Technitrol Inc. (TNL, Financial) filed Quarterly Report for the period ended 2012-06-29.
Pulse Electronics Corp has a market cap of $635.43 million; its shares were traded at around $0 with a P/E ratio of 12. The dividend yield of Pulse Electronics Corp stocks is 2.4%.
Our RD&E spending as a percentage of sales in the quarter ended June 29, 2012 decreased primarily due to reduction in force actions taken in the prior year, partially offset by higher legal expenses incurred in connection with the patent lawsuit filed by Halo Electronics. During the three months ended June 29, 2012 and July 1, 2011, we incurred approximately $0.3 million and $0.1 million of legal expenses, respectively, related to this matter. Refer to further discussion in Note 8, Commitments and contingencies.
Gross profit. Our consolidated gross margin for the six months ended June 29, 2012 was 19.3% as compared to 22.3% for the six months ended July 1, 2011. The lower gross profit compared to the prior year reflects higher labor costs, lower pricing and volumes for Network and Power products, the unfavorable mix effect of the growth of lower-margin Wireless products, and ramp up costs and inefficiencies associated with the growth in our Wireless business. 20 Table of Contents Selling, general and administrative expenses. Total selling, general and administrative expenses decreased 11.7% in the six months ended June 29, 2012 compared to the prior year period. The decrease was primarily attributable to aggressive expense reduction actions and sustained scrutiny over all discretionary spending.
Gross profit. Our consolidated gross margin for the six months ended June 29, 2012 was 19.3% as compared to 22.3% for the six months ended July 1, 2011. The lower gross profit compared to the prior year reflects higher labor costs, lower pricing and volumes for Network and Power products, the unfavorable mix effect of the growth of lower-margin Wireless products, and ramp up costs and inefficiencies associated with the growth in our Wireless business.
Our RD&E spending as a percentage of sales in the period ended June 29, 2012 decreased primarily due to reduction in force actions taken in the prior year, as well as lower legal expenses incurred in connection with the patent lawsuit filed by Halo Electronics. During the six months ended June 29, 2012 and July 1, 2011, we incurred approximately $0.4 million and $0.7 million of legal expenses, respectively, related to this matter. Refer to further discussion in Note 8, Commitments and contingencies.
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Pulse Electronics Corp has a market cap of $635.43 million; its shares were traded at around $0 with a P/E ratio of 12. The dividend yield of Pulse Electronics Corp stocks is 2.4%.
Highlight of Business Operations:
Historically our gross margin has been affected by product mix and capacity utilization. The markets served by each of our segments are characterized by relatively short product life cycles, which causes significant turnover each year and, subsequently, frequent variations in the prices of products sold. Due to the constantly changing quantity of parts each segment offers and the frequent changes in our average selling prices, we cannot isolate the impact of changes in unit volume and unit prices on our net sales or gross margin in any given period. In addition, our operations are subject to changes in foreign exchange rates, especially the U.S. dollar as compared to the euro and Chinese renminbi, which affect our U.S. dollar reported results of operations. 16 Table of Contents We believe our focus on technology and other strategic investments, both internal and external, provides us opportunities for future growth in net sales and operating profit in all our segments. However, unfavorable economic and market conditions, as well as customer preferences, may result in a reduction in demand for our products, thus negatively impacting our financial performance. Also, we may divest portions of our business, close certain locations or complete other cost reduction programs to enable our management to focus on our core businesses and to improve our overall long-term financial performance.Our RD&E spending as a percentage of sales in the quarter ended June 29, 2012 decreased primarily due to reduction in force actions taken in the prior year, partially offset by higher legal expenses incurred in connection with the patent lawsuit filed by Halo Electronics. During the three months ended June 29, 2012 and July 1, 2011, we incurred approximately $0.3 million and $0.1 million of legal expenses, respectively, related to this matter. Refer to further discussion in Note 8, Commitments and contingencies.
Gross profit. Our consolidated gross margin for the six months ended June 29, 2012 was 19.3% as compared to 22.3% for the six months ended July 1, 2011. The lower gross profit compared to the prior year reflects higher labor costs, lower pricing and volumes for Network and Power products, the unfavorable mix effect of the growth of lower-margin Wireless products, and ramp up costs and inefficiencies associated with the growth in our Wireless business. 20 Table of Contents Selling, general and administrative expenses. Total selling, general and administrative expenses decreased 11.7% in the six months ended June 29, 2012 compared to the prior year period. The decrease was primarily attributable to aggressive expense reduction actions and sustained scrutiny over all discretionary spending.
Gross profit. Our consolidated gross margin for the six months ended June 29, 2012 was 19.3% as compared to 22.3% for the six months ended July 1, 2011. The lower gross profit compared to the prior year reflects higher labor costs, lower pricing and volumes for Network and Power products, the unfavorable mix effect of the growth of lower-margin Wireless products, and ramp up costs and inefficiencies associated with the growth in our Wireless business.
Our RD&E spending as a percentage of sales in the period ended June 29, 2012 decreased primarily due to reduction in force actions taken in the prior year, as well as lower legal expenses incurred in connection with the patent lawsuit filed by Halo Electronics. During the six months ended June 29, 2012 and July 1, 2011, we incurred approximately $0.4 million and $0.7 million of legal expenses, respectively, related to this matter. Refer to further discussion in Note 8, Commitments and contingencies.
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