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March 29, 2015 2:00 PM ET

Communications Equipment

Company Overview of Smiths Interconnect, Inc.

Company Overview

Smiths Interconnect, Inc. designs and manufactures electronic and radio frequency (RF) products that connect, protect, and control critical systems for wireless and satellite telecommunications, aerospace, defense, space, data center, medical, rail, test, measurement, energy, semiconductor, industrial, commercial, new construction, transportation, and broadcast markets. It offers microwave components and sub-assemblies, including isolators, circulators, waveguides, filters, and combiners; RF/AC/DC and data/signal lightning protection products; signal distribution products and cable assemblies; customized millimeter and sub-millimeter wave components, modules, and sub-systems; and interconnec...

350 Conejo Ridge Avenue

Thousand Oaks, CA 91361

United States

Phone:

805-370-5580

Fax:

805-777-7916

Key Executives for Smiths Interconnect, Inc.

President
Age: 47
Vice President of Finance and Divisional Chief Financial Officer
Vice President of Operations
Chief Executive Officer of Smiths Group Plc
Age: 61
President of Power
Compensation as of Fiscal Year 2014.

Smiths Interconnect, Inc. Key Developments

Smiths Interconnect Announces Unaudited Earnings Results for the Six Months Ended January 31, 2015; Provides Earnings Guidance for the Second Half of Fiscal 2016

Smiths Interconnect announced unaudited earnings results for the six months ended January 31, 2015. For the period, the company reported revenue of £198 million, headline operating profit of £18 million, operating profit of £7 million against revenue of £210 million, headline operating profit of £27 million, operating profit of £16 million for the same period a year ago. Return on capital employed was 12.0% against 12.2% a year ago. Smiths Interconnect's reported and underlying revenue declined 6% mainly due to delays in customer spending and programme slowdowns in many of end markets. This was only slightly offset by growth in data centres. Headline operating profit fell 33%, the main contributors were adverse mix, reflecting revenue declines in higher margin sectors, and negative operational gearing from lower volumes. The company expects that seasonality will bias performance towards the second half although trading in the second half will remain below prior year levels.

Smiths Interconnect, Inc. Reports Earnings Results for the First Quarter Ended November 1, 2014; Provides Earnings Guidance for the First Half and Second Half of Fiscal Year 2015

Smiths Interconnect, Inc. reported earnings results for the first quarter ended November 1, 2014. For the quarter, the company saw declines in revenue and headline operating profit at constant currencies as the year started more slowly than expected. This reflects some spending delays by wireless telecoms customers, the timing of certain orders for test equipment with revenue benefiting the prior year and continued softness in some end markets, particularly defence.  First half revenues and profitability are budgeted to be below last year. However, the second half should see some recovery against the first half reflecting normal seasonality in certain markets and the timing of benefits from growth investments.

Smiths Interconnect, Inc. Appoints Roland Carter as President

Smiths Group plc announced the appointment of Roland Carter as President of Smiths Interconnect following his interim appointment to the role six months ago. The change takes immediate effect. Carter was previously managing director of the Connectors business unit of Smiths Interconnect for almost 10 years. Before that he held a number of senior international posts in Smiths Medical, encompassing design, operations and project management.

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