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harman international\'s ceo discusses f1q 2012 results - earnings call transcript

by:Newland     2019-11-21
We are pleased to report that our infotainment and audio backlog has remained at a record $14.
5 billion, in a scalable system with higher profit margins, our infotainment backlog is over 40%.
At our last earnings call on August 10, I inform you that the cost impact of $85 million has been identified due to the sharp rise in the cost of nd magnets.
With the increase in sales, the growth impact of nd has risen slightly to $90 million, while I look forward to introducing you on next Wednesday\'s analyst day about the progress of our cost reduction efforts.
I am pleased to say that we have made great progress.
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