MOLX Molex Incorporated featured news, full reports, and detailed charts
Molex Incorporated (MOLX) Wrap Up:
Molex Incorporated (together with its subsidiaries, except where the context otherwise requires, “we,” “us” and “our”) was incorporated in the state of Delaware in 1972 and originated from an enterprise established in 1938. We are the world’s second-largest manufacturer of electronic connectors in terms of revenue. Net revenue was $3.3 billion for fiscal 2007. We operated 59 manufacturing plants, located in 19 countries on four continents, and employed 33,200 people worldwide as of June 30, 2007. Our core business is the manufacture and sale of electronic components. Our products are used by a large number of leading original equipment manufacturers (OEMs) throughout the world. We design, manufacture and sell more than 100,000 products, including terminals, connectors, planar cables, cable assemblies, interconnection systems, backplanes, integrated products and mechanical and electronic switches. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f08%2f03%2f0000950137-07-011213.html#FIS_BUSINESS"Molex Inc. (MOLX:NASDAQ)
Snapshot of Molex Inc. (MOLX)
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OPEN
$19.18
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PREVIOUS CLOSE
$19.26
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DAY HIGH
$19.22
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DAY LOW
$18.75
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52 WEEK HIGH
09/21/09 - $22.41
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52 WEEK LOW
03/9/09 - $9.68
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MARKET CAP
1.8B
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AVERAGE VOLUME 3 mo
1.0M
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DILUTED EPS TTM
$-2.17
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SHARES OUTSTANDING
95.7M
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EX-DATE
09/28/09
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P/E TTM
NM
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DIVIDEND
$0.61
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DIVIDEND YIELD
3.22%
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| K = Thousands M = Millions B = Billions | ||
MOLX Top Compensated Officers
Executives, Board Directors
Key developments for Molex Inc. (MOLX)
Molex Inc. introduces the iPass+(TM) High Density (HD) system, referenced as mini-SAS HD in the SAS 2.1 standard, to meet SAS next-generation speed and density requirements. This innovative system provides 8x as well as 4x cable-plugging options offering customers faster data, more bandwidth and more design flexibility. Molex's iPass+HD technology will drive next-generation SAS solutions by providing increased bandwidth and port density. The iPass+HD external input/output (I/O) connector includes eight sideband signals per 4x port. These additional signals enable active copper and optical cables, as well as active pluggable modules for extended-length applications in data centers. The new pinouts for iPass+HD map easily to existing legacy products. The reduced size of the iPass+HD system provides additional real estate and beach front for system designers. A standard PCIe card can accept four current 4x mini-SAS connectors and a low-profile PCIe card accepts two 4x mini-SAS connectors. The new iPass+HD will provide for four 4x ports on a low-profile PCIe card, doubling the port density on a low-profile PCIe card. The introduction of multi-plugging provides the capability to plug either one 8x plug or two 4x plugs into the same 8x connector, increasing the functionality of the solution. End users may not have to go buy a new cable.
Molex Inc. - Conference Presentation Calls
Molex Inc. reported unaudited consolidated financial results for the first quarter ended September 30, 2009. For the quarter, the company has reported loss from operations of $10,103,000, loss before income taxes of $7,619,000 and net loss of $11,595,000 or $0.07 per diluted share on net revenue of $674,033,000 compared to income from operations of $61,343,000, income before income taxes of $65,143,000 and net income of $44,297,000 or $0.25 per diluted share on net revenue of $838,985,000 for the same period last year. Cash provided from operating activities were $70,618,000 against $88,976,000 and capital expenditures were $45,634,000 against $45,292,000 reported last year. Non-GAAP net income for the quarter is $31,747,000 or $0.18 per diluted share against $59,963,000 or $0.34 per diluted share reported last year. For the quarter, non-GAAP net income excluded a pretax restructuring charge of $55.9 million ($38.5 million after-tax or $0.22 per share) and a tax adjustment related to stock compensation of $4.8 million or $0.03 per share. The company estimates revenue in a range of $680 to $720 million for the December 2009 quarter. At this level of revenue, the company expects earnings per share in a range of $0.11 to $0.15, assuming an effective tax rate of 30%. Included in these estimates is a pretax restructuring charge of approximately $19 million or $0.07 per share after-tax. Restructuring costs and asset impairments of $38,547,000 against $15,666,000 reported in the same period last year.
