Harman International Reports Third Quarter FY 2009 Results

* STEP Change cost-savings program on track to improve profitability
* $270 million revolving credit facility amended and extended 18 months through
2011
* Successful launch of record number of automotive platforms and new product
introductions

STAMFORD, Conn.--(Business Wire)--
Harman International Industries, Incorporated (NYSE: HAR) today announced
results for the third quarter ended March 31, 2009. Net sales for the third
quarter were $598 million, a 42 percent decrease compared to $1.033 billion for
the same period last year. Loss per diluted share in the third quarter was
($1.09) compared to a loss of ($0.06) in the same period last year. Excluding
restructuring, merger-related costs and goodwill impairment charges, non-GAAP
loss per diluted share was ($0.84) for the third quarter compared to non-GAAP
earnings of $0.31 for the same period last year.

"Due to the unprecedented downturn in the automotive industry which represents
seventy percent of our business, we are continuing our aggressive actions for
sustainable cost reduction and prudent cash management, including the reduction
of more than 2,000 jobs during this fiscal year," said Dinesh C. Paliwal,
Chairman and CEO. "We believe that our amended and extended $270 million credit
facility provides adequate liquidity to support our operations and to execute on
our STEP Change cost-savings program. These efforts and our continued investment
in and introduction of new cutting-edge products and technology will help Harman
emerge from this downturn as a strong competitor."

"In spite of these challenges, we are pleased to confirm that we have already
successfully launched 12 of 13 new automotive audio and infotainment platforms
since the beginning of fiscal year 2008," Paliwal continued. "This is
particularly noteworthy during a time of aggressive restructuring and is a
testament to the commitment of our people. By delivering on time and on quality
during this economic crisis, we have earned the confidence of our customers
while securing a future stream of revenues."

FY 2009 Q3 Key Figures - Total Company Three Months Ended March 31 Nine Months Ended March 31
Increase (Decrease) Increase (Decrease)
$ millions (except per share data) Q3 09 Q3 08 Including Currency Changes Excluding Currency Changes2 Q3 09 Q3 08 Including Currency Changes Excluding Currency
Changes2
Net sales 598 1,033 (42%) (37%) 2,223 3,045 (27%) (24%)
Gross profit 113 261 (57%) (53%) 532 827 (36%) (34%)
Percent of net sales 18.9% 25.3% 23.9% 27.2%
Operating income (loss) (89) (7) n.m. n.m. (423) 96 n.m. n.m.
Percent of net sales (14.8%) (0.6%) (19.0%) 3.1%
Net Income (loss) (64) (3) n.m. n.m. (358) 76 n.m. n.m.
Diluted earnings (loss) per share (1.09) (0.06) (6.11) 1.20

Restructuring-related costs 18 33 54 34
Merger-related costs 0 0 0 14
Goodwill impairment charge 2 0 328 0
Gross profit1 113 261 (57%) (53%) 540 827 (35%) (33%)
Percent of net sales1 18.9% 25.3% 24.3% 27.2%
Operating income (loss)1 (68) 27 n.m n.m. (41) 144 n.m. n.m.
Percent of net sales1 (11.3%) 2.6% (1.8%) 4.7%
Net Income (loss)1 (49) 19 n.m. n.m. (29) 107 n.m. n.m.
Diluted earnings (loss) per share1 (0.84) 0.31 (0.50) 1.68
Shares outstanding - diluted (in millions) 59 61 59 63
1,2 A non-GAAP measure, see reconciliations of non-GAAP measures later in this release.

n.m. = Not Meaningful

Summary of Operations

Net sales for the quarter ended March 31, 2009 were $598 million, a 42 percent
decrease compared to the prior year period. All three segments reported lower
sales compared to the same period in the prior year. Exclusive of changes in
foreign currency translation, net sales were 37 percent lower than the same
period in the prior year. The Company experienced lower net sales as a result of
deterioration in overall economic conditions within the automotive, consumer,
and professional markets.

Gross margin on a non-GAAP basis decreased by 6.4 percentage points to 18.9
percent for the quarter ended March 31, 2009 compared to 25.3 percent of sales
in the same period last year. The decline stemmed primarily from the Automotive
Division where gross margin on a non-GAAP basis was 12.9 percent compared to
22.6 percent in the same period last year. The Automotive margin decline was due
to several factors including new product generation at several major OEM
customers having its lowest contribution margin at the beginning of its
lifecycle, an earlier decision by Mercedes-Benz to dual-source its Infotainment
business and under-absorption of production resources as sales volumes declined
faster than cost savings could be realized.

