Allegro MicroSystems Reports First Quarter 2025 Results
| | | | | | | | | | | |
Reconciliation of EBITDA and Adjusted EBITDA | | | | | | | | | | | | |
Three-Month Period Ended | | | | |
June 28, 2024 | | |
March 29, 2024 | | |
June 30, 2023 | | | | |
(Dollars in thousands) | | |
GAAP Net (Loss) Income | |
$ |
(17,613 |
) | |
$ |
(7,074 |
) | |
$ |
60,889 | | |
GAAP Net (Loss) Income Margin (% of net sales) | | |
(10.6 |
)% | | |
(2.9 |
)% | | |
21.9 |
% | | | | | | | | | | | | | Interest expense | | | 5,377 | | | | 5,382 | | | | 769 | | | Interest income | | | (494 | ) | | | (594 | ) | | | (843 | ) | | Income tax provision | | | 1,040 | | | | 24,325 | | | | 7,215 | | | Depreciation & amortization | | | 16,458 | | | | 21,737 | | | | 14,273 | | |
EBITDA | |
$ |
4,768 | | |
$ |
43,776 | | |
$ |
82,303 | | | | | | | | | | | | | | Transaction-related costs | | | 1,842 | | | | 7,144 | | | | 3,079 | | | Impairment of long-lived assets | | | — | | | | 13,218 | | | | — | | | Restructuring costs | | | 2,414 | | | | 2,441 | | | | — | | | Stock-based compensation | | | 10,118 | | | | 9,618 | | | | 11,042 | | | Other costs (1) | | | 2,807 | | | | (2,319 | ) | | | 4,589 | | |
Adjusted EBITDA | |
$ |
21,949 | | |
$ |
73,878 | | |
$ |
101,013 | | |
Adjusted EBITDA Margin (% of net sales) | | |
13.1 |
% | | |
30.7 |
% | | |
36.3 |
% | | | | | | | | | | | | | (1) Included in non-GAAP other costs are non-recurring charges that are individually immaterial for separate disclosure such as project evaluation costs, which consist of costs incurred in connection with debt and equity financings or other non-recurring transactions and income (loss) in earnings of equity investments. | | | | |
|
