8-K
PTC INC. (PTC)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(D) of The Securities Exchange Act of 1934
| Date of report (Date of earliest event reported) | July 8, 2020 | ||
|---|---|---|---|
| PTC Inc. | |||
| (Exact Name of Registrant as Specified in Its Charter) | |||
| Massachusetts | 0-18059 | 04-2866152 | |
| (State or Other Jurisdiction<br><br><br>of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |
| 121 Seaport Boulevard, Boston, MA | 02210 | ||
| (Address of Principal Executive Offices) | (Zip Code) | ||
| (Registrant’s Telephone Number, Including Area Code) | (781) 370-5000 | ||
| (Former Name or Former Address, if Changed Since Last Report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbols | Name of each exchange on which registered |
|---|---|---|
| Common Stock, $.01 par value per share | PTC | NASDAQ Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 2 – Financial Information
Item 2.02.Results of Operations and Financial Condition.
On July 8, 2020, PTC Inc. announced preliminary results for its third fiscal quarter ended June 27, 2020. A copy of the press release is furnished herewith as Exhibit 99.1.
Section 9 – Financial Statements and Exhibits
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits.
99.1 PTC Inc. press release dated July 8, 2020.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PTC Inc. | ||
|---|---|---|
| Date: July 8, 2020 | By: | /s/Catherine Gorecki |
| Catherine Gorecki | ||
| Senior Vice President, Corporate & Securities Counsel |
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ptc-ex991_40.htm
PTC to Announce Fiscal Q3’20 Results on
Wednesday, July 29^th^, 2020
BOSTON, MA – July 8, 2020 – PTC (Nasdaq: PTC) will release its fiscal 2020 third quarter results on Wednesday, July 29^th^ after the stock market closes.
PTC expects to deliver fiscal third quarter 2020 ARR growth of 9% year over year, 10% in constant currency. The company also expects to deliver double-digit revenue and free cash flow year-over-year growth for the fiscal third quarter 2020.
“Given the ongoing global pandemic, we felt it was prudent to continue to proactively communicate with our stakeholders, and we look forward to providing full fiscal third quarter results, and discussing our fiscal fourth quarter outlook on July 29, 2020,” said James Heppelmann, President and CEO, PTC.
Senior management will host a live webcast and conference call to review the results on Wednesday, July 29^th^ at 5pm Eastern Time. The earnings press release and accompanying prepared remarks will be accessible prior to the conference call and webcast on the Investor Relations section of the Company’s web site at PTC Investor Relations.
| What: | PTC Fiscal Q3’20 Conference Call and Webcast |
|---|---|
| When: | Wednesday, July 29^th^, 2020 at 5:00pm (ET) |
| Dial-in: | Conference ID: 5586726 |
| Toll-Free: (866) 987-6881 | |
| Webcast: | www.ptc.com/for/investors.htm |
| To access the live webcast, please visit website 15 minutes before the scheduled start time to download any necessary audio or plug-in software. | |
| Replay: | To access the replay via webcast, please visit www.ptc.com/for/investors.htm. |
Forward-Looking Statements
The expected Q3’20 results stated above are preliminary and may change from those expected as a result of finalization of our Q3’20 financial statements.
Statements made on the conference call and webcast are as of the date of the conference call and webcast and PTC does not assume any obligation to update any statements made live or the archived call or webcast. Matters discussed may include forward-looking statements about PTC’s anticipated financial results and growth, as well as about the development of products and markets, which are based on current plans and assumptions. Actual results in future periods may differ materially from those expectations due to a number of risks and uncertainties, including those described from time to time in reports filed by PTC with the U.S. Securities and Exchange Commission, including PTC’s most recent reports on Form 10-K and 10-Q.
Constant Currency. Our constant currency measure converts the ARR for entities using currencies other than United States dollars into United States dollars using the foreign exchange rate as of September 30, 2019, excluding the effect of any hedging, rather than the actual exchange rates in effect during the applicable period.
About PTC
PTC (NASDAQ: PTC) PTC unleashes industrial innovation with award-winning, market-proven solutions that enable companies to differentiate their products and services, improve operational excellence,
and increase workforce productivity. With PTC, and its partner ecosystem, manufacturers can capitalize on the promise of today’s new technology to drive digital transformation.
PTC.com @PTC Blogs
PTC Investor Relations Contacts
| Tim Fox |
|---|
| tifox@ptc.com<br><br><br>investor@ptc.com |
PTC and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.