News
NEW ALBANY, IN - Key Electronics
Inc., a provider of electronics manufacturing services, has acquired the
assets of Accutronix Manufacturing Services. Financial details were not disclosed.
Accutronix is a privately-held electronics manufacturer with 47 employees in Owingsville, KY.
Mark Fulks, senior vice president at Key, becomes general manager for the Kentucky operation.
Key employs about 100 workers at its New Albany factory, and is constructing a 104,000 sq. ft. office and manufacturing facility in Jeffersonville, IN. The new plant is scheduled to be opened this summer.
Accutronix is a privately-held electronics manufacturer with 47 employees in Owingsville, KY.
Mark Fulks, senior vice president at Key, becomes general manager for the Kentucky operation.
Key employs about 100 workers at its New Albany factory, and is constructing a 104,000 sq. ft. office and manufacturing facility in Jeffersonville, IN. The new plant is scheduled to be opened this summer.
TORONTO -- EMS provider SMTC Corp. today
reported fiscal 2004 net earnings of $1.3 million on revenue of $245
million. This compares with a net loss of $40 million on revenue of
$306 million last year.
The fourth-quarter net loss narrowed but sales declined sharply. Revenue and earnings were hurt by an unanticipated volume decline from a major customer that operates in a cyclical sector, the company said.
For the year the company generated $5.1 million in cash from operations. down from $5.5 million for 2003.
In a press release, John Caldwell, president and chief executive, said, "We expect to produce sequential revenue growth by the second quarter of 2005 and continue with positive momentum through the back half of the year."
The fourth-quarter net loss narrowed but sales declined sharply. Revenue and earnings were hurt by an unanticipated volume decline from a major customer that operates in a cyclical sector, the company said.
For the year the company generated $5.1 million in cash from operations. down from $5.5 million for 2003.
In a press release, John Caldwell, president and chief executive, said, "We expect to produce sequential revenue growth by the second quarter of 2005 and continue with positive momentum through the back half of the year."
For the fourth quarter the company reported a net loss of
$2.5 million on sales of $48 million. SMTC took $700,000 in restructuring
and other one-time charges. SMTC lost $2.6 million on revenue of $76.9 million a year ago.
PHOENIX -- Suntron Corp.
today reported net sales of
$115.8 million and a net loss of $1.3 million for its fourth quarter
ended Dec. 31.
For the year, the EMS maker posted a net loss of $4.5 million on net sales of $475.4 million.
For the year, the EMS maker posted a net loss of $4.5 million on net sales of $475.4 million.
For the quarter net sales were up 47%
increase from last year on higher demand for semiconductor capital equipment, aerospace and
defense, industrial and medical gear. The net loss was $1.3 million, vs. a net loss of $6.1 million.
For the year, the net loss was $4.5 million, vs. a net loss of $34.3 million in 2003.
The operating loss improved to $400,000 from $5.5 million
a year ago. Sequentially, fourth-quarter net sales decreased 10%, due to lower
demand for semiconductor tools.
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