Harman is a company which designs and engineers connected products and solutions for automakers, consumers, and enterprises. It operates through four segments: Connected Car, Lifestyle Audio, Professional Solutions, and Connected Services. The Company's products include built-in infotainment, communication, and safety solutions for automakers, such as advanced displays, digital cockpit platforms, car audio systems, professional and consumer audio, lighting, and video solutions, including loudspeakers, microphones, headphones, amplifiers, digital signal processors, etc. It also offers digital marketing, automotive cybersecurity, digital transformation, cloud infrastructure, product engineering, IoT security management, and other software services and solutions.

Employee Rating

3.6More
TypeSubsidiary
Parent CompanySamsung Electronics
HQStamford, US
Founded1980
Websiteharman.com
Harman was founded in 1980 and is headquartered in Stamford, US

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Key People/Management at Harman

Michael Mauser

Michael Mauser

President and Chief Executive Officer
Sandy Rowland

Sandy Rowland

Executive Vice President and Chief Financial Officer
Yoonho Choi

Yoonho Choi

Director
Mike Peters

Mike Peters

President, Connected Car
Kelei Shen

Kelei Shen

Chief Technology Officer
Nick Parrotta

Nick Parrotta

Chief Digital and Information Officer
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Harman Office Locations

Harman has offices in Stamford, Balmain, Hallein, Oakville and in 23 other locations
Stamford, US (HQ)
400 Atlantic St
Balmain, AU
7 Rosebery Place Suites 13 & 17
Hallein, AT
Salzgasse 2/5th Floor
Oakville, CA
2010 Winston Park Dr #200
Shenzhen, CN
20th Floor, China Merchants Port Plaza, No 1, Gongye 3rd Road, SheKou, Nanshan Qu
Struer, DK
Peter Bangs Vej 15
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Harman Financials and Metrics

Summary Metrics

Founding Date

1980

Investors

Harman is a subsidiary of Samsung Electronics

Harman Revenue

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Harman's revenue was reported to be $6.91 b in FY, 2016 which is a 12.3% increase from the previous period.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

5.3b6.2b6.9b

Revenue growth, %

15%12%

Cost of goods sold

3.9b4.3b4.8b

Gross profit

1.5b1.8b2.1b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

1.2b1.3b1.4b1.4b1.6b1.5b1.6b1.8b1.6b1.8b1.9b

Cost of goods sold

850.2m948.6m1.0b1.0b1.1b1.0b1.1b1.2b1.1b1.2b1.3b

Gross profit

321.6m379.5m364.8m414.6m493.2m418.1m487.4m545.1m492.9m541.3m608.0m

Gross profit Margin, %

27%29%26%29%31%29%30%31%30%31%31%
Annual
USDFY, 2014FY, 2015FY, 2016

Cash

581.3m649.5m602.3m

Accounts Receivable

894.6m1.0b1.1b

Inventories

662.1m693.6m706.1m

Current Assets

2.5b2.9b2.9b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

397.8m510.3m592.4m402.2m437.5m360.4m511.7m683.4m

Accounts Receivable

907.0m908.2m952.7m1.0b1.0b1.1b1.2b1.2b

Inventories

745.7m724.2m726.4m846.3m875.4m840.2m831.9m787.6m

Current Assets

2.4b2.5b2.7b2.9b2.9b2.8b3.0b3.3b
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

234.6m343.0m362.5m

Depreciation and Amortization

132.3m169.2m224.0m

Inventories

(67.4m)(89.2m)(15.2m)

Accounts Payable

148.0m273.6m(44.7m)
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

82.9m199.1m269.3m87.5m200.7m289.5m103.1m202.6m

Depreciation and Amortization

37.4m74.5m114.8m56.8m114.8m165.8m51.2m103.8m

Inventories

(110.2m)(105.7m)(139.1m)(160.0m)(197.8m)(145.4m)(122.8m)(98.7m)

Accounts Payable

73.6m133.7m182.5m(45.9m)(21.1m)(138.8m)68.8m158.8m
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Harman Operating Metrics

