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Plantronics Announces Second Quarter Fiscal Year 2013 Results

Plantronics, Inc. (NYSE:PLT) today announced second quarter fiscal year 2013 results. The following comparisons are to the second quarter of fiscal year 2012:
  • Net revenues were $179.3 million, an increase of 1% compared with $176.9 million.
  • GAAP gross margin was 54.2% compared with 55.9%; non-GAAP gross margin was 54.7% compared with 56.3%.
  • GAAP operating income was $34.5 million; non-GAAP operating income was $39.9 million.
  • GAAP diluted earnings per share (“EPS”) was $0.61, an increase of $0.01 and 2%.
    • Guidance provided on August 6, 2012 was $0.54 to $0.59.
  • Non-GAAP diluted EPS was $0.70, an increase of $0.03 per share and 4%.
    • Guidance provided on August 6, 2012 was $0.63 to $0.68.
Q2 GAAP Results
Q2 2013 Q2 2012 Change (%)
Net revenues $179.3 million $176.9 million 1.3%
Operating income $34.5 million $36.9 million -6.5%
Operating Margin 19.3% 20.9%
Diluted EPS $0.61 $0.60 1.7%
Q2 Non-GAAP Results
Q2 2013 Q2 2012 Change (%)
Operating income $39.9 million $41.5 million -3.9%
Operating Margin 22.3% 23.5%
Diluted EPS $0.70 $0.67 4.5%

A reconciliation between our GAAP and non-GAAP results is provided in the tables at the end of this press release.

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