8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

August 7, 2013

Date of Report (Date of earliest event reported)

MOLEX INCORPORATED

(Exact name of registrant as specified in its charter)

Delaware	0-7491	36-2369491
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2222 Wellington Court, Lisle, Illinois 60532

(Address and zip code of principal executive offices)

(630) 969-4550

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On August 7, 2013, Molex Incorporated issued a press release announcing its results of operations for the fourth quarter and fiscal year ended June 30, 2013. A web cast to discuss earnings and current market conditions will be held on August 7, 2013. A copy of the press release is being furnished as Exhibit 99.1, and a copy of the slides to be presented at the web cast is being furnished as Exhibit 99.2 hereto and incorporated herein by reference.

The information furnished under Item 2.02 and Item 9.01 of this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit 99.1        Press release of Molex Incorporated dated August 7, 2013

Exhibit 99.2        Slides of Molex Incorporated dated August 7, 2013

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	MOLEX INCORPORATED
Date: August 7, 2013	By:	/s/  Mark R. Pacioni
		Mark R. Pacioni
		Secretary

3

EXHIBIT INDEX

Exhibit No.	Description
Exhibit 99.1	Press release of Molex Incorporated dated August 7, 2013
Exhibit 99.2	Slides of Molex Incorporated dated August 7, 2013

4

EX-99.1

Exhibit 99.1

CONTACT:

Steve Martens, VP Investor Relations

Molex Incorporated

630-527-4344

For Immediate Release

MOLEX REPORTS FOURTH QUARTER AND FULL FISCAL YEAR RESULTS

Lisle, Illinois – August 7, 2013 — Molex Incorporated (NASDAQ: MOLX and MOLXA), a global electronic components company, today reported results for its fourth quarter and full fiscal year ended June 30, 2013.

Fourth Quarter Results

	Three Months Ended
	Jun 30,		Mar 31,		Jun 30,
USD millions, except per share data	2013		2013		2012
Net revenue	$	882.9	$	852.9	$	858.5
Net income		57.1		44.8		72.0
Earnings per share		0.32		0.25		0.40

Net revenue for the June 2013 quarter was $882.9 million, an increase of 3.5% from the March 2013 quarter and an increase of 2.8% from the June 2012 quarter. In local currencies, net revenue increased 5.1% compared with the March 2013 quarter and 4.7% compared with the June 2012 quarter. Orders for the June 2013 quarter were $880.0 million, a decrease of 3.2% and 2.3% from the March 2013 quarter and the June 2012 quarter, respectively.

Net income for the June 2013 quarter was $57.1 million or $0.32 per share, compared with $44.8 million, or $0.25 per share, for the March 2013 quarter and $72.0 million, or $0.40 per share, for the June 2012 quarter. Net income for the June 2013 quarter was impacted by additional tax expense of $1.7 million ($0.01 per share) reflecting a reduction in the future tax benefit of deferred tax assets in Korea due to a tax incentive granted to one of our plants. Net income for the March 2013 and June 2012 quarters also was impacted by costs related to unauthorized activities in Japan as outlined below.

“Revenue in all end markets grew sequentially, except for the mobile devices market which remained weak throughout the quarter. We expect tablet and mobile phone production to increase during the September quarter as our customers roll-out new products in time for the holidays,” stated Martin P. Slark, Chief Executive Officer. “We are also encouraged by an improving order rate in most end markets, signaling better growth in the second half of the year.”

1

Other financial highlights for the quarter ended June 30, 2013:

• Gross profit margin was 29.1%, compared with 29.1% in the March 2013 quarter and 30.0% in the June 2012 quarter.

• SG&A expense was $174.0 million, compared with $167.4 million in the March 2013 quarter and $161.6 million in the June 2012 quarter.

• Backlog was $452.8 million, a decrease of 2.2% from the March 2013 quarter and an increase of 8.8% from the June 2012 quarter.

• The book-to-bill ratio for the June quarter was 1 to 1 compared with 1.07 to 1 for the March 2013 quarter and 1.05 to 1 for the June 2012 quarter.

• Capital expenditures were $58.9 million or 6.7% of revenue.

• Inventory days outstanding was 84 days compared with 89 days in the March 2013 quarter and 87 days in the June 2012 quarter.

