Plantronics, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net revenues of $197.4 million compared with $183.2 million in the prior year quarter. Net income was $28.21 million or $0.66 per diluted share compared to $30.90 million or $0.71 per diluted share last year. Net revenue increased 8% over the prior year, driven by a strong quarter for its mobile products, as well as good growth in OCC. The company generated $34.1 million in cash flow from operations and continues to have a very strong financial position. Capital expenditures were $8 million. Operating income was $35 million compared to $37.4 million a year ago. Income before income taxes was $35 million compared to $38 million a year ago. On non-GAAP basis, net revenues were $197.04 million compared to $183.24 million last year. Non-GAAP net income was $31.17 million or $0.73 per diluted share compared to $32.52 million or $0.75 per diluted share a year ago. Income before income taxes was $41.88 million compared to $42.39 million last year. Non-GAAP operating income was $42 million compared to $42 million a year ago. Free cash flow was $26,284,000 compared to $25,893,000 last year.

For the nine months, the company reported net income of $77,693,000 or $1.82 per diluted share on net revenues of $558,047,000 compared to net income of $109,036,000 or $2.41 per diluted share on net revenues of $713,368,000 for the same period a year ago. Operating income was $101,219,000 compared to $141,353,000 a year ago. Income before income taxes was $101,683,000 compared to $142,602,000 a year ago. On non-GAAP basis, operating income was $118,527,000 compared to $159,163,000 a year ago. Income before income taxes was $118,991,000 compared to $160,412,000 last year. Net revenues were $558,047,000 compared to $713,368,000 last year. Non-GAAP net income was $87,795,000 or $2.06 per diluted share compared to net income of $119,752,000 or $2.65 per diluted share a year ago. Free cash flow was $63,876,000 compared to $121,308,000 last year.

Subject to the foregoing, the company currently expects the following range of financial results for the fourth quarter of fiscal 2013: Net revenues of $190 million to $195 million; GAAP operating income of $33 million to $35 million; Non-GAAP operating income of $39 million to $41 million, excluding the impact of $6 million from stock-based compensation, accelerated depreciation, and restructuring costs from GAAP operating income; Assuming approximately 42.7 million diluted average weighted shares outstanding: GAAP diluted EPS of $0.63 to $0.67; Non-GAAP diluted EPS of $0.68 to $0.72.

The company also announced that the company Board of Directors declared a quarterly dividend of $0.10 per share. The dividend will be payable on March 11, 2013 to stockholders of record at the close of business on February 20, 2013.