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HARMAN Issues FY12 Guidance; Updates FY13 Guidance Range 

26-October-2011 
 

·   Harman Issues Guidance for FY12 sales of $4.2 - $4.4 billion and EPS range of $2.75 - $3.00 

·   Raises FY13 Guidance to $4.55 - $4.8 billion in sales and tightens EPS range to $3.75 - $4.00

 

Investor and Analyst Event Presentation Materials - download (PDF, 6MB)

 

Stamford, CT – HARMAN the leading global audio and infotainment group (NYSE: HAR), today provided guidance for the fiscal year ending June 30, 2012 and updated its prior guidance for the fiscal year ending June 30, 2013, which was first provided in April of 2010.  The Company noted that this guidance will be discussed today at its Analyst and Investor event in Nashville, TN, for which details are provided below. 

Dinesh C. Paliwal, President, Chairman, and Chief Executive Officer of Harman International, commented, “We are very pleased with the company’s strategic and operational progress. With our strong innovation pipeline, rapid growth in emerging markets and proven execution track record, we continue to gain market share and improve our profitability.”

 

 

CONSOLIDATED

Infotainment Division

Lifestyle Division

Professional Division

Fiscal Year 2012

 

 

 

 

   Revenues

$4.2 - $4.4 billion

$2.35 – $2.45 billion

$1.25 – $1.35 billion

$625 - $650 million

   Operating Profit

 

$160 - $175 million

$140 - $160 million

$90 - $110 million

   Earnings Per Share

$2.75 - $3.00

 

 

 

Fiscal Year 2013

 

 

 

 

   Revenues

$4.55 – 4.8 billion

$2.5 - $2.65 billion

$1.375 - $1.45 billion

$675 - $700 million

   Operating Profit

 

$185 - $205 million

$170 - $200 million

$115 - $130 million

   Earnings Per Share

$3.75 - $4.00

 

 

 

 

 

Analyst and Investor Event: Call-In Details

At approximately 11:00 am EDT, on October 26, 2011, Management will host a live audio-cast of its presentation and Q&A discussion with analysts and investors attending the event, as well as from analysts and investors who remotely dial-in via conference call.  Presentation materials will be posted on HARMAN’s website at www.harman.com at that time.

·         Live Audio: Those who wish to participate via the audio-cast scheduled at 11:00 am EDT should dial 1 (800) 685-7810 (U.S.) or +1 (303) 223-2691 (International) ten minutes before the call and reference HARMAN Access Code 21543496.

For technical assistance, call the toll-free Global Crossing Customer Care Line at 1 (800) 473-0602 (US) or +1 (303) 446-4604 (International).

·         Replay: For those who cannot attend the live audio-cast, a replay of the call will be available following its completion at approximately 1:15 pm EDT and will be available through December, 26, 2011 at 1:15 EDT.  To listen to the replay, dial (800) 633-8284 (U.S.) or +1 (402) 977-9140 (International), Access Code: 21543496.

 

General Information

HARMAN (www.harman.com) designs, manufactures and markets a wide range of audio and infotainment solutions for the automotive, consumer and professional markets — supported by 15 leading brands, including AKG, Harman Kardon, Infinity, JBL, Lexicon and Mark Levinson. The company is admired by audiophiles across multiple generations and supports leading professional entertainers and the venues where they perform. More than 25 million automobiles on the road today are equipped with HARMAN audio and infotainment systems. HARMAN has a workforce of about 12,500 people across the Americas, Europe and Asia, and reported net sales of $4.0 billion for twelve months ending September 30, 2011. The Company's shares are traded on the New York Stock Exchange under the symbol NYSE:HAR.

 

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