THIRD QUARTER FINANCIAL AND OPERATING HIGHLIGHTS
- Revenue of $232.2 million, an increase of 19%
- GAAP diluted earnings per share of $0.70, an increase of $0.23 or 49%
- Net income margin of 5.9%, an increase of 124 basis points
- Adjusted EBITDA margin of 15.2%, an increase of 96 basis points
- Backlog of $443.3 million, an increase of 17%
- Declared 150th consecutive quarterly dividend
FINANCIAL TABLE | |||||||||||||||
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| Three Months Ended |
| Nine Months Ended | ||||||||||||
(in thousands, except per share data - unaudited) | June 29, 2019 |
| June 30, 2018 |
| June 29, 2019 |
| June 30, 2018 | ||||||||
Revenue | $ | 232,209 |
|
| $ | 194,668 |
|
| $ | 668,436 |
|
| $ | 580,153 |
|
Revenue % increase (decrease)1 | 19.3 | % |
| 0.5 | % |
| 15.2 | % |
| (1.1) | % | ||||
Gross margin | 36.6 | % |
| 39.2 | % |
| 37.5 | % |
| 39.5 | % | ||||
Operating margin | 9.9 | % |
| 8.4 | % |
| 9.7 | % |
| 8.5 | % | ||||
Earnings before taxes | $ | 16,190 |
|
| $ | 10,045 |
|
| $ | 44,463 |
|
| $ | 29,691 |
|
Net income | 13,585 |
|
| 8,979 |
|
| 38,246 |
|
| 50,568 |
| ||||
Diluted earnings per share | 0.70 |
|
| 0.47 |
|
| 1.97 |
|
| 2.62 |
| ||||
| Adjusted diluted earnings per share 2 | 0.71 |
|
| 0.49 |
|
| 2.07 |
|
| 2.68 |
| ||||
| Adjusted EBITDA 2 | 35,357 |
|
| 27,782 |
|
| 103,013 |
|
| 82,186 |
| ||||
| Cash and cash equivalents, end of period | 75,735 |
|
| 66,403 |
|
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|
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| Backlog, end of period | 443,271 |
|
| 377,745 |
|
|
|
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| Total debt, end of period | 462,516 |
|
| 391,332 |
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| 1 | Revenue growth rates in fiscal year 2019 reflect the acquisition of E2M Technologies B.V. (E2M) that occurred on November 21, 2018. |
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| 2 | Refer to the "Non-GAAP Financial Measures" section below for discussion of the calculation of these non-GAAP financial measures. |
