EX-99.1 2 c97073exv99w1.txt PRESS RELEASE Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE TELEX COMMUNICATIONS, INC. ANNOUNCES SECOND QUARTER RESULTS MINNEAPOLIS, MINNESOTA, JULY 29, 2005 - Telex Communications, Inc. today announced operating results for its second quarter and six months ended June 30, 2005. Net sales for the 2005 second quarter were $80.4 million, an increase of 3.4% compared to net sales of $77.7 million for the second quarter of 2004. Second quarter 2005 operating income increased 2.3% to $10.7 million compared to operating income of $10.5 million for the 2004 second quarter. Net sales for the six months ended June 30, 2005 were $154.2 million, an increase of 6.4% over net sales of $145.0 million for the same period a year ago. Operating income for the six months increased 2.9% to $17.8 million compared to operating income of $17.3 million for the first six months last year. Telex will host a teleconference call beginning at 2:00 PM Central Daylight Time today. A replay of this teleconference will be available on the Internet on a listen-only basis at www.telex.com. All remarks made during the teleconference will be current at the time of the call and the replay will not be updated to reflect any subsequent material developments. ABOUT TELEX COMMUNICATIONS, INC. Telex Communications, Inc. is a worldwide industry leader in the design, manufacture and marketing of audio and communications products and systems to commercial, professional and industrial customers. The Company markets over 30 product lines that span the professional audio and communications sectors. The Company operates through two business segments, Professional Audio and Advanced Communication Technologies (formerly know as Audio and Wireless Technology). The Professional Audio segment product lines include sophisticated loudspeaker systems, wired and wireless intercom systems, mixing consoles, amplifiers, wired and wireless microphones and other related products. The Advanced Communication Technologies segment product lines include digital audio duplication products, military and aviation products, land mobile communication systems, wireless assistive listening systems, talking book products for the blind and reading disabled and other related products. For additional information contact: Gregory Richter Chief Financial Officer 12000 Portland Avenue South Burnsville, MN 55337 Tel: (952)-736-4254 E-mail: greg.richter@us.telex.com 5 TELEX COMMUNICATIONS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (IN THOUSANDS)

6 TELEX COMMUNICATIONS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (IN THOUSANDS) (UNAUDITED)

7 TELEX COMMUNICATIONS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (IN THOUSANDS) (UNAUDITED)

8 TELEX COMMUNICATIONS, INC. SUPPLEMENTARY FINANCIAL DATA (IN THOUSANDS) (UNAUDITED)

The non-GAAP financial measure in the table above is provided to assist the reader's understanding of the comparability of the company's operations for 2005 and 2004. The company believes that EBITDA, defined as net income plus income taxes, interest expense and depreciation and amortization minus interest income, is a useful basis to compare the company's results. The presentation above reconciles reported net income (U.S. GAAP amounts) to EBITDA for the quarter and six months ended June 30, 2005 and 2004, respectively. The EBITDA information should not be construed as am alternative to reported results under U.S. GAAP. 9

TELEX COMMUNICATIONS INC 8-K