News
OLATHE, KS – Elecsys Corp. reported fourth-quarter sales rose 33% to $6.9 million. For the quarter, net income fell 19% to $263,000. Operating income was $690,000, up 69%, while gross margin was approximately 37% of sales, up nine points.
For the fiscal year ended April 30, sales were up 18% to $23.4 million, and net income was $688,000, down from $1 million in 2007, when the company booked a $324,000 gain on the sale of a former facility. Operating income was up 12% to $1.7 million, Gross margin was up five points to 35%.
Sales at DCI, the company’s EMS unit, fell $1.4 million because sales reported at DCI no longer include sales made to its new Radix subsidiary. The prior year included sales of $4,454,000 to the former Radix International Corp.
“DCI, the company's largest subsidiary continues to deliver quality products to niche markets and we expect that its specialized expertise in electronic design and manufacturing services should permit it to continue to experience steady growth,” the company said in a statement.
SAN DIEGO – Pulse, a provider of electronic component and subassembly design and manufacturing, will increase prices at least 10% worldwide, the result of higher costs of sub-components, consumables, energy and labor.
Worldwide distribution prices were increased in July and direct customer notifications are underway, said the firm.
“We are not alone in experiencing severe cost pressures in manufacturing and in needing to raise prices,” said Dan Jackson, vice president of worldwide sales. “Government-mandated wage increases, rising supplier costs, and well-publicized high fuel prices can no longer be absorbed. In the interest of our stakeholders, we must increase prices just to keep pace."
Worldwide distribution prices were increased in July and direct customer notifications are underway, said the firm.
“We are not alone in experiencing severe cost pressures in manufacturing and in needing to raise prices,” said Dan Jackson, vice president of worldwide sales. “Government-mandated wage increases, rising supplier costs, and well-publicized high fuel prices can no longer be absorbed. In the interest of our stakeholders, we must increase prices just to keep pace."
TORONTO – EMS provider Celestica Inc. today announced second-quarter revenue was $1.88 billion, down about 3% year-over-year.
Net earnings were $39.8 million, compared to a net loss of $19.2 million for the same period last year.
For the first six months of 2008, revenue was $3.7 billion, compared to $3.78 billion for the same period in 2007. Net earnings were $69.6 million, compared to a net loss of $53.5 million last year.
“We continue to show improvements in operating margins and return on invested capital,” said Craig Muhlhauser, president and CEO of Celestica. “We are continuing to win new business across all of our key market segments.” He called end-market visibility “limited.”
For the third quarter, the company anticipates revenue in the range of $1.9 billion to $2.1 billion.
Net earnings were $39.8 million, compared to a net loss of $19.2 million for the same period last year.
For the first six months of 2008, revenue was $3.7 billion, compared to $3.78 billion for the same period in 2007. Net earnings were $69.6 million, compared to a net loss of $53.5 million last year.
“We continue to show improvements in operating margins and return on invested capital,” said Craig Muhlhauser, president and CEO of Celestica. “We are continuing to win new business across all of our key market segments.” He called end-market visibility “limited.”
For the third quarter, the company anticipates revenue in the range of $1.9 billion to $2.1 billion.
