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Last $52.37 USD
Change Today -0.40 / -0.76%
Volume 74.4K
PLT On Other Exchanges
New York
As of 12:53 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

plantronics inc (PLT) Snapshot

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07/31/15 - $58.73
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10/15/14 - $42.65
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plantronics inc (PLT) Details

Plantronics, Inc. designs, manufactures, and markets lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets under the Plantronics brand worldwide. The company also manufactures and markets specialty telephone products under the Clarity brand. Its primary products include corded and cordless communication headsets; audio processors; telephone systems; Bluetooth and corded products; personal computer and gaming headsets; and specialty products, including speakerphones, amplified captioned phones, amplified corded phones, personal listeners, and alarm clocks for hearing impaired individuals. The company designs its products for various markets and applications, such as enterprise and home offices, contact centers, mobile phones and smartphones, computer and gaming, residential, and other specialty applications. Plantronics, Inc. sells products through a network of distributors, retailers, wireless carriers, original equipment manufacturers, and telephony service providers. Plantronics, Inc. was founded in 1961 and is headquartered in Santa Cruz, California.

3,397 Employees
Last Reported Date: 05/15/15
Founded in 1961

plantronics inc (PLT) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $718.8K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $358.8K
Chief Technology Officer, Chief Commercial Of...
Total Annual Compensation: $416.3K
Managing Director of Europe and Africa
Total Annual Compensation: $337.6K
Senior Vice President of Sales
Total Annual Compensation: $395.0K
Compensation as of Fiscal Year 2015.

plantronics inc (PLT) Key Developments

Plantronics Unveils New BackBeat SENSE Wireless Headphones

Plantronics has unveiled the BackBeat SENSE smart wireless headphones. Whether user want to get lost in a playlist, podcast, or movie, BackBeat SENSE combines barely-there lightweight materials, best-in-class Bluetooth battery life, smart sensors, understated style, and signature Plantronics audio. BackBeat SENSE is available in the US and will be available worldwide in September 2015. BackBeat SENSE also takes an innovative approach to design, ensuring all-day wearing comfort for everyone. Its unique, patent-pending headband is designed to comfortably fit 99% of head sizes, and evenly distribute the weight of the headphones, extending wear time by eliminating pressure that can cause fatigue and discomfort. At only 140g, about the same weight as a smartphone, BackBeat SENSE is approximately 50% lighter than most on-ear Bluetooth headphones available today.1 Pillow-soft memory foam ear pads conform to the shape of the listener's ear, improving audio performance. The headphones' compact form and fold-flat earcups make BackBeat SENSE comfortable and convenient to wear around the neck when not in use. Additional BackBeat SENSE technologies and benefits include Signature Plantronics audio, Advanced Class 1 Bluetooth, Advanced Class 1 Bluetooth, Dual mics enable HD Voice communication, OpenMic technology and Fold-flat earcups. Signature Plantronics audio and dynamic drivers create the optimal balance of rich bass, crisp highs, and natural mid tones to let user enjoy user music to the full, and hear every detail in user media. Advanced Class 1 Bluetooth lets user control up to two connected smartphones or tablets from up to 330 ft/100 m2 away the length of a football field. Dual mics enable HD Voice communication for clear calls or interactions with voice applications such as Siri, Google Now, Cortana and Skype. OpenMic technology for those times when you'll occasionally need to hear the outside world. With OpenMic, user can do so with the touch of a button, and without missing a beat. Fold-flat earcups makes BackBeat SENSE easy to transport and store, and the headphones include a durable pouch with a handy pocket for charging and audio cables. BackBeat SENSE is the newest member of the BackBeat family of wireless stereo products from Plantronics. Other BackBeat stereo Bluetooth headphones include the critically-acclaimed BackBeat PRO over-the-ear wireless headphones, featuring active noise cancelation, and a record-setting 24 hours of streaming; the BackBeat FIT sweatproof wireless headphones, which feature a unique, safety-oriented design and a stable fit that stays in place comfortably no matter how hard user work out; and the popular BackBeat GO 2 + Charging Case wireless ear buds that provide premium audio in an incredibly small and light form factor. BackBeat PRO, BackBeat GO 2 + Charging Case, and BackBeat FIT are currently available at select retailers. BackBeat SENSE will be available in two styles Black/Espresso and White/Tan and will be immediately available at authorized Plantronics retailers in the US, including and T-Mobile. BackBeat SENSE will be available worldwide, starting in August. The MSRP for BackBeat SENSE is USD 179.99, EUR 179.99, and GBP 149.99.

Plantronics Announces Quarterly Dividend, Payable on September 10, 2015

Plantronics, Inc. has declared a quarterly dividend of $0.15 per common share, to be paid on September 10, 2015 to all shareholders of record as of the close of business on August 20, 2015.

Plantronics, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Earnings Guidance for the Second Fiscal Quarter Ending in September 2015 and Capital Expenditure Guidance for the Fiscal Year 2016

Plantronics, Inc. announced unaudited consolidated earnings results for the first quarter ended June 30, 2015. For the period, the company reported net revenues of $206,358,000 compared to $216,662,000 a year ago. Operating income was $29,362,000 compared to $37,761,000 a year ago. Net income was $21,228,000 compared to $28,672,000 a year ago. Diluted earnings per common share were $0.55 compared to $0.68 a year ago. Cash provided by operating activities was $43,474,000 compared to $29,538,000 a year ago. Capital expenditures were $3,966,000 compared to $7,312,000 a year ago. Income before income taxes was $26,336,000 compared to $38,781,000 a year ago. Non-GAAP operating income was $37,474,000 compared to $44,116,000 a year ago. Non-GAAP net income was $26,008,000 compared to $32,954,000 a year ago. Non-GAAP diluted earnings per common share were $0.67 compared to $0.78 a year ago. The company also provided earnings guidance for the second fiscal quarter ending in September 2015. For the period, the company expected net revenues of $202 million to $212 million. This forecast assumes gross margins in the range of 51% to 52%, lower than the current quarter margins as currency continues to weigh on the company’s profitability, and the company expects product mix to have more lower margin in UC and Consumer products. On a constant-currency basis, compared with the second quarter of fiscal year 2015, this range would be roughly $210 million to $220 million and, at the midpoint, would represent a decrease of 1% from the prior year. GAAP operating income expected to be approximately $25 million to $29 million and non-GAAP operating income of approximately $34 million to $38 million, excluding the impact of $9 million from stock-based compensation and purchase accounting amortization from GAAP operating income. On a constant-currency basis, compared with the second quarter of fiscal year 2015, the company expects a positive impact to its expenses of roughly $5 million. Therefore, if currency rates do not change significantly, the positive OpEx impact, combined with the negative net - with the net negative impact of the revenue line of $8 million, means its hedging program will protect the company from all by about $3 million in negative impacts to operating income. The company’s non-GAAP tax rate for the quarter is expected to be 24.5%, and the company expecting - and the company is anticipating the full year tax rate of the same amount. Based on all of the above, for second quarter, the company expects GAAP EPS of $0.39 to $0.47 per share and non-GAAP EPS to be $0.58 to $0.66 on average diluted shares outstanding of approximately 35 million. Total CapEx for fiscal year 2016 is expected to be approximately $30 million to $35 million. Depreciation expense on a GAAP basis for the first quarter was $5 million, up $0.3 million from the prior year. The company’s non-GAAP tax rate for the quarter is expected to be 24.5%, and the company expecting - and the company is anticipating the full year tax rate of the same amount.


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