SG&A expense on a non-GAAP basis decreased $53.2 million compared to the same
period in the prior year ($181 million vs. $234 million), of which $18.6 million
was due to foreign currency translation. This decrease reflects the benefits
from the Company`s STEP Change cost savings program and additional cost control
measures. Engineering, a significant component of SG&A, decreased to $79.4
million for the quarter ended March 31, 2009 compared to $104.1 million in the
same period last year. Of the total $24.7 million reduction, $10.3 million was
due to foreign currency translation.

Operating loss of ($67.9) million on a non-GAAP basis compares to operating
income of $26.8 million in the same period last year. On a GAAP basis, operating
loss for the quarter ended March 31, 2009 was ($88.7) million compared to an
operating loss of ($6.6) million in the same period last year. During the three
months ended March 31, 2009, the Company incurred $18.5 million of restructuring
expenses, primarily in support of the STEP Change cost savings program.

We believe the Company`s liquidity position is sufficient to support our
operations. At March 31, 2009, the cash and cash equivalents balance was $334
million compared to $131 million for the same period last year. The increase in
cash is primarily the result of a $200 million draw-down from the Company`s
revolving credit facility compared to the same period last year. The Company`s
recently amended revolving credit facility and $400 million senior convertible
note indenture each contain provisions that limit the Company`s ability to incur
additional debt.

The Company is indefinitely suspending its cash dividend effective as of the
third quarter ended March 31, 2009 in order to conserve liquidity during this
period of severe economic downturn.

Strategic Initiatives

The Company announced that it has successfully renegotiated its revolving credit
facility. The amended credit facility extends maturity of the borrowings from
June 28, 2010 to December 31, 2011 and decreases the amount available for
borrowing from $300 million to $270 million. A summary of the terms of the
amended credit agreement are available in the Company`s 8-K filing dated April
3, 2009.

Harman continues to execute its STEP Change cost-savings program on schedule.
The program is ahead of target year-to-date with $150 million in savings
achieved through March 31, 2009.

By the close of the current fiscal year, the Company will have eliminated more
than 2,000 jobs, primarily in high cost countries, representing nearly 20% of
its workforce. More than 1,800 of these reductions have been implemented through
March 31, 2009, including capacity-related actions. Concurrently, the Company is
adding some capacity in high-growth emerging markets as part of its global
footprint optimization.

To control costs, the Company is maintaining tough expense controls and higher
hurdle rates for capital project approval. Expense controls include a hiring
freeze, a 30% reduction in travel expenses, shortened work weeks in various
factories, and suspension of company matching 401(k) contributions.

"It is clear that we have continued hard work ahead," said Dinesh Paliwal.
"While we cannot control the current economic environment, we responded early
and we will continue to execute on our proven strategies both to weather the
downturn and to emerge as a strong competitor. We expect to reap the rewards of
pent-up market demand once an economic recovery is underway."

Investor Call on April 29, 2009

NOTE: For reference during its analyst and investor conference call,the Company
has posted a set of informational slides on its web site at www.harman.com and
accompanying this press release on www.businesswire.com.

At 4:40 p.m. EDT today, Harman's management will host an analyst and investor
conference call to discuss the third quarter results. Those who wish to
participate in the call should dial (800) 700-7860 (US) or +1 (612) 288-0329
(International), and reference Harman International.

A replay of the call will also be available following the completion of the call
at approximately 6:40 p.m. EDT. The replay will be available through May 13,
2009. To listen to the replay, dial (800) 475-6701 (US) or +1 (320) 365-3844
(International), Access Code: 997165. AT&T will also web-cast the presentation.

The web-cast can be accessed at http://65.197.1.15/att/confcast, enter the
Conference ID 997165 and type GO. There will also be a link to the web-cast at
www.harman.com. Participation through the web-cast will be in listen-only mode.
If you require technical assistance, call the toll-free AT&T Conference Casting
Support Help Line at (888) 793-6118 (US) or +1 (678) 749-8002 (International).

General Information

Harman International (www.harman.com) designs, manufactures and markets a wide
range of audio and infotainment products for the automotive, consumer and
professional markets. The Company maintains a strong presence in the Americas,
Europe and Asia and employs approximately 10,500 people worldwide. The Harman
International family of brands spans some 15 leading names including AKG®,
Audioaccess®, Becker®, BSS®, Crown®, dbx®, DigiTech®, Harman Kardon®, Infinity®,
JBL®, Lexicon®, Mark Levinson®, Revel®, QNX®, Soundcraft® and Studer®. The
Company`s stock is traded on the New York Stock Exchange under the Symbol HAR.

