HighGravityDataMicrochip Technology — Nov 5, 2024 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000827054-24-000205
Showing in the filing
Capital expenditures
“about $150 million”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 21
Quarterly cash dividend for Q3 FY2025
“45.5 cents per share”
Quarterly dividend
“45.5 cents per share”
Net sales for Q3 FY2025
“between $1.025 billion and $1.095 billion”
Gross Profit (GAAP) for Q3 FY2025
“56.2% to 58.1%”
Gross Profit (Non-GAAP) for Q3 FY2025
“57.0% to 59.0%”
Operating Expenses (GAAP) for Q3 FY2025
“49.1% to 51.4%”
Operating Expenses (Non-GAAP) for Q3 FY2025
“33.2% to 34.8%”
Operating Income (GAAP) for Q3 FY2025
“4.8% to 9.1%”
Operating Income (Non-GAAP) for Q3 FY2025
“22.2% to 25.8%”
Other Expense, net (GAAP) for Q3 FY2025
“$69.3 to $69.7 million”
Other Expense, net (Non-GAAP) for Q3 FY2025
“$69.5 million”
Income Tax Provision (GAAP) for Q3 FY2025
“$1.0 to $13.0 million”
Income Tax Provision (Non-GAAP) for Q3 FY2025
“$22.1 to $25.6 million”
Net Income (loss) (GAAP) for Q3 FY2025
“($21.1) to $16.5 million”
Net Income (loss) (Non-GAAP) for Q3 FY2025
“$135.9 to $187.4 million”
Diluted Common Shares Outstanding (GAAP) for Q3 FY2025
“Approximately 537.3 to 543.0 million shares”
Diluted Common Shares Outstanding (Non-GAAP) for Q3 FY2025
“Approximately 543.0 million shares”
Earnings (Loss) per Diluted Share (GAAP) for Q3 FY2025
“($0.04) to $0.03”
Earnings (Loss) per Diluted Share (Non-GAAP) for Q3 FY2025
“$0.25 to $0.35”
Capital expenditures for Q3 FY2024
“about $20 million”
Capital expenditures for FY2025
“about $150 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
(4) Represents the expected cash tax rate for fiscal 2025, excluding any transition tax payments associated with the Tax Cuts and Jobs Act. Capital expenditures for the quarter ending December 31, 2024 are expected to be about $20 million. Capital expenditures for all of fiscal 2025 are expected to be about $150 million. We are selectively adding capital equipment to maintain, grow and operate our internal manufacturing capabilities to support the expected growth of our business. Under the GAAP revenue recognition standard, we are required to recognize revenue when control of the product changes from us to a customer or distributor. We focus our sales and marketing efforts on creating demand for our products in the end markets we serve and not on moving inventory into our distribution network. We also manage our manufacturing and supply chain operations, including our distributor relationships, towards the goal of having our products available at the time and location the end customer desires. Use of Non-GAAP Financial Measures: Our non-GAAP adjustments, where applicable, include the effect of share-based compensation, cybersecurity incident expenses, other manufacturing adjustments, expenses related to our acquisition activities (including intangible asset amortization, severance, and other restructuring costs, and legal and other general and administrative expenses associated with acquisitions including legal fees and expenses for litigation and investigations related to our Microsemi acquisiti
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.