EX-99.1 3 a04-2857_2ex99d1.htm EX-99.1

Exhibit 99.1

 

($ in millions, except per share values)

 

 

 

Fiscal year ended June 30, 2001

 

Fiscal year ended June 30, 2002

 

 

 

Pro forma
as
presented

 

Acquired in-
process
R&D

 

Amortization
of intangibles

 

Thin film
interconnect
manufacturing
division

 

As
reported
GAAP

 

Pro forma
as
presented

 

Restructuring
charges

 

Acquired in-
process R&D

 

Amortization
of
intangibles

 

Thin film
interconnect
manufacturing
division

 

As reported
GAAP

 

Revenue

 

$

181.4

 

 

 

 

 

$

51.2

 

$

232.6

 

$

187.1

 

 

 

 

 

 

 

$

15.0

 

$

202.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Profit

 

73.1

 

 

 

 

 

23.0

 

96.1

 

73.3

 

$

(0.2

)

 

 

 

 

0.6

 

73.8

 

% margin

 

40.3

%

 

 

 

 

 

 

41.3

%

39.3

%

 

 

 

 

 

 

 

 

36.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SG&A

 

34.8

 

 

 

$

2.2

 

6.4

 

43.4

 

34.9

 

2.9

 

 

 

$

1.4

 

10.2

 

49.4

 

% of sales

 

19.1

%

 

 

 

 

 

 

18.7

%

18.7

%

 

 

 

 

 

 

 

 

24.4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

R&D

 

15.0

 

 

 

 

 

3.8

 

18.8

 

21.0

 

 

 

 

 

 

 

2.2

 

23.1

 

% of sales

 

8.3

%

 

 

 

 

 

 

8.1

%

11.2

%

 

 

 

 

 

 

 

 

11.4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

23.4

 

$

(1.5

)

(2.2

)

12.8

 

32.4

 

17.4

 

(3.1

)

$

(1.1

)

(1.4

)

(11.7

)

0.2

 

% margin

 

12.9

%

 

 

 

 

 

 

13.9

%

9.4

%

 

 

 

 

 

 

 

 

0.1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS from continuing operations

 

$

0.28

 

 

 

 

 

 

 

$

0.37

 

$

0.19

 

 

 

 

 

 

 

 

 

$

0.01

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal year ended June 30, 2003

 

Quarter ended December 31, 2003

 

 

 

Pro forma
as
presented

 

Acquired in-
process
R&D

 

Amortization
of intangibles

 

Thin film
interconnect
manufacturing
division

 

As
reported
GAAP

 

Pro forma
as
presented

 

Restructuring
charges

 

Acquired in-
process R&D

 

Amortization
of
intangibles

 

Thin film
interconnect
manufacturing
division

 

As reported
GAAP

 

Revenue

 

$

282.0

 

 

 

 

 

$

9.7

 

$

291.8

 

$

103.6

 

 

 

 

 

 

 

$

2.1

 

$

105.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Profit

 

112.5

 

 

 

 

 

0.8

 

113.3

 

46.9

 

 

 

 

 

 

 

(0.1

)

46.8

 

% margin

 

39.9

%

 

 

 

 

 

 

38.8

%

45.2

%

 

 

 

 

 

 

 

 

44.2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SG&A

 

62.6

 

 

 

$

2.7

 

3.1

 

68.5

 

24.6

 

 

 

 

 

$

2.0

 

0.7

 

27.3

 

% of sales

 

22.2

%

 

 

 

 

 

 

23.5

%

23.8

%

 

 

 

 

 

 

 

 

25.9

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

R&D

 

29.5

 

 

 

 

 

1.6

 

31.1

 

11.8

 

 

 

 

 

 

 

0.4

 

12.1

 

% of sales

 

10.5

%

 

 

 

 

 

 

10.7

%

11.4

%

 

 

 

 

 

 

 

 

11.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

20.4

 

 

 

(2.7

)

(3.9

)

13.7

 

10.5

 

 

 

$

(1.1

)

(2.0

)

(10.3

)

(2.9

)

% margin

 

7.2

%

 

 

 

 

 

 

4.7

%

10.1

%

 

 

 

 

 

 

 

 

(2.8

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS from continuing operations

 

$

0.22

 

 

 

 

 

 

 

$

0.14

 

$

0.09

 

 

 

 

 

 

 

 

 

$

(0.04

)

 

Note: Due to rounding, some figures may not add.