This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Harman International Industries' CEO Presents At JPMorgan 2012 Auto Conference (Transcript)

Harman International Industries Inc. (HAR)

JPMorgan 2012 Auto Conference Call

August 14, 2012 10:00 am ET

Executives

Dinesh C. Paliwal – Chairman, President and Chief Executive Officer

Herbert K. Parker – Executive Vice President and Chief Financial Officer

Analysts

Ryan Brinkman – JPMorgan Chase & Company

Presentation



Ryan Brinkman – JPMorgan Chase & Company



Our next presentation is going to be from Harman International. Harman is a leading provider of automotive infotainment systems, particularly growthy segment of the market. Harman’s Infotainment systems integrate telematics, navigation, entertainment and the vehicles growing array of active safety equipment as well. The firm is a leading provider of premium automotive, consumer and professional audio products as well.

Harman has the most attractive customer set of any company we cover. Its sales are principally levered to the growth in BMW and Audi brand vehicles around the world. Although the firm is also very quickly expanding into more mainstream brands as well as evidenced by a recent contract with General Motors.

The firm is coming off a strong fiscal 2012 with several exciting contract wins. It generated $4.4 billion in its most recent fiscal year and has a market cap of just over $3 billion. We’re happy to have Dinesh Paliwal, Harman’s Chairman, President and Chief Executive Officer with us; here with us as well is Herbert Parker, and you’re welcome to sit up here if you like; and Bob Lardon, Vice President, Investor Relations.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs