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Plantronics Inc (PLT.N)

PLT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Plantronics To Acquire Polycom For $2 Billion
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Plantronics Inc ::PLANTRONICS TO ACQUIRE POLYCOM FOR $2 BILLION.PLANTRONICS INC - ‍TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES​.PLANTRONICS INC - ‍DEAL EXPECTED TO BE IMMEDIATELY ACCRETIVE TO NON-GAAP EPS​.PLANTRONICS INC - EXPECT $75 MILLION IN ANNUAL RUN-RATE COST SYNERGIES WITHIN 12 MONTHS OF TRANSACTION CLOSE.PLANTRONICS INC - ‍ PLANTRONICS WILL ACQUIRE POLYCOM IN CASH, STOCK TRANSACTION VALUED AT $2.0 BILLION ENTERPRISE VALUE​.PLANTRONICS INC - ENTERPRISE VALUE CONSISTING OF ESTIMATED $690 MILLION OF NET DEBT, ESTIMATED $948 MILLION IN CASH AND 6.352 MILLION PLANTRONICS SHARES.PLANTRONICS - ‍INTENDS TO FUND CASH PORTION OF DEAL CONSIDERATION WITH CASH ON HAND AND APPROXIMATELY $1.375 BILLION IN NEW, FULLY-COMMITTED DEBT FINANCING​.PLANTRONICS - EFFECTIVE APRIL 1, ROBERT HAGERTY TO ASSUME ROLE OF CHAIRMAN, MARV TSEU TOASSUME ROLE OF VICE-CHAIRMAN OF PLANTRONICS BOARD.PLANTRONICS - ‍REAFFIRMING ITS FINANCIAL OUTLOOK PREVIOUSLY ANNOUNCED IN ITS THIRD FISCAL QUARTER 2018 EARNINGS PRESS RELEASE DATED JANUARY 30, 2018​.  Full Article

Plantronics reports Q2 non-GAAP earnings per share $0.80
Wednesday, 1 Nov 2017 

Oct 31 (Reuters) - Plantronics Inc :Plantronics announces second quarter fiscal year 2018 financial results.Q2 non-GAAP earnings per share $0.80.Q2 GAAP earnings per share $0.59.Q2 revenue $210.3 million versus I/B/E/S view $205.1 million.Q2 earnings per share view $0.66 -- Thomson Reuters I/B/E/S.Sees Q3 2018 non-GAAP earnings per share $0.75 to $0.85.Sees Q3 2018 GAAP earnings per share $0.55 to $0.65.Sees Q3 2018 revenue $215 million to $225 million.Q3 earnings per share view $0.76, revenue view $223.5 million -- Thomson Reuters I/B/E/S.  Full Article

GN Store Nord looses lawsuit against Plantronics
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - GN STORE NORD SAYS:‍JURY RULES IN FAVOR OF PLANTRONICS IN GN AUDIO'S LAWSUIT AGAINST PLANTRONICS..IN 2012, GN AUDIO FILED A LAWSUIT AGAINST PLANTRONICS FOR UNLAWFUL MONOPOLIZATION OF THE DISTRIBUTORS MARKET IN THE US..THE JURY HAS NOT FOUND THAT PLANTRONICS' BEHAVIOR IN THE MARKET PLACE WAS UNLAWFUL. .GN AUDIO WILL, UPON RECEIPT OF THE WRITTEN REASONS FOR THE JUDGMENT, DECIDE WHETHER OR NOT IT WILL APPEAL THE DECISION..THIS ANNOUNCEMENT DOES NOT CHANGE THE FINANCIAL GUIDANCE FOR 2017. ​.  Full Article

Plantronics appoints Joe Burton as CEO and President
Monday, 3 Oct 2016 

Plantronics Inc :Joe Burton appointed president, chief executive officer of co; former president, ceo, Ken Kannappan, chose to resign from board.  Full Article

Plantronics says CEO Ken Kannappan to retire
Wednesday, 3 Aug 2016 

Plantronics Inc : Plantronics ceo ken kannappan to retire . Joe burton will become president and chief executive officer effective oct. 2, 2016 .Plantronics inc says joe burton, plantronics' chief commercial officer, will become president and chief executive officer effective oct. 2, 2016.  Full Article

Plantronics sees Q2 non-gaap diluted eps $0.73 to $0.8
Wednesday, 3 Aug 2016 

Plantronics Inc : Plantronics inc qtrly net revenues were $223.1 million, an increase of 8% compared with $206.4 million . Plantronics inc qtrly gaap diluted earnings per share was $0.62 . Gaap diluted eps was $0.76 . Plantronics inc sees q2 net revenues of $215 million to $225 million . Plantronics inc sees q2 gaap diluted eps of $0.51 to $0.61 . Sees Q2 Non-Gaap diluted eps of $0.73 to $0.8 . Q1 earnings per share view $0.70, revenue view $216.7 million -- Thomson Reuters I/B/E/S . Announcing a new 1 million share repurchase program . Q2 earnings per share view $0.78, revenue view $217.2 million -- Thomson Reuters I/B/E/S . Enterprise net revenues grew by 3% to $155.9 million in q1 of fiscal year 2017 .Consumer net revenues grew by 23% to $67.2 million in q1 of fiscal year 2017.  Full Article

Plantronics announces result of motion for sanctions
Thursday, 7 Jul 2016 

Plantronics Inc : Plantronics announces result of motion for sanctions related to the Gn Netcom litigation . Preliminary results for Q1 fiscal year 2017, with revenue expected to be above previously provided guidance range of $207 million to $217 million . Expected charge of approximately $5 million in Q1 FY 2017 related to ongoing litigation with GN Netcom, Inc. . Preliminary results for Q1 fiscal year 2017 where GAAP,non-GAAP EPS expected to be in middle to high end of previously provided guidance . Company also believes that underlying antitrust action is "without merit and intends to defend itself vigorously" .Company is not accruing any financial damages related to antitrust case.  Full Article

GN Store Nord: Court Order issued in ongoing litigation between GN Netcom, Inc. v. Plantronics
Thursday, 7 Jul 2016 

GN Store Nord A/S : Court Order issued in ongoing litigation between GN Netcom, Inc. v. Plantronics . Says United States District Court in Wilmington, Delaware, issued its order on this motion for sanctions . Says order imposed punitive sanctions against plantronics in amount of $3 million . Says order imposed additional monetary sanctions reimbursing GN for reasonable fees and costs incurred in connection with discovery disputes leading to motion for sanctions . Says order imposed possible evidentiary sanctions, if requested by GN Netcom and found by Court to be warranted as this case progresses toward trial . Says order imposed instructions to jury that it may draw an adverse inference that emails destroyed by Plantronics would have been favorable to GN's case and/or unfavorable to Plantronics' defense .Order does not impact GN's financial guidance for 2016.  Full Article

Plantronics unveils virtual reality gaming headset
Tuesday, 14 Jun 2016 

Plantronics Inc :Plantronics publicly unveils RIG 4VR, the first virtual reality gaming headset designed for PlayStation VR.  Full Article

Plantronics to buy video conferencing gear maker Polycom for $2 billion

Headsets maker Plantronics Inc said on Wednesday it would buy video conferencing equipment maker Polycom in a $2 billion deal, as it aims to take a bigger share of the market for providing businesses with a one-stop shop for managing their communications.