Pulse Electronics 8-K Results of Operations and Financial Condition

EXHIBIT 99.1

Technitrol, Inc. Unaudited Pro Forma Consolidated Statements of Operations
for Seven Consecutive Three-Month Periods Ended September 25, 2009
(dollars in thousands, except per-share data)

	2008												2009
	Q1			Q2			Q3			Q4			Q1			Q2			Q3
Consolidated Statements of Operations
Net sales	$	158,452		$	174,552		$	168,974		$	124,292		$	99,973		$	92,071		$	101,381
Cost of goods sold		119,279			136,209			126,339			95,936			77,504			68,647			74,154
Gross profit		39,173			38,343			42,635			28,356			22,469			23,424			27,227
Selling, general and administrative expenses		29,571			34,421			29,144			30,066			22,210			20,894			23,399
Severance, impairment and other associated costs		1,965			2,447			4,860			144,022			77,055			3,193			2,619
Operating profit (loss)		7,637			1,475			8,631			(145,732	)		(76,796	)		(663	)		1,209
Interest expense, net		(68	)		(1,057	)		(1,022	)		(476	)		(679	)		(655	)		(757	)
Other income (expense), net		6,759			125			(833	)		(1,979	)		3,924			(2,031	)		3,190
Earnings (loss) before tax from continuing operations		14,328			543			6,776			(148,187	)		(73,551	)		(3,349	)		3,642
Income tax expense (benefit)		310			3,181			(2,902	)		(3,575	)		(56	)		1,544			1,368
Earnings (loss) from continuing operations		14,018			(2,638	)		9,678			(144,612	)		(73,495	)		(4,893	)		2,274
Earnings (loss) from discontinued operations, net of taxes		800			2,427			(4,123	)		(150,571	)		(1,065	)		(103,100	)		(13,358	)
Net earnings (loss)		14,818			(211	)		5,555			(295,183	)		(74,560	)		(107,993	)		(11,084	)
Non-controlling (loss) interest		(81	)		(313	)		(204	)		(140	)		12			(111	)		(352	)
Net earnings (loss) attributable to Technitrol, Inc.	$	14,737		$	(524	)	$	5,351		$	(295,323	)	$	(74,548	)	$	(108,104	)	$	(11,436	)
Basic earnings (loss) per share from continuing operations	$	0.34		$	(0.07	)	$	0.23		$	(3.55	)	$	(1.80	)	$	(0.12	)	$	0.05
Basic earnings (loss) per share from discontinued operations		0.02			0.06			(0.10	)		(3.69	)		(0.03	)		(2.53	)		(0.33	)
Basic earnings (loss) per share	$	0.36		$	(0.01	)	$	0.13		$	(7.24	)	$	(1.83	)	$	(2.65	)	$	(0.28	)
Diluted earnings (loss) per share from continuing operations	$	0.34		$	(0.07	)	$	0.23		$	(3.55	)	$	(1.80	)	$	(0.12	)	$	0.05
Diluted earnings (loss) per share from discontinued operations		0.02			0.06			(0.10	)		(3.69	)		(0.03	)		(2.53	)		(0.33	)
Diluted earnings (loss) per share	$	0.36		$	(0.01	)	$	0.13		$	(7.24	)	$	(1.83	)	$	(2.65	)	$	(0.28	)
Amounts attributable to Technitrol, Inc. common shareholders
Net earnings (loss) from continuing operations	$	13,937		$	(2,951	)	$	9,474		$	(144,752	)	$	(73,483	)	$	(5,004	)	$	1,922
Net earnings (loss) from discontinued operations		800			2,427			(4,123	)		(150,571	)		(1,065	)		(103,100	)		(13,358	)
Net earnings (loss)	$	14,737		$	(524	)	$	5,351		$	(295,323	)	$	(74,548	)	$	(108,104	)	$	(11,436	)
Adjusted Earnings Before Interest, Taxes, Depreciation and Amorization (EBITDA)
Net earnings (loss) attributable to Technitrol, Inc.	$	14,737		$	(524	)	$	5,351		$	(295,323	)	$	(74,548	)	$	(108,104	)	$	(11,436	)
(Earnings) loss from discontinued operations, net of taxes		(800	)		(2,427	)		4,123			150,571			1,065			103,100			13,358
Non-controlling loss (interest)		81			313			204			140			(12	)		111			352
Depreciation and amortization		7,129			8,408			6,504			5,174			4,906			4,330			4,555
Interest expense, net		68			1,057			1,022			476			679			655			757
Other (income) expense, net		(6,759	)		(125	)		833			1,979			(3,924	)		2,031			(3,190	)
Income tax expense (benefit)		310			3,181			(2,902	)		(3,575	)		56			1,544			1,368
EBITDA		14,766			9,883			15,135			(140,558	)		(71,778	)		3,667			5,764
Severance, impairment and other associated costs		1,965			2,447			4,860			144,022			77,055			3,193			2,619
Other adjustments: impact of purchase accounting adjustments & inventory write downs		436			940			—			—			—			—			—
Adjusted EBITDA	$	17,167		$	13,270		$	19,995		$	3,464		$	5,277		$	6,860		$	8,383
Net earnings (loss) per diluted share excluding severance, impairment and other associated costs and other adjustments
Net earnings (loss) per diluted share	$	0.36		$	(0.01	)	$	0.13		$	(7.24	)	$	(1.83	)	$	(2.65	)	$	(0.28	)
Diluted (earnings) loss per share from discontinued operations		(0.02	)		(0.06	)		0.10			3.69			0.03			2.53			0.33
After-tax severance, impairment and other associated costs		0.04			0.05			0.10			3.52			1.86			0.07			0.06
After-tax other adjustments: impact of purchase accounting adjustments & inventory write downs		0.01			0.02			—			—			—			—			—
Net earnings (loss) per diluted share excluding severance, impairment and other associated costs and other adjustments	$	0.39		$	0.00		$	0.33		$	(0.03	)	$	0.06		$	(0.05	)	$	0.11
Operating profit (loss) excluding severance, impairment and other associated costs and other adjustments
Operating profit (loss)	$	7,637		$	1,475		$	8,631		$	(145,732	)	$	(76,796	)	$	(663	)	$	1,209
Severance, impairment and other associated costs		1,965			2,447			4,860			144,022			77,055			3,193			2,619
Other adjustments: impact of purchase accounting adjustments & inventory write downs		436			940			—			—			—			—			—
Operating profit (loss) excluding severance, impairment and other associated costs and other adjustments	$	10,038		$	4,862		$	13,491		$	(1,710	)	$	259		$	2,530		$	3,828