• Accounts receivable days outstanding was 69 days compared with 70 days in the March 2013 quarter and 70 days in the June 2012 quarter.

• The effective tax rate was 32.4%. Excluding the one-time expense previously mentioned, the effective tax rate was 30.4%.

Outlook

Based upon current order rates and customer backlog, the Company estimates net revenue in the range of $890 to $930 million for the September 2013 quarter. At this level of net revenue, the Company expects earnings per share in the range of $0.35 to $0.39, assuming constant foreign currency rates, unchanged commodity prices and an effective tax rate in the range of 30% to 32%.

Full Fiscal Year Results

	Twelve Months Ended
	Jun 30,		Jun 30,
USD millions, except per share data	2013		2012
Net revenue	$	3,620.4	$	3,489.2
Net income		243.6		281.4
Earnings per share		1.36		1.59

Net revenue for the full fiscal year ended June 30, 2013 was $3.6 billion, a 3.8% increase from the prior fiscal year. Net revenue in local currencies increased 5.4% from the prior fiscal year. Net income for the year ended June 30, 2013 was $243.6 million or $1.36 per share, compared with net income of $281.4 million or $1.59 per share in the prior fiscal year. These periods also include costs related to unauthorized activities in Japan as outlined below. The effective tax rate for the fiscal year ended June 30, 2013 was 30.1%.

“Revenue for fiscal 2013 increased 3.8% despite a difficult economic environment, due to our diverse end-market and customer exposure, technology leadership and global reach,” commented Martin P. Slark. “Going forward, we expect these attributes to drive above market growth and earnings expansion. Cash flow was also very strong for the year, which allowed us to increase our dividend again.”

2

Japan Litigation Settlement

As previously announced on February 15, 2013, Molex and Mizuho Bank settled litigation regarding previously reported unauthorized loans. Net income in the March 2013 quarter was impacted by a pretax charge of $21.2 million ($13.5 million after-tax, or $0.08 per share) largely for interest expense and legal fees. Net income for the June 2012 quarter was impacted by a pretax charge of $3.1 million ($2.0 million after-tax, or $0.01 per share) largely for legal fees. For the full years ended June 30, 2013 and 2012, net income was impacted by pretax charges of $25.4 million ($16.2 million after-tax, or $0.09 per share) and $11.3 million ($7.2 million after-tax, or $0.04 per share), respectively.

Earnings Conference Call Information

A conference call will be held on Wednesday, August 7, 2013 at 8:30 a.m. central time. Please dial (888) 679-8034 to participate in the call. International callers should dial (617) 213-4847. Please dial in at least five minutes prior to the start of the call and refer to participant pass code 89187280. Internet users will be able to access the webcast, including slide materials, live and in replay in the “Investors” section of the Company’s website at www.molex.com. A 48-hour telephone replay will be available at approximately 10:30 a.m. central time at (888) 286-8010 or (617) 801-6888 / pass code 24614663.

Other Investor Events

September 4, 2013 / 2013 Citi Global Technology Conference in New York

September 10, 2013 / Deutsche Bank’s dbAccess Technology Conference in Las Vegas

Forward-Looking Statements

Statements in this release that are not historical are forward-looking and are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Words such as “expect,” “anticipate,” “outlook,” “forecast,” “could,” “project,” “intend,” “plan,” “continue,” “believe,” “seek,” “estimate,” “should,” “may,” “assume,” “potential,” variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are based on currently available information and include, among others, the discussion under “Outlook.” These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Respective risks, uncertainties and assumptions that could affect the outcome or results of operations are described in Part 1, Item 1A of our Annual Report on Form 10-K for the year ended June 30, 2012, and the Form 10-Q for the quarters ended September 30, 2012, December 31, 2012 and March 31, 2013, which are incorporated by reference and in other reports that Molex files or furnishes with the Securities and Exchange Commission.

