ELK GROVE VILLAGE, IL -- SigmaTron said third-quarter revenues fell 1% year-over-year to $53.7 million for the period ended Jan. 31. 

Net income decreased 24.1% to $564,080 in quarter. 

Gary R. Fairhead, president and chief executive said, "The third quarter of fiscal 2014 had a pretax loss of $130,182 on slightly higher revenue compared to pretax income of $562,123 in the third quarter of fiscal 2015. Sequentially our third quarter of fiscal 2015 had modestly lower pretax income than the second quarter of 2015 on significantly lower sales. Both of these comparisons point to a positive trend, even if the results are not yet where we would like them to be.

"The improved results are directly related to a more favorable mix of revenue, with more activity in the high-mix, low-volume assembly business. We believe this trend will continue going forward as several new customers have started production and several long-term customers are launching new products.

"We encountered continuing customer volatility during the quarter and had a new challenge to deal with which was the West Coast longshoremen work slowdown/strike. This put pressure on both our supply chain and working capital. While it will take several months for this situation to return to normal, it appears the strike is over and we were able to avoid negatively impacting any customers' requirements."

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