Breaking News

IBM No Longer Sees Delivering 'at Least $20 Operating EPS' in 2015
Tweet TWEET

Perceptron Announces $0.15 per Share Annual Dividend

Perceptron Announces $0.15 per Share Annual Dividend 
PLYMOUTH, MI -- (Marketwired) -- 05/07/13 --  The Board of Directors
of Perceptron, Inc. (NASDAQ: PRCP) today declared an annual dividend
of $0.15 per share of common stock to be paid on June 27, 2013 to
shareholders of record on June 6, 2013.  
Richard Marz, Chairman of Perceptron's Board of Directors commented,
"Since we paid our special dividend on November 1, 2012, the Board
has discussed alternative approaches to providing an on-going,
regular program of dividends for our shareholders. We decided that an
annual dividend, payable in June each year, represents the best
approach for Perceptron and its shareholders. Since we declared our
special dividend last fall, Perceptron's share price has outperformed
the market and we believe that offering a meaningful dividend will
further enhance the overall return to our shareholders. As a Board,
we also believe that providing a cash return to investors via an
annual dividend helps to express the confidence we have in the future
of Perceptron." 
Harry Rittenour, President and CEO of Perceptron, added, "We expect
to have a profitable year in fiscal year 2013, and with our strong
cash position, we felt it was appropriate to provide shareholders
with an added return on their investment in Perceptron. As we look to
the future, we will continue to balance the desire to provide
meaningful returns to our shareholders while pursuing our long-term
growth objectives."  
Perceptron will issue a press release on its third quarter fiscal
year 2013 financial results on Wednesday May 8, 2013 and hold its
quarterly earnings call with investors and analysts on Thursday, May
9, 2013 at 10:00 AM EDT. Investors can access the call at: 
Webcast 
 http://www.visualwebcaster.com/event.asp?id=93869  
Conference Call 
 888 312-3048 (domestic callers) or
 719 325-2448
(international callers)  
Conference ID 
 9527386 
If you are unable to participate during the live webcast, the call
will be digitally rebroadcast for seven days, beginning at 2:00 PM
(EDT) on Thursday May 9, 2013. 
Rebroadcast 
 888 203-1112 (domestic callers) or
 719 457-0820
(international callers) 
Passcode 
 9527386 
A replay of the call will also be available on the Company's website
at www.perceptron.com for approximately one year following the call. 
About Perceptron(R) 
 Perceptron develops, produces, and sells
non-contact measurement and inspection solutions for industrial
applications. The Company's products provide solutions for
manufacturing process control as well as sensor and software
technologies for non-contact measurement, scanning, and inspection
applications. Automotive and manufacturing companies throughout the
world rely on Perceptron's metrology solutions to help them manage
their complex manufacturing processes to improve quality, shorten
product launch times and reduce overall manufacturing costs. The
Company also offers Value Added Services such as training and
customer support services. Headquartered in Plymouth, Michigan,
Perceptron has approximately 230 employees worldwide, with operations
in the United States, Germany, France, Spain, Brazil, Japan,
Singapore, China and India. For more information, please visit
www.perceptron.com. 
Safe Harbor Statement
 Certain statements in this press release may
be "forward-looking statements" within the meaning of the Securities
Exchange Act of 1934, including the Company's expectation as to its
future dividend payments, its fiscal year 2013 and future new order
bookings, revenue, expenses, income and backlog levels, trends
affecting its future revenue levels, the rate of new orders, the
timing of revenue and income from new products which we have recently
released or have not yet released, and the timing of the introduction
of new products. When we use words such as "will," "should,"
"believes," "expects," "anticipates," "estimates" or similar
expressions, we are making forward-looking statements. We claim the
protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995 for
all of our forward-looking statements. While we believe that our
forward-looking statements are reasonable, you should not place undue
reliance on any such forward-looking statements, which speak only as
of the date made. Because these forward-looking statements are based
on estimates and assumptions that are subject to significant
business, economic and competitive uncertainties, many of which are
beyond our control or are subject to change, actual results could be
materially different. Factors that might cause such a difference
include, without limitation, the risks and uncertainties discussed
from time to time in our reports filed with the Securities and
Exchange Commission, including those listed in "Item 1A - Risk
Factors" of the Company's Annual Report on Form 10-K for fiscal 2012.
The Company's Board of Directors may change the Company's dividend
policy and dividend amounts at any time, or discontinue the payment
of dividends altogether, due to a number of factors, including
covenants in the Company's credit agreement requiring the prior
approval of dividends by the Company's bank, the Company's levels of
available capital, the Company's future operating results, or the
determination to use or reserve the Company's cash resources for
other purposes. Other factors not currently anticipated by management
may also materially and adversely affect our financial condition,
liquidity or results of operations. Except as required by applicable
law, we do not undertake, and expressly disclaim, any obligation to
publicly update or alter our statements whether as a result of new
information, events or circumstances occurring after the date of this
report or otherwise. The Company's expectations regarding future
bookings and revenues are projections developed by the Company based
upon information from a number of sources, including, but not limited
to, customer data and discussions. These projections are subject to
change based upon a wide variety of factors, a number of which are
discussed above. Certain of these new orders have been delayed in the
past and could be delayed in the future. Because the Company's
products are typically integrated into larger systems or lines, the
timing of new orders is dependent on the timing of completion of the
overall system or line. In addition, because the Company's products
have shorter lead times than other components and are required later
in the process, orders for the Company's products tend to be issued
later in the integration process. A significant portion of the
Company's projected revenues and net income depends upon the
Company's ability to successfully develop and introduce new products,
expand into new geographic markets and successfully negotiate new
sales or supply agreements with new customers. Because a significant
portion of the Company's revenues are denominated in foreign
currencies and are translated for financial reporting purposes into
U.S. Dollars, the level of the Company's reported net sales,
operating profits and net income are affected by changes in currency
exchange rates, principally between the U.S. Dollar and Euro.
Currency exchange rates are subject to significant fluctuations, due
to a number of factors beyond the control of the Company, including
general economic conditions in the United States and other countries.
Because the Company's expectations regarding future revenues, order
bookings, backlog and operating results are based upon assumptions as
to the levels of such currency exchange rates, actual results could
differ materially from the Company's expectations. 
Contact: 
Jack Lowry
Vice President of Finance and CFO
734-414-6100 
 
 
Press spacebar to pause and continue. Press esc to stop.