
Non-GAAP EPS b
$0.22 to $0.23
$0.36
38.9% to 36.1%
Source:
See Release , or July 23, 2009
a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement. b Non-GAAP EPS figures generally exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam ® non-GAAP figures may, from time to time, differ from company supplied figures.
Comments & Business Outlook
James J. Peterson, President and Chief Executive Officer, stated, "Our second quarter was challenging . This was especially evident in our commercially targeted markets which have been impacted by the macroeconomic environment. However, our cost cutting and spending controls have positioned us to more effectively influence profitability, where we will see improvement in our gross, operating and net margin metrics. These improvements were again reflected in our operating cash flow with another strong increase of $24.0 million, giving us increased leverage for continued strategic initiatives."
3rd Quarter 2009 Guidance Ending September a
3rd Quarter 2009 Guidance 3rd Quarter 2008 Reported Period Change
GAAP Revenue
$102.6 to 108.9 million
$129.3 Million
-20.6% to -15.8%
Non-GAAP EPS b
$0.19 to $0.21
$0.34
-44.1% to -38.2%
Source:
See Release , April 23, 2009
a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement. b Non-GAAP EPS figures generally exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam ® non-GAAP figures may, from time to time, differ from company supplied figures.
Comments & Business Outlook
Guidance Report:
Microsemi expects that for the second quarter of fiscal year 2009 , our sales will decline within a range of 16 to 20 percent , sequentially. On a non-GAAP basis, we expect earnings for the second quarter of fiscal year 2009 to be $0.15 to $0.20 per diluted share.
Source: GlobeNewswire (January 22, 2009 )