We have based our forward-looking statements on our management’s beliefs and assumptions based on information available to management at the time the statements are made. We caution you that actual outcomes and results may differ materially from what is expressed, implied, or forecast by our forward-looking statements. Reference is made in particular to forward-looking statements regarding growth strategies, industry trends, global economic conditions, success of customers, cost of raw materials, value of inventory, currency exchange rates, labor costs, protection of intellectual property, cost reduction initiatives, acquisition synergies, manufacturing strategies, product development introduction and sales, regulatory changes, competitive strengths, natural disasters, unauthorized access to data, government investigations and outcomes of legal proceedings. Except as required under the federal securities laws, we do not have any intention or obligation to update publicly any forward-looking statements after the distribution of this report, whether as a result of new information, future events, changes in assumptions, or otherwise.

3

Molex Incorporated is a 74-year-old global manufacturer of electronic, electrical and fiber optic interconnection systems. Based in Lisle, Illinois, USA, the Company operates 41 manufacturing locations in 15 countries. The Molex website is www.molex.com.

#    #    #

Editor’s note: Molex is traded on the NASDAQ Global Select Market (MOLX and MOLXA) in the United States and on the London Stock Exchange. The Company’s voting common stock (MOLX) is included in the S&P 500 Index.

4

Molex Incorporated

Condensed Consolidated Balance Sheets

(in thousands)

	June  30, 2013		June  30, 2012
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	711,561	$	637,417
Marketable securities		10,378		14,830
Accounts receivable, less allowances of $40,855 and $37,876, respectively		703,434		751,279
Inventories		531,810		531,825
Deferred income taxes		54,163		110,789
Other current assets		32,538		33,098
Total current assets		2,043,884		2,079,238
Property, plant and equipment, net		1,114,092		1,150,549
Goodwill		191,053		160,986
Non-current deferred income taxes		52,543		50,038
Other assets		185,282		170,692
Total assets	$	3,586,854	$	3,611,503
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt and short-term borrowings	$	54,283	$	104,933
Accounts payable		347,700		355,491
Accrued expenses:
Salaries, commissions and bonuses		113,433		89,404
Accrued liability for unauthorized activities in Japan		—		184,177
Other		127,652		122,631
Income taxes payable		15,966		35,360
Total current liabilities		659,034		891,996
Other non-current liabilities		18,382		18,174
Accrued pension and other postretirement benefits		76,275		115,176
Long-term debt		310,000		150,032
Total liabilities		1,063,691		1,175,378
Commitments and contingencies
Total stockholders’ equity		2,523,163		2,436,125
Total liabilities and stockholders’ equity	$	3,586,854	$	3,611,503

5

Molex Incorporated

Condensed Consolidated Statements of Income

(Unaudited)

(in thousands, except per share data)

	Three Months Ended June 30,						Years Ended June 30,
	2013			2012			2013			2012
Net revenue	$	882,933		$	858,526		$	3,620,447		$	3,489,189
Cost of sales		625,938			600,904			2,557,333			2,420,726
Gross profit		256,995			257,622			1,063,114			1,068,463
Selling, general and administrative		174,049			161,581			685,582			657,732
Unauthorized activities in Japan		—			3,093			25,398			11,259
Total operating expenses		174,049			164,674			710,980			668,991
Income from operations		82,946			92,948			352,134			399,472
Interest expense, net		(1,035	)		(663	)		(4,560	)		(5,360	)
Other income, net		2,591			2,836			901			6,155
Total other income (expense), net		1,556			2,173			(3,659	)		795
Income before income taxes		84,502			95,121			348,475			400,267
Income taxes		27,354			23,160			104,852			118,890
Net income	$	57,148		$	71,961		$	243,623		$	281,377
Earnings per share:
Basic	$	0.32		$	0.41		$	1.37		$	1.60
Diluted	$	0.32		$	0.40		$	1.36		$	1.59
Dividends declared per share	$	0.24		$	0.22		$	0.90		$	0.82
Average common shares outstanding:
Basic		177,852			176,437			177,290			175,980
Diluted		180,262			178,231			179,328			177,382

6

Molex Incorporated

Condensed Consolidated Statements of Cash Flows

(Unaudited)

(in thousands)

