Free Post Earnings Research Report: Microsemi’s Revenue Grew 5.6%, EPS Soared 148.6%

Stock Monitor: EMCORE Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 26, 2017 / Active-Investors.com has just released a free earnings report on Microsemi Corp. (NASDAQ: MSCC). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MSCC. The Company posted its financial results on November 09, 2017, for the fourth quarter fiscal 2017. The Company’s net revenue and adjusted EPS surpassed analysts’ expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Microsemi most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For three months ended October 01, 2017, Microsemi’s net revenue increased 5.6% to $475.3 million from $450.1 million in Q4 FY16. The Company’s net revenue surpassed analysts’ expectations of $474.9 million.

During FY17, the Company’s net revenue increased 9.5% to $1.81 billion from $1.66 billion in FY16.

During Q4 FY17, Microsemi’s gross profit increased 7.9% to $304.1 million from $281.8 million in the same period last year. For the reported quarter, the Company’s gross margin increased 140 basis points to 64% of revenue from 62.6% of revenue in Q4 FY16. During Q4 FY17, Microsemi’s adjusted gross profit increased 8.7% to $306.2 million from $281.8 million in the same period last year. For the reported quarter, the Company’s adjusted gross margin increased 180 basis points to 64.4% of revenue from 62.6% of revenue in Q4 FY16.

During FY17, the Company’s gross profit increased 23.5% to $1.16 billion from $937.1 million in FY16. For FY17, the Company’s gross margin increased 730 basis points to 63.9% of revenue from 56.6% of revenue in FY16.

During Q4 FY17, Microsemi’s operating income increased 18.2% to $75.4 million from $63.8 million in the same period last year. For the reported quarter, the Company’s operating margin increased 170 basis points to 15.9% of revenue, from 14.2% of revenue in Q4 FY16. During Q4 FY17, Microsemi’s adjusted operating income increased 14.7% to $160.0 million from $139.5 million in the same period last year. For the reported quarter, adjusted operating margin increased 270 basis points to 33.7% of revenue from 31.0% of revenue in Q4 FY16.

During FY17, the Company’s operating income increased 403.4% to $270.3 million from $53.7 million in FY16. During FY17, the Company’s operating margin increased 1170 basis points to 14.9% of revenue from 3.2% of revenue in FY16.

During Q4 FY17, Microsemi’s EBT increased 48.5% to $53.3 million from $35.9 million in the same period last year. For the reported quarter, the Company’s earnings before tax (EBT) margin increased 320 basis points to 11.2% of revenue from 8% of revenue in Q4 FY16.

For the reported quarter, Microsemi’s net income increased 151.9% to $102.0 million on a y-o-y basis from $40.5 million in Q4 FY16. During Q4 FY17, the Company’s diluted EPS increased 148.6% $0.87 on a y-o-y basis from $0.35 in the same period last year. For the reported quarter, Microsemi’s adjusted net income increased 22.2% to $128.2 million on a y-o-y basis from $104.9 million in Q4 FY16. During Q4 FY17, the Company’s adjusted diluted EPS increased 19.8% to $1.09 on a y-o-y basis from $0.91 in the same period last year. Adjusted diluted EPS surpassed analysts’ expectations of $1.08.

During FY17, the Company’s net income was $176.3 million compared to net loss of $32.6 million in FY16. For FY17, the Company’s diluted EPS was positive $1.51 compared to negative $0.31 in FY16. During FY17, the Company’s adjusted net income increased 35.3% to $450.3 million from $332.8 million in FY16. During FY17, the Company’s adjusted diluted EPS increased 26.2% to $3.85 from $3.05 in FY16.

Balance Sheet

As on October 01, 2017, Microsemi’s cash and cash equivalents decreased 23.5% to $144.9 million from $189.5 million on October 02, 2016. For the reported quarter, the Company’s debt decreased 18.8% to $1.74 billion from $2.14 billion in Q4 FY16.

For the reported quarter, the Company’s net accounts receivables increased 9.3% to $267.9 million from $245.2 million in Q4 FY16. For the reported quarter, the Company’s accounts payable and accrued liabilities increased 46.2% to $164.9 million from $112.8 million in Q4 FY16.

For the reported quarter, the Company’s operating cash flow increased 20.9% to $156.9 million from $129.8 million in Q4 FY16. In Q4 FY17, the Company’s free cash flow increased 20.9% to $139.3 million from $115.2 million in Q4 FY16.

Outlook

For Q1 FY18, the Company expects net revenue to be in the range of $448 million to $472 million and adjusted diluted EPS to be in the range of $0.95 to $1.07.

Stock Performance Snapshot

December 22, 2017 – At Friday’s closing bell, Microsemi’s stock was slightly down 0.72%, ending the trading session at $52.19.

Volume traded for the day: 263.21 thousand shares.

Stock performance in the last three-month period – up 5.61%; and past six-month period – up 8.91%

After last Friday’s close, Microsemi’s market cap was at $6.18 billion.

Price to Earnings (P/E) ratio was at 34.79.

The stock is part of the Technology sector, categorized under the Semiconductor – Integrated Circuits industry.

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