MOLX Competitors
| Company | Last | Change |
| AVX Corp | $12.11 USD | -0.03 |
| Commscope Inc | $26.97 USD | -1.17 |
| JDS Uniphase Corp | $7.29 USD | -0.10 |
| Plexus Corp | $26.94 USD | +0.07 |
| Vishay Intertechnology Inc | $7.51 USD | +0.01 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | MOLX | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.4x |
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| Price/Book | 1.6x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.4x |
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MOLX |
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MOLX transactions
| Type Date |
Target |
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Merger/Acquisition
September 15, 2009 |
Molex France SA |
More Recent News About Molex Incorporated
More news for MOLX
Market Winners & Losers: Harris Corp., Goodyear Tire & Rubber
The major indexes ended Wednesday’s session lower across the board. The Dow closed down 1.2%, the Nasdaq dropped 2.7%, and the S&P 500 fell 2%. Here are Wednesday’s winners and losers: Winners Harris Corp. (HRS) The communications-technology company saw shares rise by 9.8% on the release of its quarterly earnings results. HRS shares last traded at $41.66, up $3.72 on the day. American International Group (AIG) The insurer bucked sector trends, adding 3.9% to its share price on Wednesday. AIG shares closed at $35.33, a gain of $1.32 on the day. Qwest Communications International Inc. (Q) The telecommunications company’s stock gained 2.6% after beatings the streets per-share estimates. Qwest shares finished Wednesday’s session at $3.54, up 9 cents on the day. Verizon Communications Inc. (VZ) The telecommunications posting gains Wednesday of 2.6%. Verizon shares ended the session at $29.95, a gain of 75 cents on the day. Pall Corp. (PLL) The filtration development company moved into positive territory by 2.4% with a late-session push. Pall shares last traded at $32.21, up 76 cents on the day. Losers Goodyear Tire & Rubber Co. (GT) The tire manufacturer saw its shares sink 19.6% on revenue projections. Goodyear shares closed at $13.46, a loss of $3.28 on the day. Apollo Group Inc. ...Click here to read the whole Article (external link)
MOLEX INC Files SEC form 8-K/A, Results of Operations and Financial Condition
Show all filings for MOLEX INC | Request a Trial to NEW EDGAR Online Pro Form 8-K/A for MOLEX INC 28-Oct-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intende...Click here to read the whole Article (external link)
MOLEX INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Unless otherwise indicated or the content otherwise requires, the terms "we," "us" and "our" and other similar terms in this Quarterly Report on Form 10-Q refer to Molex Incorporated and its subsidiaries. The following discussion and analysis should be read in conjunction with our condensed consolidated financial statements and accompanying notes contained herein and our consolidated financial statements and accompanying notes and management's discussion and analysis of results of operations and financial condition contained in our Annual Report on Form 10-K for the fiscal year ended June 30, 2009. This discussion and analysis contains forward-looking statements that involve risks, uncertainties and assumptions. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of many factors, including but not limited to those described below under the heading "Cautionary Statement Regarding Forward-Looking Information." Overview Our core business is the manufacture and sale of electronic components. Our products are used by a large number of leading original equipment manufacturers (OEMs) throughout the world. We design, manufacture and sell more than 100,000 products including terminals, connectors, planar cables, cable assemblies, interconnection systems, backplanes, integrated products and mechanical and electronic switches in 41 manufacturing locations in 17 countries. We also manufacture specific components that are integrated into a customer's product. Our reportable segments consist of the Connector and Custom & Electrical reportable segments. A summary of our reportable segments follows: • The Connector segment designs and manufactures products for high-speed, high-density, high signal-integrity applications as well as fine-pitch, low-profile connectors for the consum...Click here to read the whole Article (external link)
MOLEX INC Files SEC form 8-K/A, Costs Associated with Exit or Disposal Activities
Item 2.05 Costs Associated with Exit or Disposal Activities. On June 18, 2007, Molex Incorporated ("Molex") filed a current report on Form 8-K regarding its multi-year plan to implement restructuring initiatives designed to reduce costs and improve return on invested capital in connection with the new global organization launched on July 1, 2007. At that time, Molex was unable to make a determination of the estimated amount or ranges of amounts to be incurred for each major type of cost and the charges and future cash expenditures associated therewith. Molex is filing this Form 8-K/A to amend the June 18, 2007 Form 8-K to update the disclosure therein. Molex expects to incur total restructuring and asset impairment costs related to the restructuring of approximately $280 million. The $280 million restructuring and asset impairment costs related to the restructuring includes the following: $220 - 225 million for employee termination benefit costs; $7 - 8 million pension curtailment gain; and $60 - 65 million for manufacturing asset impairments or write-offs. Molex estimates that approximately all of the remaining estimated restructuring charge of $26 million will be recorded in fiscal year 2010. The restructuring is expected to result in total cash expenditures of approximately $220 - 225 million. Molex's analysis is subject to change and the timing of the implementation of these initiatives and the resulting charges and cash expenditures will be dependent upon a number of factors. If there are further exit and disposal costs in addition to the $280 million, Molex will file an amendment to this report once it is able to make good faith determinations of the estimated costs and future cash expenditures associated with its restructuring initiatives. Cautionary Note Regarding Forward-Looking Statements Statements in this Form 8-K that are not historical, including statements regarding Molex's restructuring initiatives, are forward-looking statements within the me...Click here to read the whole Article (external link)
MOLEX INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue674,033 570,589 505,539 666,728 Cost of Revenue482,614 433,352 412,143 490,656 Gross Profit191,419 137,237 93,396 176,072 Operating ExpensesResearch Development - - - - Selling General and Administrative145,628 136,668 139,071 144,612 Non Recurring55,894 216,627 44,344 132,922 Others - - - - Total Operating Expenses - - - - Operating Income or Loss(10,103)(216,058)(90,019)(101,462)Income from Continuing OperationsTotal Other Income/Expenses Net3,484 769 3,510 19,229 Earnings Before Interest And Taxes(6,610)(215,289)(86,509)(82,233)Interest Expense1,000 - - - Income Before Tax(7,610)(215,289)(86,509)(82,233)Income Tax Expense3,976 4,451 (27,909)5,011 Minority Interest - - - - Net Income From Continuing Ops(11,595)(219,740)(58,600)(87,244)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - -...Click here to read the whole Article (external link)