	Years Ended June 30,
	2013			2012
Operating activities:
Net income	$	243,623		$	281,377
Add (deduct) non-cash items included in net income:
Depreciation and amortization		234,885			236,974
Deferred income taxes		40,818			10,236
(Gain) loss on sale of property, plant and equipment		(5,292	)		2,580
Share-based compensation		29,237			23,335
Other non-cash items		(10,342	)		(20,561	)
Changes in assets and liabilities:
Accounts receivable		23,690			44,161
Inventories		(10,874	)		(5,338	)
Accounts payable		9,684			312
Other current assets and liabilities		6,305			(10,246	)
Unauthorized activities in Japan		(165,813	)		—
Other assets and liabilities		(13,369	)		10,889
Cash provided from operating activities		382,552			573,719
Investing activities:
Capital expenditures		(262,933	)		(227,101	)
Acquisitions		(55,299	)		(24,000	)
Proceeds from sales of property, plant and equipment		15,358			3,444
Proceeds from sales or maturities of marketable securities		12,727			12,496
Purchase of marketable securities		(8,713	)		(14,934	)
Insurance proceeds and other investing activities		11,694			22,400
Cash used for investing activities		(287,166	)		(227,695	)
Financing activities:
Proceeds from revolving credit facility		247,000			75,000
Payments on revolving credit facility		(87,000	)		(260,000	)
Proceeds from short-term loans and current portion of long-term debt		232,312			—
Payments on short-term loans and current portion of long-term debt		(271,163	)		(53,748	)
Proceeds from issuance of (payments on) long-term debt		—			149,425
Cash dividends paid		(155,791	)		(140,638	)
Exercise of stock options		14,482			7,873
Other financing activities		(4,332	)		(4,194	)
Cash used for financing activities		(24,492	)		(226,282	)
Effect of exchange rate changes on cash		3,250			(14,924	)
Net increase in cash and cash equivalents		74,144			104,818
Cash and cash equivalents, beginning of year		637,417			532,599
Cash and cash equivalents, end of year	$	711,561		$	637,417

7

EX-99.2

August 7, 2013

August 7, 2013

Exhibit 99.2

FY13 Q4 Conference Call

Page 1

Page 1

Forward-Looking Statement

Statements in this release that are not historical are forward-looking and are subject to various risks

and uncertainties that could cause actual results to vary materially from those stated.  Words such as

“expect,” “anticipate,” “utlook,” “forecast,” “could,” “project,” “intend,” “plan,” “continue,” “believe,” “seek,” 

“estimate,” “should,” “may,” “assume,” “potential,” variations of such words and similar expressions are

intended to identify such forward-looking statements.  Forward-looking statements are based on

currently available information and include, among others, the discussion under “Outlook.”  These

statements are not guarantees of future performance and involve certain risks, uncertainties and

assumptions that are difficult to predict. Respective risks, uncertainties and assumptions that could

affect the outcome or results of operations are described in Part 1, Item 1A of our Annual Report on

Form 10-K for the year ended June 30, 2012, and the Form 10-Q for the quarters ended September 30,

2012, December 31, 2012 and March 31, 2013, which are incorporated by reference and in other

reports that Molex files or furnishes with the Securities and Exchange Commission. 

We have based our forward-looking statements on our management’s beliefs and assumptions based

on information available to management at the time the statements are made. We caution you that

actual outcomes and results may differ materially from what is expressed, implied, or forecast by our 

forward-looking statements. Reference is made in particular to forward-looking statements regarding

growth strategies, industry trends, global economic conditions, success of customers, cost of raw

materials, value of inventory, currency exchange rates, labor costs, protection of intellectual property,

cost reduction initiatives, acquisition synergies, manufacturing strategies, product development

introduction and sales, regulatory changes, competitive strengths, natural disasters, unauthorized

access to data, government investigations and outcomes of legal proceedings. Except as required

under the federal securities laws, we do not have any intention or obligation to update publicly any

forward-looking statements after the distribution of this report, whether as a result of new information,

future events, changes in assumptions, or otherwise.

In

Molex

Incorporated’s

(“Molex”

or

the

“Company”)

conference

call

on

August

7,

2013 regarding the Company’s financial results for the fiscal quarter and fiscal

year ended June 30, 2013 and the following slides, Molex may refer to non-GAAP

financial measures to describe earnings for such periods excluding the items

referenced

in

the

relevant

slides

used

during

this

conference

call.

