Viasystems's Q4 Assembly Sales Up 23%; 'Glad 2013 is Over' PDF Print E-mail
Written by Mike Buetow   
Friday, 07 February 2014 09:45

ST. LOUIS -- Viasystems Group today reported fourth-quarter net sales in its assembly business unit rose 23.4% year-over-year to $45.4 million. The division swung to an operating profit of $900,000, up from a loss of $800,000 a year ago.

Year-over-year, assembly segment net sales increased in the each of the company’s end-markets. Sequentially, sales fell in automotive, industrial & instrumentation, and telecommunications, partly offset by increases in demand from customers in the computer and data communications and military and aerospace end-markets.

Overall company net sales were $303.4 million in the quarter, up 10.9% year-over-year and down 1.9% sequentially. Operating income was $11.7 million, and net income was $5 million.

"I believe we finished the year with some positive momentum that sets us up to continue to make progress on our cost structure in 2014, but in many ways I am glad that 2013 is behind us," said chief executive David Sindelar. "During the past year, we have worked through a number of challenges, including factory relocations, recovery from a fire in one of our largest factories, and new project launches, not to mention the economic pressures from reduced government spending."

Net sales in the company’s printed circuit board segment were up 9% from a year ago to $258 million. Operating income was $11.1 million, up from $2.3 million last year. The company saw higher demand in automotive, telecommunications, and industrial and instrumentation, partly offset by decreases in military and aerospace and computer and data communications.

 

Columns

Eastern-US: China’s New Competitor?

Parity emerges among EMS Factories from Asia, Mexico and the US.

For the first time in years we see parity in the Eastern US among EMS factories from Asia, Mexico and the US. This EMS market condition will permit American OEMs (the EMS industry refers to OEMs as customers) to have more EMS pathways to choose from. Now more than ever, such EMS assignments will require deeper investigation relating to the OEMs’ evaluation of manufacturing strategies.

Read more...
 
The Human Touch

For those who count on the electronics industry for big feats, it’s been a remarkable couple of years.

Read more...
 

Features

Advances in Concentration Monitoring and Closed-Loop Control

Contaminated bath water skews refractive index results. New technology can accurately measure aqueous cleaning agent concentration.

Read more...
 
Circuits Disassembly: Materials Characterization and Failure Analysis

A systematic approach to nonconventional methods of encapsulant removal.

Read more...
 

Search

Search

Login

CB Login

Language

Language

English French German Italian Portuguese Russian Spanish
 

Products

Panasonic Debuts PanaCIM Maintenance with Augmented Reality
PanaCIM Maintenance with Augmented Reality software provides instant communication and information to factory technicians -- when and where it is needed -- so they can respond to factory needs more...