Company Profile For Harman International Industries, Incorporated

Harman International Industries, Incorporated (HAR.N) (New York Stock Exchange)

sector: Cyclical Consumer Goods & Services · industry: Consumer Electronics ·

As of 25 Nov 2009

37.02USD

Price Change

+0.21

Percent Change

+0.57%

Analyst Recommendations

Overview

Harman International Industries, Incorporated (Harman International) is engaged in the development, manufacture and marketing of high-fidelity audio products and electronic systems. The Company has developed, both internally and through a series of acquisitions, a range of product offerings sold under AKG, Crown, JBL, Infinity, Harman/Kardon, Lexicon, dbx, BSS, Studer/Soundcraft, Mark Levinson and Becker brand names. It operates in four segments: Automotive, Consumer and Professional are based on the end-user markets it serves. Its fourth segment, Other, includes its QNX business, which was previously reported in its Automotive segment. As of June 30, 2009, the Company’s Professional segment included its Harman Specialty business. Its Harman Specialty business includes Mark Levinson, Revel and Lexicon branded products.

Quick Financial Synopsis

BRIEF: For the three months ended 30 September 2009, Harman International Industries Inc.'s revenues decreased 13% to $757.4M. Net loss totaled $9.5M vs. an income of $21M. Revenues reflect lower sales from Automotive division, a decrease in consumer segment and a fall in sales from Professional division. Net also loss reflects a decrease in gross profit, higher interest expense and the presence of loss from operations vs. an income.