FY, 2014FY, 2015FY, 2016

Backlog

$30.70 m$79.60 m$197.50 m

Patent Applications

2.01 k2.21 k2.49 k

Patents Issued

3.64 k3.46 k3.67 k

Trademarks

2.20 k2.28 k2.42 k
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Harman Acquisitions / Subsidiaries

Company NameDateDeal Size
Aditi Technologies Europe GmbH
Aditi Technologies Private Limited
Aditi Technologies Private Ltd.
AKG
AMX GmbH
AMX Products and Solutions Private Limited
AMX UK Limited
BroadSense Ltd.
CoreObjects Limited
Duran Audio Iberia Espana S.L.
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Harman Revenue Breakdown

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Harman revenue breakdown by business segment: 14.6% from Professional Solutions, 44.6% from Connected Car, 30.8% from Lifestyle Audio, 10.0% from Connected Services and 0.0% from Other

Harman Online and Social Media Presence

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Harman News and Updates

Harman Announces The Fourth Generation SoundSticks At CES

Harman SoundSticks are the computer speakers that refuse to die. Some 20 years after their original launch, the SoundSticks 4 is here with a cool new look and a great sound.

Amazon Ranks Number One in ABI Researchs Connected Car Cloud Platform Competitive Assessment, followed by Microsoft and Harman

The total value of the connected car cloud market will reach US$193 million by the end of 2019 and Amazon and Microsoft are leading the way according to global tech advisory ABI Research. It's just released Connected Car Cloud Platform Competitive Assessment finds that Amazon currently leads the con…

CHEAP: Shake up your house with $150 off Harman Kardon Go+Play Bluetooth speaker

Welcome to CHEAP, our series about things that are good, but most of all, cheap. CHEAP! When I think of Bluetooth speakers, I mostly picture cute devices that can fit into your bag. These speakers are fine enough if you want to listen to songs with a couple of buddies, or watch a movie on your lapto…

CHEAP: Fear me, neighbors — there’s $100 off this Samsung Harman Kardon soundbar and subwoofer

Welcome to CHEAP, our series about things that are good, but most of all, cheap. CHEAP! What’s the point of watching your favorite sci-fi movie if you’re going to listen to the audio from those measly in-built TV speakers? That would be an insult to your sonic senses and to the movie too. That’s why…

Harriet Harman won't 'back down' in bid to replace Speaker John Bercow

Labour MP Harriet Harman has refused to “back down” in her bid to become the next House of Commons speaker [...] The post Harriet Harman won't 'back down' in bid to replace Speaker John Bercow appeared first on CityAM.

FOCUS-Once hacked, twice shy: How auto supplier Harman learned to fight cyber carjackers

When researchers remotely hacked a Jeep Cherokee in 2015, slowing it to a crawl in the middle of a U.S. highway, the portal the hackers used was an infotainment system made by supplier Harman International.
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Harman Blogs

HARMAN Launches New Dual-Mode V2X System to Improve Automotive Safety

TU-Automotive Detroit 2019 – NOVI, Mich. – June 5, 2019 - HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd., focused on connected technologies for automotive, consumer and enterprise markets, today unveiled a new Dual-Mode V2X system, aimed at enhancing automotive safe…

HARMAN Expands Automotive Electronics Manufacturing in Chakan (Pune), Maharashtra

JUNE 03, 2019, CHAKAN (PUNE), MAHARASHTRA, INDIA – HARMAN, a wholly owned subsidiary of Samsung Electronics Co. Ltd., today announced an expansion to its automotive electronics manufacturing plant at Chakan, near Pune, Maharashtra, in sync with the national priority program of ‘Make in India’. Hono…
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Harman Frequently Asked Questions

  • When was Harman founded?

    Harman was founded in 1980.

  • Who are Harman key executives?

    Harman's key executives are Michael Mauser, Sandy Rowland and Yoonho Choi.

  • What is Harman revenue?

    Latest Harman annual revenue is $6.9 b.

  • Who are Harman competitors?

    Competitors of Harman include Samsung Electronics, Panasonic and Sony.

  • Where is Harman headquarters?

    Harman headquarters is located at 400 Atlantic St, Stamford.

  • Where are Harman offices?

    Harman has offices in Stamford, Balmain, Hallein, Oakville and in 23 other locations.

  • How many offices does Harman have?

    Harman has 28 offices.