This

is

in

addition to disclosing the most directly comparable measure for such periods

determined in accordance with generally accepted accounting principles, or GAAP. 

Molex believes that these non-GAAP financial measures provide useful

information to investors because they provide information about the estimated

financial performance of Molex’s ongoing business and provide for greater

transparency of supplemental information used by management in its financial

and operational decision-making.  These non-GAAP financial measures may be

different from non-GAAP financial measures used by other companies.  Non-GAAP

financial

measures

should

not

be

considered

as

a

substitute

for,

or

superior

to,

measures of financial performance prepared in accordance with GAAP.

Investors

are

encouraged

to

review

the

relevant

slides

reconciling

the

non-GAAP

financial

measures

intended

to

be

used

in

the

conference

call

to

the

most

comparable GAAP measure.

Page 2

Page 2

Non-GAAP Financial Measures

Challenging quarter for Mobile Devices

–

Delayed production ramps by customers

–

All other end markets improved

Daily order rates improving

–

Slow growth environment

–

Lead times remain tight

Free Cash Flow > Net Income

–

Working capital metrics improved

–

Supports dividend

FCT acquisition

–

Mixed layout custom I/O’s

–

Diverse end markets including Industrial and Medical

Page 3

Page 3

FY13 Q4 Summary

Page 4

Page 4

Q4 Book-to-Bill 1.0 to 1

Revenue / Order Trend

REVENUE

ORDERS

Sequential

Change

YOY

Change

%

Total

Sequential

Change

YOY

Change

%

Total

Automotive

6%

22%

21%

-

19%

20%

Infotech

11%

(3)%

18%

4%

(1)%

18%

Telecom

9%

(8)%

13%

9%

(1)%

14%

Mobile Devices

(18)%

16%

15%

(32)%

(25)%

15%

Consumer

Elect.

9%

(17)%

14%

7%

(15)%

14%

Industrial

10%

1%

14%

2%

4%

14%

Medical /

Military

3%

36%

5%

11%

43%

5%

TOTAL

4%

3%

100%

(3)%

(2)%

100%

Page 5

Page 5

Change in Revenue / Orders

By Industry –

June Quarter

Page 6

Page 6

Full Year

2013

2012

Net revenue

$3,620

$3,489

Gross margin

29.4%

30.6%

SG&A

$685.6

$657.7

SG&A %

18.9%

18.9%

Operating margin

9.7%

11.4%

EPS

$1.36

$1.59

(US$ in millions, except per-share data)

Full Year Financial Summary

Quarter Ended

Jun 2013

Mar 2013

Jun 2012

Net revenue

$882.9

$852.9

$858.5

Gross margin

29.1%

29.1%

30.0%

SG&A

$174.0

$167.4

$161.6

Unauthorized activities in Japan

-

$21.2

$3.1

Income from operations

$83.0

$59.9

$92.9

Interest (expense) net

$(1.0)

$(1.6)

$(0.7)

Other (expense) income

$2.6

$0.3

$2.9

Effective tax rate

32.4%

23.6%

24.3%

Net income

$57.1

$44.8

$72.0

Earnings per diluted share

$0.32

$0.25

$0.40

(US$ in millions, except per-share data)

Page 7

Page 7

Financial Summary

Quarter Ended

Jun 2013

Mar 2013

Jun 2012

Cash and marketable securities

$721.9

$712.9

$652.2

Total debt*

$364.2

$403.7

$254.9

Net cash

$357.7

$309.2

$397.3

Receivable days outstanding

69 Days

70 Days

70 Days

Inventory days outstanding

84 Days

89 Days

87 Days

Return on net assets**

18.1%

18.6%

19.4%

Research and development

$45.3

$46.2

$46.7

(US$ in millions)

*Total debt equals long-term debt plus current

portion of long-term debt and short-term loans.

