•Adjusted EBITDA increased to USD 45.1 million or 14.3% of revenue for the period ended December 29, 2017, vs. USD 34.2 million or 12.0% of revenue for the period ended December 30, 2016.
Mr. Twaalfhoven commented, “2017 was a growth year for Pulse, demonstrated by our double digit growth from 2016, our positive net income and cash flow, and our substantial growth in organic revenue and adjusted EBITDA. Our focus on EV, Autonomous Vehicles, and Smart Grids has increased shipments of our products and resulted in several key customer wins, including a new contract to provide products to a leading EV company in the U.S. We’re confident that our focused investments in R&D and the successful design-in of several new projects will result in sustained growth over the next several years. We look forward to accelerating this momentum in 2018 through the introduction of numerous new products, and continuing on our path of leadership in the markets we serve.”
About Pulse Electronics
Pulse Electronics is a portfolio company of certain affiliates of investment funds managed by Oaktree Capital Management L.P., a leader among global investment managers specializing in alternative investments, with $100 billion in assets under management as of September 30, 2017. Pulse Electronics is a leading provider of electronic components that help customers build the next great product by providing the needed technical solutions. Pulse Electronics has a long operating history of innovation in antennas, magnetics and connectors, as well as the ability to ramp quickly into high-quality, high-volume production. The Company serves the wireless and wireline communications, power management, military/aerospace, and automotive industries. Pulse Electronics is a participating member of the IEEE, SFF, OIF, HDBaseT Alliance, CommNexus, NFC Forum, MoCA, and IWPC. Visit the Pulse Electronics website at www.pulseelectronics.com.