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Last $145.10 USD
Change Today -1.39 / -0.95%
Volume 704.4K
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

harman international (HAR) Snapshot

Open
$147.50
Previous Close
$146.49
Day High
$149.11
Day Low
$144.97
52 Week High
04/23/15 - $149.12
52 Week Low
10/14/14 - $84.48
Market Cap
10.0B
Average Volume 10 Days
672.5K
EPS TTM
$5.61
Shares Outstanding
68.6M
EX-Date
02/5/15
P/E TM
25.9x
Dividend
$1.32
Dividend Yield
0.89%
Current Stock Chart for HARMAN INTERNATIONAL (HAR)

harman international (HAR) Details

Harman International Industries, Incorporated develops, manufactures, and markets audio products, lighting solutions, and electronic systems, as well as digitally integrated audio and infotainment systems for the automotive industry worldwide. Its Infotainment segment offers infotainment systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers. The company’s Lifestyle segment provides automotive audio systems for vehicle applications; and a range of mid-to high-end audio and electronics for home, multimedia, and mobile applications. It also offers home audio and theater systems, and distributed systems for home applications; a range of accessories, such as ear buds, noise cancelling headphones, and ear phones for multimedia applications; transducers and built-in speakers for notebook computers; audio systems for personal computers; and aftermarket mobile products, including speakers, amplifiers, and digital signal processors that are used in-car audio products. This segment markets its products under the AKG, Harman/Kardon, Infinity, JBL, Logic 7, Mark Levinson, Lexicon, Revel, Selenium, and yurbuds brands. Its Professional segment provides a range of loudspeakers, power amplifiers, digital signal processors, microphones, headphones, mixing consoles, lighting systems, video and control solutions, and information delivery systems that are used in concert halls, stadiums, airports, houses of worship, and public spaces; products to the sound reinforcement, music instrument support, and broadcast and recording segments of the professional audio market; and systems solutions for professional installations and users. This segment markets its products under the AKG, AMX, BSS, Crown, dbx, DigiTech, JBL Professional, Lexicon, Martin, Selenium, Soundcraft, and Studer brands. Harman International Industries, Incorporated was founded in 1980 and is headquartered in Stamford, Connecticut.

14,202 Employees
Last Reported Date: 08/7/14
Founded in 1980

harman international (HAR) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.2M
Executive Vice President and President of Lif...
Total Annual Compensation: $519.0K
Executive Vice President and President of Inf...
Total Annual Compensation: $501.2K
Executive Vice President, President of Profes...
Total Annual Compensation: $484.5K
Executive Vice President of Operational Excel...
Total Annual Compensation: $560.0K
Compensation as of Fiscal Year 2014.

harman international (HAR) Key Developments

HARMAN Announces Commercial Introduction of the Geely GC9 Sedan

HARMAN announced the commercial introduction of the Geely GC9 sedan featuring HARMAN's multimedia/navigation system and premium surround sound audio. This Bluetooth-enabled system features an eight-inch high definition touch screen, highly integrated multimedia and connectivity solutions, and advanced safety (ADAS) features including a 'birds-eye' 360 degree park-assist view. The Geely GC9 also includes a HARMAN designed and built premium audio system featuring Infinity Logic7 surround sound. The GC9 is the first to market of several HARMAN projects that are currently in development for Geely.

Harman International Industries, Incorporated and Quirky Partner to Develop the Next Generation of Audio Products

HARMAN International Industries, Incorporated and Quirky announced a new partnership to jointly develop the next generation of audio products. The creative people around the world are invited to go to quirky.com/harman/the-headphones-of-tomorrow to submit ideas to create the headphones of tomorrow. Quirky makes invention accessible by bringing real people’s product ideas to life with the help of a global community and in-house team of engineers and designers. The partnership between HARMAN and Quirky is the second Powered by Quirky initiative, which enables larger organizations to implement Quirky’s unique community-driven product development process. This partnership brings together HARMAN’s legacy of premium audio and Quirky’s inventive edge in categories like connected technology. HARMAN will leverage Quirky’s platform to generate new ideas for their portfolio of brands, which includes Harman Kardon, JBL, and Infinity.

Harman International Industries, Incorporated and Harman Holding GmbH & Co. KG Enter into New Senior Unsecured Credit Facility of $1,200 Million

On March 26, 2015, Harman International Industries, Incorporated and Harman Holding GmbH & Co. KG (Harman KG), entered into a Multi-Currency Credit Agreement with J.P. Morgan Securities LLC, HSBC Bank USA, N.A., UniCredit Capital Markets LLC, Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint lead arrangers and bookrunners, JPMorgan Chase Bank, N.A., as administrative agent, HSBC Bank USA, N.A., UniCredit Capital Markets LLC, Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as syndication agents, Citizens Bank, N.A., TD Bank, National Association and The Bank of Tokyo-Mitsubishi UFJ Ltd., as documentation agents, and the other banks and financial institutions party thereto. The Credit Agreement provides for a five-year unsecured multi-currency revolving credit facility in the amount of $1,200 million (the Aggregate Commitment) with availability in currencies other than United States dollars of up to $750 million. Up to $50 million of the Aggregate Commitment will be available for letters of credit. Subject to certain conditions set in the Credit Agreement, the Aggregate Commitment may be increased by up to $500 million. The company may select interest rates for borrowings under the Credit Agreement equal to LIBOR plus an applicable margin, EURIBOR plus an applicable margin or a base rate plus an applicable margin, which in each case is based on the company's total leverage ratio, as defined in the Credit Agreement. The company is obligated to pay a facility fee on the Aggregate Commitment, whether drawn or undrawn, which is based on the company's total leverage ratio. Any proceeds from borrowings under the Credit Agreement may be used for general corporate purposes. The Credit Agreement includes certain financial condition covenants, including covenants that do not permit the company to allow its ratio of consolidated EBITDA to consolidated cash interest expense to be less than 3.5:1.0 or its ratio of consolidated total debt to consolidated EBITDA to exceed 3.5:1.0, or following certain acquisitions, 4.0:1.0, each calculated as of the end of the applicable fiscal quarter on a rolling four-quarter basis. The terms consolidated EBITDA, consolidated cash interest expense, and consolidated total debt are defined in the Credit Agreement. The Credit Agreement also contains certain negative covenants that limit, among other things, the company's ability to permit certain of its subsidiaries to incur debt, incur liens, make fundamental changes (including selling all or substantially all of its assets), undertake transactions with affiliates and undertake sale and leaseback transactions. The Credit Agreement is subject to acceleration upon certain specified events of default, including failure to make timely payments, breaches of representations or covenants, or a change of control of the company, as such term is defined in the Credit Agreement.

 

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Industry Analysis

HAR

Industry Average

Valuation HAR Industry Range
Price/Earnings 32.2x
Price/Sales 1.7x
Price/Book 5.1x
Price/Cash Flow 31.5x
TEV/Sales 1.5x
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