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plantronics inc (PLT) Key Developments

Plantronics, Inc., Board Meeting, Aug 27, 2014

Plantronics, Inc., Board Meeting, Aug 27, 2014. Agenda: To approve interim dividend.

Plantronics Announces BackBeat PRO

Plantronics announced BackBeat PRO, wireless active noise-cancelling headphones with battery power to outlast the playlist. The latest addition to its award-winning BackBeat stereo product family, the over-the-ear BackBeat PRO headphones offer Plantronics signature audio performance and design for all-day wearing comfort at home, in the office, and on the go. Bluetooth wireless freedom cuts the cord, and advanced active noise-cancellation (ANC) technology minimizes background sounds so one can fully immerse yourself in the music. BackBeat PRO is available now in the US and will be available worldwide starting October 2014. Host a personal concert for one, even in a noisy office or a busy flight, with BackBeat PRO headphones' signature rich, brilliant audio and advanced active noise-cancellation technology. Using a unique dual-mic solution, the headphones draw in background noise and eliminate it, tuning out external sounds and resulting in clear, life-like audio. Alternatively, if one wants to hear what is going on around you, with a touch of a button the adjustable OpenMic feature pushes the music to the background and amplifies environmental sounds; have a conversation with a coworker, listen for the boarding call, or answer a fellow commuter without having to remove the headphones. Plantronics innovation in power management gives the BackBeat PRO up to 24 hours of listening time on a single charge, and an included 3.5mm cable serves as a backup, allowing to plug in and keep enjoying the music in the unlikely event that one run out of battery. Used alone, its active noise-cancellation is capable of eliminating background noise for up to 60 hours -- enough to tune out airplane noise on a flight around the world. BackBeat PRO is always ready for action, with up to 21 days of standby power, and up to 6 months in DeepSleep hibernation. Additional features include: Uncompromising audio performance: With 40mm dynamic drivers and Plantronics signature audio technologies, BackBeat PRO delivers rich bass, crisp highs, and natural midtones so one hears the nuances of each instrument and voice; Unleash the music: Advanced Bluetooth technology lets one stream music from up to 330 ft/100m1 away from the smartphone or tablet, well beyond the usual 33 ft/10m; Truly "smart" headphones: Sensors on BackBeat PRO automatically pause the music when the headphones are removed and resumes when put them back on, and will unobtrusively whisper updates on connection status, battery life, incoming calls and more; Make music anywhere: The exceptional ergonomic design and portability (with fold-flat earcups and durable nylon travel sleeve) makes BackBeat PRO ideal for all-day use wherever life takes you; Clear communication: From phone calls to voice applications such as Siri(TM) and Skype, BackBeat PRO dual-mics directly on the headphones enable clear communication on smartphones and tablets for mobile professionals; Works seamlessly with mobile devices: BackBeat PRO features NFC pairing with Android devices, and one can easily move from listening to music on the smartphone to watching videos on the tablet with multi-device Bluetooth connectivity.

Plantronics and Sony Computer Entertainment Europe Team Up to Deliver Cutting Edge Audio to Playstation Gamers

Plantronics announced that it has entered into its first-ever partnership with Sony Computer Entertainment Europe (SCEE) to provide advanced audio perfectly optimized for performance with PlayStation(R)4 (PS4(TM)), PlayStation(R)3 (PS3(R)), and PlayStation(R) Vita (PS Vita(TM)). The new, officially-licensed product, the Plantronics RIG for PS4(TM), PS3(R), PS Vita(TM) will be available across Europe, Middle East and Oceania for the 2014 holiday season. Marking Plantronics's return to the console audio market, the RIG for PS4(TM), PS3(R), PS Vita(TM) offers performance audio and a competitive advantage - hear user rivals approaching before user seen. Featuring the distinctive PS(TM) logo, the RIG performance gaming headset provides gamers with precision stereo, crystal-clear voice and three EQ profiles: Pure, Intensify and Seismic. The included audio controller lets user create and control user's mix of side-chat, soundtrack or calls layered onto game sound, and the ability to easily switch user's mic feed between the game and user's mobile device. Plantronics, creators of best-selling gaming headsets, offers a slate of audio peripherals to meet the needs of every gamer with products designed for mobile, console and PC. At 2014 year's Gamescom 2014 in Cologne, Germany, visitors will be able to get hands-on with RIG headsets at the PlayStation(R) booth and experience the difference performance audio makes when used with the Sony PlayStation(R)4. Additionally, attendees will have a chance to experience RIG at the Plantronics booth (Hall 9 C-054a) within the ESL ZONE, and the MarketPoint meeting room area (Hall 4.2 A021 Pavilion #18).

Plantronics, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2014; Provides Earnings Guidance for the Second Quarter of Fiscal Year 2015 and Tax Rate Guidance for the Full Year of 2015

Plantronics, Inc. announced unaudited consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported net revenues of $216,662,000 compared to $202,818,000 a year ago. Operating income was $37,761,000 compared to $35,949,000 a year ago. Income before income taxes was $38,781,000 compared to $35,463,000 a year ago. Net income was $28,672,000 or $0.68 per diluted share compared to $26,953,000 or $0.62 per diluted share a year ago. Cash provided by operating activities was $29,538,000 compared to $34,140,000 a year ago. Capital expenditures were $7,312,000 compared to $13,014,000 a year ago. Non-GAAP operating income was $44,116,000 compared to $42,413,000 a year ago. Non-GAAP net income was $32,954,000 compared to $30,593,000 a year ago. Non-GAAP diluted earnings per common share were $0.78 compared to $0.70 a year ago. The company currently expect the following range of financial results for the second quarter of fiscal year 2015: net revenues of $210 million to $220 million; GAAP operating income of $35 million to $40 million; non-GAAP operating income of $42 million to $47 million, excluding the impact of $7 million from stock-based compensation and purchase accounting amortization from GAAP operating income; GAAP diluted EPS of $0.60 to $0.68; non-GAAP diluted EPS of $0.72 to $0.80. Non-GAAP tax rate for the quarter is expected to be 27%. The company is anticipating a full year tax rate of 27%.

Plantronics, Inc. Declares Quarterly Dividend, Payable on September 10, 2014

Plantronics, Inc. declared a quarterly dividend of $0.15 per common share, to be paid on September 10, 2014 to all shareholders of record as of the close of business on August 20, 2014.


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