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Microsemi Corp (MSCC.OQ)

MSCC.OQ on NASDAQ Stock Exchange Global Select Market

53.02USD
17 Nov 2017
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$-0.16 (-0.30%)
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Latest Key Developments (Source: Significant Developments)

Microsemi posts Q4 adj. earnings per share $1.09
Friday, 10 Nov 2017 

Nov 9 (Reuters) - Microsemi Corp :Microsemi reports fourth quarter and fiscal year 2017 results.Q4 GAAP earnings per share $0.87.Q4 earnings per share view $1.08 -- Thomson Reuters I/B/E/S.Sees Q1 2018 non-GAAP earnings per share $0.95 to $1.07.Q4 non-GAAP earnings per share $1.09.Sees Q1 2018 sales $448 million to $472 million.Q4 sales $475.3 million versus I/B/E/S view $475 million.Q1 earnings per share view $1.01, revenue view $460.4 million -- Thomson Reuters I/B/E/S.  Full Article

Microsemi to acquire Vectron's high performance timing business from Knowles Corp
Friday, 27 Oct 2017 

Oct 26 (Reuters) - Knowles Corp :Microsemi to acquire high performance timing business of Vectron International from Knowles Corp..Knowles Corp - ‍Microsemi expects acquisition to be immediately accretive once deal is closed​.Knowles - ‍as of this date, Microsemi remains comfortable with its July 28 non-GAAP guidance for its fourth fiscal quarter of 2017 ended Oct. 1​.  Full Article

Knowles signs definitive agreement to divest timing device business
Friday, 27 Oct 2017 

Oct 26 (Reuters) - Knowles Corp :Knowles signs definitive agreement to divest timing device business.Knowles Corp - ‍company enters into definitive agreement to sell timing device business for $130 million​.Knowles Corp - ‍transaction is expected to be slightly dilutive to earnings and to close in current quarter​.Knowles - agreement to sell timing device (oscillator) business, part of precision devices segment, to Microsemi Corporation​.Knowles Corp - ‍depending on timing of close of this transaction, company may update its Q4 2017 guidance it provided on October 25, 2017​.  Full Article

Microsemi enters into credit agreement
Monday, 22 May 2017 

May 22 (Reuters) - Microsemi Corp -:Microsemi - on May 17, entered into increase revolving joinder no. 1 to credit agreement related to increase in revolving commitments under existing agreement.Microsemi Corp - increase revolving joinder provides for a $50 million increase in total revolving commitments under credit agreement - sec filing.Microsemi Corp - revolving facility terminates january 15, 2021.Microsemi Corp - after giving effect to increase revolving joinder, such revolving facility has total commitments in amount of $375 million.  Full Article

Microsemi Q3 GAAP earnings per share $1.00
Friday, 29 Jul 2016 

Microsemi Corp : Q4 earnings per share view $0.86, revenue view $444.1 million -- Thomson Reuters I/B/E/S . Microsemi reports third quarter 2016 results . Q3 non-GAAP earnings per share $0.73 . Q3 GAAP earnings per share $1.00 . Q3 sales $431.4 million versus I/B/E/S view $430.2 million . Q3 earnings per share view $0.72 -- Thomson Reuters I/B/E/S . Sees q4 2016 non-GAAP earnings per share $0.83 to $0.97 .Sees q4 2016 sales $438 million to $458 million.  Full Article

Microsemi says co reduced principal balance on term B loans by $364.3 mln
Thursday, 30 Jun 2016 

Microsemi Corp : Microsemi corp says company has reduced principal balance on its term b loans by $364.3 million by syndicating a corresponding amount of term a loans . Microsemi corp says maturity dates for credit facilities remain jan. 15, 2021 for term a loans and jan. 15, 2023 for term b loans . Says lowered current blended interest rate under credit agreement by approximately 25 percent or 107 basis points . Amended credit agreement to provide for new pricing terms for remaining term b loans outstanding in amount of $739.7 million .Microsemi announces favorable amendment to credit agreement.  Full Article

Microsemi Corp gives Q3 2016 guidance
Friday, 29 Apr 2016 

Microsemi Corp:Expects net sales in Q3 2016 of between $420 million and $440 million, and expects non-GAAP diluted earnings per share of between $0.69 and $0.75, inclusive of the effect of divestitures.  Full Article

Mercury Systems Inc to acquire Embedded Security, RF and Microwave and Custom Microelectronics Businesses from Microsemi Corporation
Thursday, 24 Mar 2016 

Mercury Systems Inc:Has signed a definitive agreement with Microsemi Corporation to acquire embedded security, RF and Microwave, and custom microelectronics businesses of Microsemi.Pursuant to the terms of the agreement, Mercury will acquire these businesses for a total purchase price of $300 million.Acquisition and associated transaction expenses are expected to be funded with a combination of committed financing for a new $265 million bank term loan A and approximately $50 million of Mercury's cash on hand.In addition to the term loan, the financing also includes a new $75 million revolving credit facility which is not expected to be drawn at closing.Transaction is expected to be highly accretive to fiscal 2017 adjusted EPS and adjusted EBITDA margin.Transaction is currently expected to close during Mercury's fiscal 2016 fourth quarter ending June 30.  Full Article

Microsemi Corp gives Q2 2016 guidance
Friday, 29 Jan 2016 

Microsemi Corp:Expects net sales in Q2 2016 of between $435 million and $455 million, and expects non-GAAP diluted earnings per share of between $0.62 and $0.68, reflecting the transitional quarter of the PMC-Sierra acquisition.  Full Article

Microsemi announces pricing of $450 million of senior notes offering
Friday, 8 Jan 2016 

Microsemi Corp:Announced the pricing of its offering of $450 million in aggregate principal amount of 9.125 percent senior unsecured notes due April 2023.  Full Article

BRIEF-Microsemi posts Q4 adj. earnings per share $1.09

* Microsemi reports fourth quarter and fiscal year 2017 results