MOLX » Topics » Transportation

These excerpts taken from the MOLX 10-K filed Aug 6, 2008.
Transportation
 
The following table provides an analysis of the change in net revenue compared with the prior fiscal year (in thousands):
 
                 
    2008     2007  
 
Net revenue for prior year
  $ 472,257     $ 424,740  
Components of net revenue increase (decrease):
               
Organic net revenue (decline) growth
    (3,171 )     39,565  
Currency translation
    29,055       7,952  
                 
Total change in net revenue from prior year
    25,884       47,517  
                 
Net revenue for current year
  $ 498,141     $ 472,257  
                 
Organic net revenue (decline) growth as a percentage of net revenue for prior year
    (0.7 )%     9.3 %
 
Transportation segment organic net revenue declined in fiscal 2008 but was offset entirely by foreign currency translation. Revenue was negatively impacted during the second half of fiscal 2008 due to a strike at a key supplier of one of our customers. The organic net revenue growth in fiscal 2007 was primarily due to new U.S. program wins and higher electronic content in vehicles.
 
The following table provides information on income from operations and operating margins for the periods indicated (in thousands):
 
                         
    2008     2007     2006  
 
Income from operations
  $ 15,356     $ 7,476     $ (4,472 )
Operating margin
    3.1 %     1.6 %     (1.1 )%
 
Segment operating income improved during the last three years due to higher gross margins resulting from cost reductions and more efficient use of capacity in connection with the restructuring activities that began in June 2007. Capacity utilization improved due to completion of the transition of manufacturing operations that was ongoing during the first half of fiscal 2007.
 
Transportation


 



The following table provides an analysis of the change in net
revenue compared with the prior fiscal year (in thousands):


 










































































































































                 

 

 

2008

 

 

2007

 
 


Net revenue for prior year


 

$

472,257

 

 

$

424,740

 


Components of net revenue increase (decrease):


 

 

 

 

 

 

 

 


Organic net revenue (decline) growth


 

 

(3,171

)

 

 

39,565

 


Currency translation


 

 

29,055

 

 

 

7,952

 

 

 

 

 

 

 

 

 

 


Total change in net revenue from prior year


 

 

25,884

 

 

 

47,517

 

 

 

 

 

 

 

 

 

 


Net revenue for current year


 

$

498,141

 

 

$

472,257

 

 

 

 

 

 

 

 

 

 


Organic net revenue (decline) growth as a percentage of net
revenue for prior year


 

 

(0.7

)%

 

 

9.3

%






 



Transportation segment organic net revenue declined in fiscal
2008 but was offset entirely by foreign currency translation.
Revenue was negatively impacted during the second half of fiscal
2008 due to a strike at a key supplier of one of our customers.
The organic net revenue growth in fiscal 2007 was primarily due
to new U.S. program wins and higher electronic content in
vehicles.


 



The following table provides information on income from
operations and operating margins for the periods indicated (in
thousands):


 

































































                         

 

 

2008

 

 

2007

 

 

2006

 
 


Income from operations


 

$

15,356

 

 

$

7,476

 

 

$

(4,472

)


Operating margin


 

 

3.1

%

 

 

1.6

%

 

 

(1.1

)%






 



Segment operating income improved during the last three years
due to higher gross margins resulting from cost reductions and
more efficient use of capacity in connection with the
restructuring activities that began in June 2007. Capacity
utilization improved due to completion of the transition of
manufacturing operations that was ongoing during the first half
of fiscal 2007.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Aug 6, 2008

RELATED TOPICS for MOLX:

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