News
MINNEAPOLIS – CyberOptics reported third-quarter sales of $11.6 million, down 29% from last year. The net loss was $772,000, down from net income of $1.5 million a year ago. The net loss included about $650,000 of pre-tax expenses related to transition of inspection systems-related R&D and manufacturing to Singapore and a $257,000 income tax benefit.
SURREY, UK – TT Electronics Plc reported year-to-date operating profits were down year-over-year on lower demand at its sensors and electronic systems, and electronic components business units. Specific numbers were not provided.
The company cited lower production in the automotive sector, where demand is expected to be off in the fourth quarter as well.
Electronic manufacturing services demand will remain in line with expectations, TT Electronics said.
The company expects to take a £5.3 million fourth-quarter charge related to the July closing of a South Wales plant and the proposed relocation of AB Electronic in Romford, UK, to China and India.
The company cited lower production in the automotive sector, where demand is expected to be off in the fourth quarter as well.
Electronic manufacturing services demand will remain in line with expectations, TT Electronics said.
The company expects to take a £5.3 million fourth-quarter charge related to the July closing of a South Wales plant and the proposed relocation of AB Electronic in Romford, UK, to China and India.
ANGLETON, TX – Benchmark Electronics reported sales fell 4.6% to $642 million in the September quarter from the prior year. Net income was $24 million, up 9% over last year.
Press Releases
- Semi-Kinetics Expands Capabilities with Installation of Three Koh Young 3D Automated Optical Inspection Systems
- ZESTRON Hosts Webinar on Cleaning Strategies and Corrosion Mitigation to Advance Reliability in Automotive Power Electronics
- Anda Technologies Appoints Tech Gear Ltd. as Distributor in Hungary
- Discover PEMTRON’s Dual Lane Dual Head AOI/SPI Technology at NEPCON Vietnam 2024