A reconciliation of the non-GAAP measures included in this press release to the
most comparable GAAP measures is provided in the tables contained at the end of
this press release. Harman does not intend for this information to be considered
in isolation or as a substitute for other measures prepared in accordance with
GAAP.

Forward-Looking Information

Except for historical information contained herein, the matters discussed are
forward-looking statements within the meaning of Section 21E of the Securities
Exchange Act.One should not place undue reliance on these statements.We base
these statements on particular assumptions that we have made in light of our
industry experience, as well as our perception of historical trends, current
market conditions, current economic data, expected future developments and other
factors that we believe are appropriate under the circumstances.These statements
involve risks and uncertainties that could cause actual results to differ
materially from those suggested in the forward-looking statements, including but
not limited to (1) our ability to successfully implement our strategic
initiatives, including our STEP Change cost reduction initiative, and to achieve
the intended benefits and anticipated savings of those initiatives; (2) changes
in consumer confidence and spending and worsening economic conditions in the
U.S. and Europe; (3) valuation of certain assets, including goodwill,
investments and deferred tax assets, considering recent market conditions; (4) a
change in interest rates and availability of financing affecting consumer
spending; (5) automobile industry sales and production rates; (6)our ability to
effectively implement our restructuring programs and to realize the intended
benefits of these programs; (7) fluctuations in currency exchange rates; (8) the
bankruptcy or financial deterioration of one or more of our customers or
suppliers; (9) the loss of one or more significant customers, including our
automotive customers; (10) model-year changeovers and customer acceptance in the
automotive industry; (11) our ability to satisfy contract performance criteria
at expected profit margins; (12) availability of key components for the products
we manufacture; (13) customer acceptance of our consumer and professional
products; (14) competition in the automotive, consumer or professional markets
in which we operate, including pricing pressures for our products; (15) the
outcome of pending or future litigation and other claims, including, but not
limited to the current stockholder and ERISA lawsuits or any claims or
litigation arising out of our business, labor disputes at our facilities and
those of our customers or common carriers; (16) warranty obligations for defects
in our products; (17) work stoppages at our facilities or affecting our
customers or suppliers; (18) our ability to comply with financial or other
covenants in our credit agreements; and (19) other risks detailed in Harman
International`s Annual Report on Form 10-K for the fiscal year ended June 30,
2008 and other filings made by Harman International with the Securities and
Exchange Commission.We undertake no obligation to publicly update or revise any
forward-looking statement.

APPENDIX

Automotive Division

FY 2009 Q3 Key Figures - Automotive Three Months Ended March 31 Nine Months Ended March 31
Increase (Decrease) Increase (Decrease)
$ millions Q3 09 Q3 08 Including Currency Changes Excluding Currency Changes2 Q3 09 Q3 08 Including Currency Changes Excluding Currency Changes2
Net sales 405 759 (47%) (41%) 1,539 2,152 (29%) (26%)
Gross profit 52 171 (70%) (66%) 307 531 (42%) (40%)
Percent of net sales 12.9% 22.6% 19.9% 24.7%
Operating income (loss) (80) 5 n.m. n.m. (380) 83 n.m. n.m.
Percent of net sales (19.8%) 0.6% (24.7%) 3.9%

Restructuring-related costs 15 19 31 19
Goodwill impairment charge 2 0 292 0
Gross profit1 52 172 (70%) (66%) 314 531 (41%) (39%)
Percent of net sales1 12.9% 22.6% 20.4% 24.7%
Operating income (loss)1 (63) 24 n.m. n.m. (56) 103 n.m. n.m.
Percent of net sales1 (15.5%) 3.1% (3.7%) 4.8%
1,2 A non-GAAP measure, see reconciliations of non-GAAP measures later in this release.
Note: Prior year segment results reflect restatement of QNX business into Other.
n.m. = Not Meaningful

Automotive net sales for the quarter ended March 31, 2009 decreased $354
million, or 47 percent compared to the same period last year. Foreign currency
translation had a negative impact on net sales of $72.6 million during the
quarter. Sales were impacted by lower production volumes and extended plant shut
downs by some major automakers.

Automotive gross margin on a non-GAAP basis was 12.9 percent compared to 22.6
percent in the same period last year. The Automotive margin decline was due to
several factors including production under absorption and lower contribution
margin related to the ramp up of new infotainment product launches. The Company
anticipates that margins on the next-generation infotainment products will
improve over time as these platforms mature, allowing for greater cost and
productivity efficiencies. Step Change programs focused on sustainable
productivity improvements are establishing a more competitive production cost
base and greater benefits will be realized once automotive demand improves. On a
year-over-year comparative basis, the impact of under-absorption due to lower
sales volumes for the quarter ended March 31, 2009 was partially offset by lower
warranty related expenses.

