News
GOTEBORG, SWEDEN – Production logistics supplier FlexLink reported third-quarter sales were $54 million for the quarter, up 9% compared to the same period in 2007, while earnings were $5 million, with an EBITA margin of 9%.
Orders for the quarter rose 16% year-over-year to $51 million. Orders for the first nine months were $179 million, up 24% year-over-year, the firm’s highest ever for comparable periods.
Orders for the quarter rose 16% year-over-year to $51 million. Orders for the first nine months were $179 million, up 24% year-over-year, the firm’s highest ever for comparable periods.
Sales for the first nine months were $159 million, up 14% compared to last year, and earnings were $14 million, with an EBITA margin of 9%.
ELKHART, IN -- EMS sales at CTS Corp. fell 8% to $97.5 million year-over-year, reflecting slowing demand for computers and industrial products. September quarter operating earnings dropped 31% to $2.7 million, primarily on lower volumes.
The EMS division, one of the world's 40 largest, saw strength in defense and aerospace, medical and communications.
NEENAH, WI – Plexus Corp. reported third-quarter revenue rose 4.3% sequentially to $476 million. Gross profits dropped 7.2% to $53.7 million, while net profits were down 30.5% to $17.3 million.
For the quarter ended Sept. 27, return on invested capital was 20.1%. Cash flow used by operations was approximately $400,000. The top 10 customers comprised 61% of revenue during the quarter, down one point sequentially, with Juniper Networks (19% of revenue) the only customer above 10%.
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