Harman International
Harman International Industries engages in the development, manufacture and marketing of audio products and electronic systems. The Company's Automotive segment designs, manufactures and markets audio, electronic and infotainment systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers. Its Consumer segment engages in the design, manufacture and marketing of audio and consumer electronics for home, multimedia and mobile applications. The Company's Professional segment designs, manufactures and markets loudspeakers, power amplifiers, digital signal processors, microphones and mixing consoles used by audio professionals in concert halls, stadiums, houses of worship and other public spaces. Additionally, Harman International Industries offers real-time operating system software, middleware, development tools and consulting services for various markets, including automotive, industrial control and automation, medical, networking and telecommunications, and security and defense.
Harman International is headquartered in Stamford, US
Key People at Harman International
Dinesh Paliwal
Chairman, President and CEO
Sandra Rowland
EVP & CFO
Paula Davis
VP, Corporate Affairs and Communications
Sanjay Dhawan
EVP and President, Connected Services Division
Phil Eyler
EVP and President, Connected Car Division
Ralph Santana
EVP & CMO
Harman International Office Locations
Harman International has an office in Stamford
Stamford, US (HQ)
400 Atlantic Street
Harman International Data and Metrics
Harman International Summary
Investors | Bessemer Venture Partners |
Harman International is a subsidiary of Samsung Electronics (UK)
Harman International Financial Metrics
Harman International's revenue was reported to be $1.9 b in Q2, 2016
| USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|
Revenue | 5.3 b | 6.2 b | 6.9 b | |||
Revenue growth, % | 15% | 12% | ||||
Cost of goods sold | 3.9 b | 4.3 b | 4.8 b | |||
Gross profit | 1.5 b | 1.8 b | 2.1 b | |||
Gross profit Margin, % | 27% | 30% | 30% | |||
General and administrative expense | 1.5 b | |||||
Operating expense total | 1.5 b | |||||
EBIT | 329.7 m | 469.6 m | 580 m | |||
EBIT margin, % | 6% | 8% | 8% | |||
Interest expense | 22.6 m | 20.1 m | 12.9 m | 8 m | 13.9 m | 33.5 m |
Pre tax profit | 307.4 m | 446.3 m | 530.5 m | |||
Income tax expense | 24.3 m | (68.4 m) | 31.7 m | 72.6 m | 103.3 m | 168.1 m |
Net Income | 234.6 m | 343 m | 362.5 m |
| USD | Q3, 2014 | Q1, 2014 | Q2, 2014 | Q3, 2015 | Q1, 2015 | Q2, 2015 | Q3, 2016 | Q1, 2016 | Q2, 2016 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.4 b | 1.4 b | 1.6 b | 1.5 b | 1.6 b | 1.8 b | 1.6 b | 1.8 b | 1.9 b |
Cost of goods sold | 1 b | 1 b | 1.1 b | 1 b | 1.1 b | 1.2 b | 1.1 b | 1.2 b | 1.3 b |
Gross profit | 364.8 m | 414.6 m | 493.2 m | 418.1 m | 487.4 m | 545.1 m | 492.9 m | 541.3 m | 608 m |
Gross profit Margin, % | 26% | 29% | 31% | 29% | 30% | 31% | 30% | 31% | 31% |
General and administrative expense | 263.3 m | 298.8 m | 344.4 m | 326.6 m | 355.9 m | 385.9 m | 357.5 m | 390.5 m | 433.9 m |
Operating expense total | 263.3 m | 298.8 m | 344.4 m | 326.6 m | 355.9 m | 385.9 m | 357.5 m | 390.5 m | 433.9 m |
EBIT | 101.4 m | 115.8 m | 148.8 m | 91.5 m | 131.5 m | 159.2 m | 135.4 m | 150.8 m | 174 m |
EBIT margin, % | 7% | 8% | 9% | 6% | 8% | 9% | 8% | 9% | 9% |
Interest expense | 2.1 m | 2.7 m | 2.2 m | 3 m | 8.3 m | 7.7 m | 8.6 m | 9.3 m | 9.2 m |
Pre tax profit | 95.9 m | 110.7 m | 145.3 m | 89.6 m | 121.1 m | 146.2 m | 120.2 m | 139.6 m | 160.5 m |
Net Income | 73.4 m | 82.9 m | 116.2 m | 70.2 m | 87.5 m | 113.2 m | 88.8 m | 103.1 m | 99.4 m |
| USD | Y, 2010 | Y, 2011 | Y, 2012 | Y, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|---|
Cash | 645.6 m | 603.9 m | 617.4 m | 454.3 m | 581.3 m | 649.5 m | 602.3 m |
Inventories | 662.1 m | 693.6 m | 706.1 m | ||||
Current Assets | 2.5 b | 2.9 b | 2.9 b | ||||
PP&E | 509.9 m | 552.4 m | 593.3 m | ||||
Goodwill | 541 m | 1.3 b | 1.5 b | ||||
Total Assets | 4.1 b | 5.9 b | 6.1 b | ||||
Accounts Payable | 697.6 m | 918.9 m | 867.3 m | ||||
Total Debt | 255 m | 802.1 m | 880.1 m | ||||
Current Liabilities | 1.5 b | 2.1 b | 1.8 b | ||||
Total Liabilities | 3.6 b | ||||||
Common Stock | 984 k | 1 m | 1 m | ||||
Additional Paid-in Capital | 1 b | 1.4 b | 1.4 b | ||||
Retained Earnings | 2 b | 2.2 b | 2.5 b | ||||
Total Equity | 1.8 b | 2.4 b | 2.5 b | ||||