Automotive SG&A expense on a non-GAAP basis decreased $32.8 million compared to
the prior year ($115 million vs. $148 million), of which $14.8 million was due
to foreign currency translation.

The Automotive division continues to execute on its record number of major
platform projects, including the launch of its premium infotainment system for
the all-new Porsche Panamera and its second complete infotainment and audio
system on Hyundai`s new luxury flagship "Equus" in Korea. A new high-end
navigation system was successfully launched for PSA/Peugeot, covering the
Citroen C5, Peugeot 308 and new Peugeot 3008 small SUV. Underscoring the success
of these introductions, The Harman Automotive Division was selected by BMW to
supply Harman Kardon branded audio systems across its MINI car line. The new BMW
flagship 7-Series, which launched recently with Harman infotainment systems, was
named the world`s most technologically advanced new vehicle for 2009 by leading
analyst iSuppli.

Two significant technology initiatives were unveiled during the quarter by the
Harman Automotive Division. The company`s GreenEdge technology, which combines
exceptional energy efficiency without compromising performance, was introduced
at the Geneva Motor Show in cooperation with Intel and leading concept car
pioneer Rinspeed. The Company also announced an exclusive partnership with Lotus
Engineering to develop Active Noise Management applications including noise
propagation technologies for electric cars to improve pedestrian safety.

Consumer Division

FY 2009 Q3 Key Figures - Consumer Three Months Ended March 31 Nine Months Ended March 31
Increase (Decrease) Increase (Decrease)
$ millions Q3 09 Q3 08 Including Currency Changes Excluding Currency Changes2 Q3 09 Q3 08 Including Currency Changes Excluding Currency Changes2
Net sales 72 113 (36%) (32%) 298 416 (28%) (27%)
Gross profit 16 24 (33%) (27%) 70 100 (30%) (28%)
Percent of net sales 22.3% 21.0% 23.6% 24.1%
Operating income (loss) (7) (13) 44% 41% (33) 1 n.m. n.m.
Percent of net sales (10.3%) (11.8%) (11.1%) 0.2%

Restructuring-related costs 0 6 6 6
Goodwill impairment charge 0 0 23 0
Gross profit1 16 24 (33%) (27%) 70 100 (30%) (28%)
Percent of net sales1 22.3% 21.0% 23.6% 24.1%
Operating income (loss)1 (7) (7) 0% 3% (5) 7 n.m. n.m.
Percent of net sales1 (10.0%) (6.4%) (1.6%) 1.7%
1,2 A non-GAAP measure, see reconciliations of non-GAAP measures later in this release.
n.m. = Not Meaningful

Consumer net sales for the quarter ended March 31, 2009 decreased $40.9 million,
or 36 percent, compared to the same period last year. Foreign currency
translation had a negative impact on net sales of $7.4 million during the
quarter. The decline in net sales from the same period in the prior year is
primarily attributable to poor economic conditions in the US and Europe.

Consumer gross margin on a non-GAAP basis increased 1.3 percentage points for
the quarter ended March 31, 2009 compared to the same period last year. The
increase in gross margin reflects the company`s strategy to focus on
differentiated, high valued added products.

Consumer SG&A expense on a non-GAAP basis decreased $7.7 million compared to the
same period in the prior year ($23 million vs. $31 million), primarily due to
the effect of restructuring projects and favorable foreign currency translation.

The JBL luxury speaker series Project K2 S9900 was launched in February to an
audience of dealers and journalists. More than $1 million in sales were recorded
during the first month of release, amidst strong market response including a
cover feature from Japan`s most prestigious audio magazine.

Harman Consumer also announced a partnership with style leader Roxy to introduce
a new market category of fashion headphones and portable audio products
co-branded with JBL. The first products will include a line of co-branded
headphones in fashion colors launched in the third quarter of 2009. The
Company`s JBL Control Now Speaker and AKG Headphones K420 and K450 received the
international "Red Dot" product design award from Germany`s design center
Nordrhein Westfalen. The Harman products were selected from among more than 3200
nominations spanning 1400 suppliers from 50 countries.