Page 8

Page 8

**See GAAP to non-GAAP reconciliation

Balance Sheet and Operating Metrics

Page 9

Page 9

Q3 12

Q4 12

Q1 13

Q2 13

Q3 13

Q4 13

Cash Flow From Operations

$138.9

$143.3

$167.4

$87.2

$(20.1)

$148.1

Less:  Capital Expenditures

$(54.4)

$(77.7)

$(69.4)

$(78.6)

$(55.9)

$(58.9)

Add:  Japan Litigation Settlement*

-

-

-

-

$182.8

-

Free Cash Flow (non-GAAP measure)

$84.5

$65.6

$98.0

$8.6

$106.8

$89.2

US $ in millions

*See unauthorized activities in Japan section

of our press release dated April 23, 2013

Free Cash Flow Trend

September Fiscal Quarter

Revenue

$890 to $930 million

EPS

$0.35 to $0.39

Assumes

–

30% to 32% effective tax rate

–

Constant foreign exchange rates and

commodity prices

Page 10  

Page 10  

Outlook

Quarter Ended

Jun

2013

Mar

2013

Dec

2012

Sep

2012

Jun

2012

Income from

operations

$82,946

$59,938

$106,515

$102,735

$92,948

Unauthorized

activities in Japan

-

21,210

1,627

2,561

3,093

Non-GAAP income

from operations

$82,946

$81,148

$108,142

$105,296

$96,041

(US$ in thousands)

Non-GAAP income from operations is a non-GAAP financial measure.  We refer to non-GAAP income from

operations to describe income from operations excluding the items referenced above.  We believe that non-

GAAP income from operations provides useful information to investors because it provides information about

the estimated financial performance of Molex’s ongoing business.  Non-GAAP income from operations is used

by management in its financial and operational decision-making and evaluation of overall operating

performance and segment level core operating performance.  Non-GAAP income from operations may be

different from similar measures used by other companies.

Operating income excluding restructuring and special charges

Fixed assets + Inventory + A/R –

A/P

RONA =

Non-GAAP Measure

REVENUE

ORDERS

YTD

Change

%

Total

YTD

Change

%

Total

Automotive

15%

19%

15%

18%

Infotech

(6)%

17%

(4)%

17%

Telecom

(8)%

13%

(6)%

13%

Mobile Devices

37%

21%

31%

21%

Consumer Elect.

(16)%

14%

(15)%

14%

Industrial

(4)%

12%

(1)%

13%

Medical / Military

35%

4%

36%

4%

TOTAL

4%

100%

4%

100%

Change in Revenue / Orders

By Industry –

FY13

FY13

(US$ in millions)

BOOKINGS

Q1 FY12

Q2 FY12

Q3 FY12

Q4 FY12

Q1 FY13

Q2 FY13

Q3 FY13

Q4 FY13

Automotive

$149.2

$133.4

$154.2

$150.9

$154.2

$159.5

$180.1

$179.4

Infotech

155.5

151.7

163.4

158.1

149.5

148.3

150.2

156.4

Telecom

122.0

121.0

134.3

122.0

128.9

108.1

111.0

121.2

Mobile Devices

168.0

126.6

120.4

170.5

221.2

231.0

187.6

127.9

Consumer Elect

175.6

147.2

146.5

149.9

150.5

126.9

119.2

127.7

Industrial

114.1

109.2

120.8

118.9

108.7

103.1

121.7

123.8

Medical/Military

25.6

26.2

33.0

30.7

30.9

42.8

39.4

43.6

TOTAL

$910.0

$815.3

$872.6

$901.0

$943.9

$919.7

$909.2

$880.0

REVENUE

Q1 FY12

Q2 FY12

Q3 FY12

Q4 FY12

Q1 FY13

Q2 FY13

Q3 FY13

Q4 FY13

Automotive

$144.3

$135.8

$151.4

$150.4

$153.5

$157.8

$173.4

$184.1

Infotech

162.8

159.7

156.4

161.9

154.4

150.2

140.5

156.4

Telecom

130.8

134.9

119.6

127.6

131.7

116.5

108.2

117.7

Mobile Devices

167.4

137.1

122.1

117.1

182.1

262.2

165.5

136.1

Consumer Elect

178.1

154.9

140.9

150.1

149.9

137.1

113.9

124.5

Industrial

125.9

109.3

116.6

120.6

115.0

104.0

110.8

122.2

Medical/Military

26.7

25.9

30.1

30.8

30.3

39.9

40.6

41.9

TOTAL

$936.0

$857.6

$837.1

$858.5

$916.9

$967.7

$852.9

$882.9

End market definitions are periodically updated

End Market Trend