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Microsemi Corp (MSCC.OQ)

MSCC.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Microsemi to close China manufacturing facility
Tuesday, 21 Mar 2017 04:02pm EDT 

Microsemi Corp : Microsemi to close china manufacturing facility . Microsemi Corp says no material impact on earnings for company is expected due to this closure .Microsemi Corp says planned closure of its manufacturing facility in China.  Full Article

Microsemi enters into an increase term Joinder no. 2 to credit agreement
Thursday, 26 Jan 2017 04:40pm EST 

Microsemi Corp - : On January 25, 2017 co entered into an increase term joinder no. 2 to credit agreement- SEC filing . Under agreement increase term joinder provides for, among other things, $235 million of incremental term B loans .Proceeds of incremental term B facility will be used to repay certain existing indebtedness.  Full Article

Microsemi reports Q1 earnings per share $0.17
Thursday, 26 Jan 2017 04:02pm EST 

Microsemi Corp : Microsemi reports first quarter 2017 results . Q1 non-GAAP earnings per share $0.86 . Q1 GAAP earnings per share $0.17 . Q1 earnings per share view $0.84 -- Thomson Reuters I/B/E/S . Sees Q2 2017 non-gaap earnings per share $0.86 to $0.96 . Sees Q2 2017 sales $430 million to $450 million .Q1 sales $435.5 million versus I/B/E/S view $435.3 million.  Full Article

Microsemi reports Q4 earnings per share of $0.42
Thursday, 10 Nov 2016 04:02pm EST 

Microsemi Corp : Microsemi corp says GAAP gross margin for Q4 of 2016 was 62.6 percent, up 940 basis points from 53.2 percent in Q4 of 2015 . Sees Q1 2017 non-GAAP earnings per share $0.82 to $0.90 . Microsemi Corp says non-GAAP gross margin for Q4 of 2016 was 62.6 percent, up 610 basis points from 56.5 percent in Q4 of 2015 . Q1 earnings per share view $0.85, revenue view $433.8 million -- Thomson Reuters I/B/E/S . Microsemi reports fourth quarter and fiscal year 2016 results . Q4 GAAP earnings per share $0.42 . Q4 earnings per share view $0.88 -- Thomson Reuters I/B/E/S . Q4 sales $450.1 million versus I/B/E/S view $448.1 million .Sees Q1 2017 sales $428 million to $442 million.  Full Article

Microsemi Q3 GAAP earnings per share $1.00
Thursday, 28 Jul 2016 04:02pm EDT 

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 07:00am EDT 

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
Thursday, 28 Apr 2016 04:02pm EDT 

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
Wednesday, 23 Mar 2016 04:01pm EDT 

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
Thursday, 28 Jan 2016 04:03pm EST 

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
Thursday, 7 Jan 2016 05:10pm EST 

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

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BRIEF-Microsemi enters into an increase term Joinder no. 2 to credit agreement

* On January 25, 2017 co entered into an increase term joinder no. 2 to credit agreement- SEC filing