INVESTOR RELATIONS

Revenues for Q2 2018 of $761 million

Gross Margin Q2 of 29.9%

Operating Margin Q2 of 16.2%

EPS Q2 of $0.65

Adjusted EPS Q2 of $0.54

Guidance for Q3 2018 for revenues of $755 to $795 million and gross margins of 29.0% to 30.0% at Q2 exchange rates

Distribution: point of sales Q2 14% over prior year and inventory turns of 3.7

Repatriated $274 million and paid $92 million of related foreign taxes

Cash from operations for trailing twelve months Q2 of $279 million and capital expenditures of $198 million

Both Q2 and trailing twelve months Q2 cash from operations include $106 million of cash taxes paid related to US Tax Reform and cash repatriation

Revenues for Q1 2018 of $717 million

Gross Margin Q1 of 28.6%

Operating Margin Q1 of 14.5%

EPS Q1 of $0.39

Adjusted EPS Q1 of $0.40

Cash from operations for trailing twelve months Q1 of $372 million and capital expenditures of $182 million

Guidance for Q2 2018 for revenues of $740 to $780 million and gross margins of 28.5% to 29.5% at Q1 exchange rates

Distribution: point of sales Q1 14% over prior quarter and inventory turns of 3.8

Revenues for Q4 2017 of $674 million and for year 2017 $2,604 million

Gross Margin Q4 of 26.2% and year 2017 of 26.9%

Adjusted Operating Margin Q4 of 11.7% and year 2017 of 12.4%

EPS Q4 of ($1.23) and year 2017 ($0.14)

Adjusted EPS Q4 of $0.37 and year 2017 of $1.43

Cash from operations for year 2017 of $369 million and capital expenditures of $170 million

Charge of $235 million related to the enactment of the U.S. Tax Cuts and Jobs Act

Guidance for Q1 2018 for revenues of $665 to $705 million and gross margins of 26.5% to 27.5% at Q4 exchange rates

Revenues for Q3 2017 of $678 million

Gross Margin Q3 of 27.9%

Adjusted Operating Margin Q3 of 14.1%

EPS Q3 of $0.41

Adjusted EPS Q3 of $0.42

Cash from operations for trailing twelve months Q3 of $329 million and capital expenditures of $138 million

Exchange rate impacts on revenues were plus $14 million quarter over quarter

Stock repurchase Q3 2017 of 2.1 million shares for $37.6 million

Guidance for Q4 2017 for revenues of $645 - $685 million and gross margins of 26% - 28% at Q3 exchange rates