Debt to Equity Ratio | 0.1 x | 0.3 x | 0.4 x | ||||
Debt to Assets Ratio | 0.1 x | 0.1 x | 0.1 x | ||||
Financial Leverage | 2.3 x | 2.5 x | 2.5 x |
| USD | Q3, 2014 | Q1, 2014 | Q2, 2014 | Q3, 2015 | Q1, 2015 | Q2, 2015 | Q3, 2016 | Q1, 2016 | Q2, 2016 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 566.9 m | 397.8 m | 510.3 m | 592.4 m | 402.2 m | 437.5 m | 360.4 m | 511.7 m | 683.4 m |
Inventories | 655 m | 745.7 m | 724.2 m | 726.4 m | 846.3 m | 875.4 m | 840.2 m | 831.9 m | 787.6 m |
Current Assets | 2.5 b | 2.4 b | 2.5 b | 2.7 b | 2.9 b | 2.9 b | 2.8 b | 3 b | 3.3 b |
PP&E | 445.1 m | 491.1 m | 475.2 m | 462.9 m | 547.1 m | 555.3 m | 576.8 m | 595.3 m | 579 m |
Goodwill | 257.6 m | 526 m | 530.9 m | 710.6 m | 1.3 b | 1.3 b | 1.4 b | 1.5 b | 1.5 b |
Total Assets | 3.7 b | 4.1 b | 4.2 b | 4.7 b | 5.8 b | 5.8 b | 5.8 b | 6.2 b | 6.3 b |
Accounts Payable | 664.7 m | 746.5 m | 789.9 m | 809.8 m | 870.4 m | 882.4 m | 782 m | 940.4 m | 1 b |
Current Liabilities | 1.4 b | 1.5 b | 1.6 b | 1.7 b | 2.1 b | 2 b | 1.7 b | 1.9 b | 2 b |
Common Stock | 983 k | 988 k | 989 k | 992 k | 1 m | 1 m | 1 m | 1 m | 1 m |
Additional Paid-in Capital | 1 b | 1 b | 1.1 b | 161.1 m | 1.4 b | 1.4 b | 1.4 b | 1.4 b | 1.5 b |
Retained Earnings | 2 b | 2 b | 2.1 b | 2.2 b | 2.3 b | 2.4 b | 2.4 b | 2.6 b | 2.6 b |
Total Equity | 1.8 b | 1.9 b | 2 b | 2.2 b | 2.4 b | 2.5 b | 2.5 b | 2.5 b | 2.6 b |
Financial Leverage | 2.1 x | 2.2 x | 2.1 x | 2.2 x | 2.4 x | 2.4 x | 2.3 x | 2.5 x | 2.5 x |
| USD | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|
Net Income | 234.6 m | 343 m | 362.5 m |
Inventories | (67.4 m) | (89.2 m) | |
Accounts Payable | 148 m | 273.6 m | |
Cash From Operating Activities | 592.1 m | 552.6 m | |
Capital Expenditures | (157.1 m) | (192.5 m) | |
Cash From Investing Activities | (612.1 m) | (738.5 m) | |
Long-term Borrowings | (30 m) | (552.3 m) | |
Cash From Financing Activities | 136.6 m | 305.2 m | |
Free Cash Flow | 749.3 m | 745.1 m |
| USD | Q3, 2014 | Q1, 2014 | Q2, 2014 | Q3, 2015 | Q1, 2015 | Q2, 2015 | Q3, 2016 | Q1, 2016 | Q2, 2016 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 73.4 m | 82.9 m | 116.2 m | 70.2 m | 87.5 m | 113.2 m | 88.8 m | 103.1 m | 99.4 m |
Inventories | 655 m | 745.7 m | 724.2 m | 726.4 m | 846.3 m | 875.4 m | 840.2 m | 831.9 m | 787.6 m |
Accounts Payable | 664.7 m | 746.5 m | 789.9 m | 809.8 m | 870.4 m | 882.4 m | 782 m | 940.4 m | 1 b |
Harman International Median Salaries
Source: 50 public H-1B filings from Harman International
Traffic Overview of Harman International
Harman International Online and Social Media Presence
Harman International News and Updates
January 16, 2017
Move to Arrest Samsung Leader Threatens a Carefully Crafted Narrative
Jay Y. Lee, vice president and heir apparent of the conglomerate, had been portrayed by the South Korean company as a transformative executive.
January 05, 2017
Wheels: Coming From Automakers: Voice Control That Understands You Better
Ford Motor is announcing it will incorporate Amazon’s Alexa into its vehicles, one of many efforts by automakers to improve voice-recognition systems.
December 20, 2016
BlackBerry Earmarks $75 Million for Self-Driving Car Test Hub
A hiring spree begins.
December 19, 2016
BlackBerry opens a research center for self-driving tech in Canada
A former smartphone powerhouse wants to be an instrumental part of the coming smart car revolution, and BlackBerry is deepening its investment int he field with a new autonomous driving research center opening for business on Monday in Ottawa, Reuters reports. BlackBerry is one of three initial org…
December 13, 2016
Samsung’s Harman Kardon will release an Alexa competitor with Cortana in 2017
Microsoft today announced that in 2017 Harman Kardon will come out with a smart speaker that draws on Microsoft’s Cortana virtual assistant. It will likely be a competitor to Amazon’s Echo, which uses Alexa, and the Google Home, which employs the Google Assistant. The Harman device doesn’t have a na…
December 10, 2016
Israeli startups deliver much-needed tech for self-driving cars
GUEST: Israel has no indigenous auto industry, but the country’s startup community is serious about autonomous vehicles and is producing a whole host of technologies to help make self-driving cars ready for market, as the infographic above shows. And the automotive industry is taking note. Five of t…