Professional Division

FY 2009 Q3 Key Figures - Professional Three Months Ended March 31 Nine Months Ended March 31
Increase (Decrease) Increase (Decrease)
$ millions Q3 09 Q3 08 Including Currency Changes Excluding Currency Changes2 Q3 09 Q3 08 Including Currency Changes Excluding Currency Changes2
Net sales 112 150 (26%) (23%) 357 447 (20%) (18%)
Gross profit 39 59 (33%) (31%) 136 175 (22%) (21%)
Percent of net sales 35.2% 39.1% 38.1% 39.1%
Operating income 8 16 (50%) (49%) 35 59 (41%) (42%)
Percent of net sales 7.2% 10.6% 9.7% 13.3%

Restructuring-related costs 3 6 10 6
Goodwill impairment charge 0 0 0 0
Gross profit1 39 59 (33%) (31%) 137 175 (22%) (21%)
Percent of net sales1 35.0% 39.1% 38.3% 39.1%
Operating income1 11 22 (48%) (47%) 45 65 (32%) (32%)
Percent of net sales1 10.3% 14.5% 12.5% 14.6%
1,2 A non-GAAP measure, see reconciliations of non-GAAP measures later in this release.

Professional net sales for the quarter ended March 31, 2009 decreased $38.6
million, or 26 percent compared to the same period last year. Foreign currency
translation had a negative impact on net sales of $6.1 million during the
quarter. The decrease in sales compared to the same period last year was
primarily due to poor economic conditions.

Professional gross margin on a non-GAAP basis declined 4.1 percentage points for
the quarter ended March 31, 2009 compared to the same period in the prior year.
The decrease is primarily attributable to under-absorption.

Professional SG&A expense on a non-GAAP basis decreased $9.2 million ($28
million vs. $37 million), due to tight cost controls implemented across all
business units.

Harman Professional began shipments during the quarter of its new ScreenArray
cinema system, featuring JBL speaker arrays actively powered by Crown I-Tech HD
amplifiers. Global motion picture exhibitor Cinemark has outfitted its new XD3
large-screen digital format concept with the system. Leading tour sound provider
Sound Image has ordered more than 800 I-Tech HD amplifiers, putting some 10
million watts of new power on the road for leading performing artists.

More than 50 new Harman Pro products were introduced at trade shows in the US
and Europe during the quarter, including the world`s largest annual gathering of
music professionals at Prolight + Sound / Musikmesse in Frankfurt, Germany.
Introductions included two category-leading Crown amplifiers, new dbx signal
processing, and AKG professional microphones. The new products leverage Harman`s
robust HiQnet protocol which offers sound professionals exceptional ease of
installation and control for large sound reinforcement systems.

Harman Professional products shared the stage at such noted third quarter events
as the US Presidential Inauguration, Super Bowl XLIII, the NBA All-Star Game,
Grammy Awards and Academy Awards. New Harman systems performed for opening-day
crowds this month at the new Yankees and Mets baseball stadiums in New York as
well as the Baltimore Orioles` Camden Yards stadium.

Other (QNX and Corporate)

FY 2009 Q3 Key Figures - Other Three Months Ended March 31 Nine Months Ended March 31
Increase (Decrease) Increase (Decrease)
$ millions Q3 09 Q3 08 Including Currency Changes Excluding Currency Changes2 Q3 09 Q3 08 Including Currency Changes Excluding Currency Changes2
Net sales 10 11 (11%) (11%) 29 30 (5%) (4%)
Gross profit 6 7 (19%) (18%) 19 21 (9%) (9%)
Percent of net sales 61.6% 67.4% 64.6% 67.9%
Operating income (loss) (9) (14) 35% 35% (45) (48) 7% 7%
Percent of net sales (97%) (131%) (155%) (159%)

Restructuring-related costs 0 3 8 3
Merger-related costs 0 0 0 14
Goodwill impairment charge 0 0 13 0
Gross profit1 6 7 (19%) (18%) 19 21 (9%) (9%)
Percent of net sales1 61.6% 67.4% 64.6% 67.9%
Operating income (loss)1 (9) (11) 19% 19% (24) (32) 23% 23%
Percent of net sales1 (98%) (107%) (84%) (105%)
1,2 A non-GAAP measure, see reconciliations of non-GAAP measures later in this release.

SG&A expense for QNX and Corporate on a non-GAAP basis decreased $3.5 million
compared to the same period last year. The decrease was due to lower stock
option and bonus expense.

Harman`s QNX Software Systems unit announced the launch of its new Connected
Automotive Reference (CAR) program for the automotive market. The new program
integrates embedded QNX products with third party technologies to deliver
advanced automotive applications. QNX is featured as a premier software provider
in the NG Connect Program by Alcatel-Lucent who cited the collaboration to build
"cutting edge technologies and services to reshape the way people communicate
and interact." The QNX unit announced new design wins across several industries
including automotive (Visteon/Ford), public transit (equipping 3500 buses for
Singapore Land Transport Authority), and optical networking (Infinera
Corporation).

HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED
GAAP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(000s omitted except per shareamounts)
(unaudited)

Three Months Ended Nine Months Ended
March 31, March 31,
2009 2008 2009 2008
Net sales $ 598,282 1,032,668 2,223,347 3,045,240
Cost of sales 484,987 771,535 1,691,265 2,218,408
Gross profit 113,295 261,133 532,082 826,832

Selling, general and
administrative expenses 199,662 267,734 627,090 731,153
Goodwill impairment 2,341 - 327,786 -
Operating income (loss) (88,708 ) (6,601 ) (422,794 ) 95,679

Other expenses:
Interest expense, net 1,580 1,631 728 5,948
Miscellaneous, net 723 1,792 1,751 3,445
Income (loss) before
income taxes (91,011 ) (10,024 ) (425,273 ) 86,286

Income tax expense (27,100 ) (7,273 ) (67,700 ) 10,980
(benefit)
Minority interest --- 598 (34 ) (754 )
Net income (loss) $ (63,911 ) (3,349 ) (357,539 ) 76,060

Basic earnings (loss) $ (1.09 ) (0.06 ) (6.11 ) 1.22
per share
Diluted earnings (loss) $ (1.09 ) (0.06 ) (6.11 ) 1.20
per share

Shares outstanding - Basic 58,568 60,086 58,544 62,474
Shares outstanding - Diluted 58,568 60,086 58,544 63,315

HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED
CONDENSED CONSOLIDATED BALANCE SHEETS
(000s omitted)
(unaudited)

March 31, March 31,
2009 2008
ASSETS
Current assets
Cash and cash equivalents $ 334,321 $ 131,261
Accounts receivable 387,659 586,715
Inventories 384,090 425,914
Other current assets 234,741 243,286
Total current assets 1,340,811 1,387,176

Property, plant and equipment 515,099 633,646
Goodwill 79,790 441,487
Other assets 344,669 290,481

Total assets $ 2,280,369 $ 2,752,790

LIABILITIES AND SHAREHOLDERS` EQUITY
Current liabilities
Current portion of long-term debt $ 571$ 633
Accounts payable 201,858 291,633
Accrued liabilities 452,516 539,397
Total current liabilities 654,945 831,663

Borrowings under revolving credit facility 260,112 60,000
Long-term debt 401,611 402,457
Other non-current liabilities 135,220 159,875

Total shareholders` equity 828,481 1,298,795

Total liabilities and shareholders` equity $ 2,280,369 $ 2,752,790

HARMAN INTERNATIONAL INDUSTRIES,INCORPORATED
CONDENSED CONSOLIDATED STATEMENTSOF OPERATIONS AND
RECONCILIATION OF GAAP TO NON-GAAP RESULTS
(000s omitted except per share amounts)
(unaudited)

Three Months Ended
March 31, 2009
GAAP Adjustments Non-GAAP
Net sales $ 598,282 --- 598,282
Cost of sales 484,987 (66 ) (a) 484,921
Gross profit 113,295 66 113,361

Selling, general and
Administrative expenses 199,662 (18,418 ) (b) 181,244
Goodwill impairment 2,341 (2,341 ) (c) ---
Operating income (loss) (88,708 ) 20,825 (67,883 )

Other expenses:
Interest expense, net 1,580 --- 1,580
Miscellaneous, net 723 --- 723
Income (loss) before income taxes (91,011 ) 20,825 (70,186 )

Income tax (benefit) expense (27,100 ) 6,285 (20,815 )
Minority interest --- --- ---
Net income (loss) $ (63,911 ) 14,540 (49,371 )

Basic earnings (loss) per share $ (1.09 ) (0.84 )
Diluted earnings (loss) per share $ (1.09 ) (0.84 )

Shares outstanding - Basic 58,568 58,568
Shares outstanding - Diluted 58,568 58,568

(a)Restructuring charges in Cost of Sales in the amount of $66 thousand were
recorded during the third quarter of fiscal 2009.These charges were related to
accelerated depreciation due to closure of manufacturing facilities.

(b)Restructuring charges in SG&A in the amount of $18.4 million were recorded
during the third quarter of fiscal 2009.These charges were taken to increase
efficiency in manufacturing, engineering and administrative functions.

(c)A goodwill impairment charge of $2.3 million was incurred during the third
quarter.

Harman International has provided a reconciliation of non-GAAP measures in order
to provide the users of these financial statements with a better understanding
of our restructuring and goodwill impairment charges incurred during the third
quarter of fiscal 2009.These non-GAAP measures are not measurements under
accounting principles generally accepted in the United States.These measurements
should be considered in addition to, but not as a substitute for, the
information contained in our consolidated financial statements prepared in
accordance with US GAAP.

HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
RECONCILIATION OF GAAP TO NON-GAAPRESULTS
(000s omitted except per share amounts)
(unaudited)

Nine Months Ended
March 31, 2009

GAAP Adjustments Non-GAAP
Net sales $ 2,223,347 --- 2,223,347
Cost of sales 1,691,265 (7,861) (a) 1,683,404
Gross profit 532,082 7,861 539,943

Selling, general and
Administrative expenses 627,090 (46,354) (b) 580,736
Goodwill impairment 327,786 (327,786) (c) ---
Operating income (422,794) 382,001 (40,793)

Other expenses:
Interest expense, net 728 --- 728
Miscellaneous, net 1,751 --- 1,751
Income before income taxes (425,273) 382,001 (43,272)

Income tax expense (67,700) 53,930 (13,770)
Minority interest (34) --- (34)
Net income (357,539) 328,071 (29,468)

Basic earnings (loss) per share $ (6.11) (0.50)
Diluted earnings (loss) per share $ (6.11) (0.50)

Shares outstanding - Basic 58,544 58,544
Shares outstanding - Diluted 58,544 58,544

(a)Restructuring charges in Cost of Sales in the amount of $7.9 million were
recorded during the first nine months of fiscal 2009.These charges were
primarily related to accelerated depreciation due to closure of manufacturing
facilities.

(b)Restructuring charges in SG&A in the amount of $46.4 million were recorded
during the first nine months of fiscal 2009.These charges were taken to increase
efficiency in manufacturing, engineering and administrative functions.

(c)Goodwill impairment charges totaling $327.8 million were incurred during the
first nine months of fiscal 2009.

Harman International has provided a reconciliation of non-GAAP measures in order
to provide the users of these financial statements with a better understanding
of our restructuring and goodwill impairment charges incurred during the first
nine months of fiscal 2009.These non-GAAP measures are not measurements under
accounting principles generally accepted in the United States.These measurements
should be considered in addition to, but not as a substitute for, the
information contained in our consolidated financial statements prepared in
accordance with US GAAP.

HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
RECONCILIATION OF GAAP TO NON-GAAP RESULTS
(000s omitted except per share amounts)
(unaudited)

Three Months Ended
March 31, 2008

GAAP Adjustments Non-GAAP
Net sales $ 1,032,668 --- 1,032,668
Cost of sales 771,535 (176) (a) 771,359
Gross profit 261,133 176 261,309

Selling, general and
administrative expenses 267,734 (33,250) (b) 234,484
Operating income (loss) (6,601) 33,426 26,825

Other expenses:
Interest expense, net 1,631 --- 1,631
Miscellaneous, net 1,792 --- 1,792
Income (loss) before (10,024) 33,426 23,402
income taxes

Income tax expense (7,273) 11,365 4,092
(benefit), net
Minority interest 598 --- 598
Net income (loss) $ (3,349) 22,061 18,712

Basic earnings (loss) $ (0.06) 0.31
per share
Diluted earnings (loss) $ (0.06) 0.31
per share

Shares outstanding - Basic 60,086 60,086
Shares outstanding - Diluted 60,086 60,686

(a)Restructuring charges in Cost of Sales in the amount of $176 thousand were
recorded during the third quarter of fiscal 2008.These charges were related to
accelerated depreciation due to closure of manufacturing facilities.

(b)Restructuring charges in the amount of $33.3 million were recorded during the
third quarter to increase efficiency in manufacturing, engineering and
administrative operations.

Harman International has provided a reconciliation of non-GAAP measures in order
to provide the users of the financial statements accompanying this press release
with a better understanding of our restructuring charges incurred during the
third quarter of fiscal 2008.These non-GAAP measures are not measurements under
accounting principles generally accepted in the United States.These measurements
should be considered in addition to, but not as a substitute for, the
information contained in our consolidated financial statements prepared in
accordance with US GAAP.

HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
RECONCILIATION OF GAAP TO NON-GAAP RESULTS
(000s omitted except per share amounts)
(unaudited)

Nine Months Ended
March31, 2008

GAAP Adjustments Non-GAAP
Net sales $ 3,045,240 --- 3,045,240
Cost of sales 2,218,408 (176) (a) 2,218,232
Gross profit 826,832 176 827,008

Selling, general and
administrative expenses 731,153 (47,800) (b) 683,353
Operating income 95,679 47,976 143,655

Other expenses:
Interest expense, net 5,948 --- 5,948
Miscellaneous, net 3,445 --- 3,445
Income before income taxes 86,286 47,976 134,262

Income tax expense, net 10,980 17,452 28,432
Minority interest (754) --- (754)
Net income $ 76,060 30,524 106,584

Basic earnings per share $ 1.22 1.71
Diluted earnings per share $ 1.20 1.68

Shares outstanding - Basic 62,474 62,474
Shares outstanding - Diluted 63,315 63,315

(a)Restructuring charges in Cost of Sales in the amount of $176 thousand were
recorded during the first nine months of fiscal 2008.These charges were
primarily related to accelerated depreciation due to closure of manufacturing
facilities.

(b)During the nine months ended March 31, 2008, restructuring charges in the
amount of $34.0 million were recorded to increase efficiency in manufacturing,
engineering and administrative operations.Additionally, $13.8 million in merger
costs, principally investment banking and professional fees, related to our
terminated merger agreement with affiliates of Kohlberg Kravis Roberts & Co.
L.P. and GS Capital Partners were recorded in the nine months ended March 31,
2008.

Harman International has provided a reconciliation of non-GAAP measures in order
to provide the users of the financial statements accompanying this press release
with a better understanding of our restructuring and merger related costs
incurred during the first nine months of fiscal 2008.These non-GAAP measures are
not measurements under accounting principles generally accepted in the United
States.These measurements should be considered in addition to, but not as a
substitute for, the information contained in our consolidated financial
statements prepared in accordance with US GAAP.

HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED
RECONCILIATION OF NON-GAAP MEASURES EXCLUDING EFFECT OF FOREIGN CURRENCY
TRANSLATION
($000s Omitted)

Three Months Ended Increase
March 31,
2009 2008 (Decrease)
Net sales 598,282 1,032,668 (42%)
Effect of foreign currency translation1 - (86,117)
Net sales, excluding effect of foreign currency 598,282 946,551 (37%)
translation

Operating income (loss) (88,708) (6,601) n.m.
Effect of foreign currency translation1 - 186
Operating income (loss), excluding effect of (88,708) (6,415) n.m.
foreign currency translation

Net income (loss) (63,911) (3,349) n.m.
Effect of foreign currency translation1 - (3,461)
Net income (loss), excluding effect of foreign (63,911) 112 n.m.
currency translation

12008 actual results translated at 2009 foreign exchange rates.

Harman International has provided a reconciliation of the non-GAAP measures in
the table above to provide the users of the financial statements accompanying
this press release with a better understanding of the Company`s
performance.Because changes in currency exchange rates affect our reported
financial results, we show the rates of change both including and excluding the
effect of these changes in exchange rates.We encourage readers of our financial
statements to evaluate our financial performance excluding the impact of foreign
currency translation.These non-GAAP measures are not measurements under
accounting principles generally accepted in the United States.This measurement
should be considered in addition to, but not as a substitute for, the
information contained in our consolidated financial statements prepared in
accordance with US GAAP.

HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED

RECONCILIATION OF NON-GAAP MEASURES EXCLUDING EFFECT OF FOREIGN CURRENCY
TRANSLATION

($000s Omitted)

Nine Months Ended Increase
March 31,
2009 2008 (Decrease)
Net sales 2,223,347 3,045,240 (27%)
Effect of foreign currency translation1 - (104,532)
Net sales, excluding effect of foreign currency 2,223,347 2,940,708 (24%)
translation

Operating income (loss) (422,794) 95,679 n.m.
Effect of foreign currency translation1 - (1,825)
Operating income (loss), excluding effect of (422,794) 93,854 n.m.
foreign currency translation

Net income (loss) (357,539) 76,060 n.m.
Effect of foreign currency translation1 - 2,498
Net income (loss), excluding effect of foreign (357,539) 78,558 n.m.
currency translation

12008 actual results translated at 2009 foreign exchange rates.

Harman International has provided a reconciliation of the non-GAAP measures in
the table above to provide the users of the financial statements accompanying
this press release with a better understanding of the Company`s
performance.Because changes in currency exchange rates affect our reported
financial results, we show the rates of change both including and excluding the
effect of these changes in exchange rates.We encourage readers of our financial
statements to evaluate our financial performance excluding the impact of foreign
currency translation.These non-GAAP measures are not measurements under
accounting principles generally accepted in the United States.This measurement
should be considered in addition to, but not as a substitute for, the
information contained in our consolidated financial statements prepared in
accordance with US GAAP.

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Harman International Industries, Incorporated
Robert V. Lardon, 203-328-3517
Vice President, Investor Relations
robert.lardon@harman.com

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