Circuits Assembly Online Magazine - Current Issue

News

LOUISVILLE, KY – Manufacturer and outsourcing specialist Sypris Solutions Inc. reported revenue of $106.3 million for the first quarter, down about 4.6% year-over-year.

The company reported net income of $400,000, compared to a net loss of $200,000 in the prior year period.

“Revenue was at the high end of our expectations due to stronger than anticipated sales from our industrial group. Top line performance for our electronics group bettered last year’s quarter by 13% on improved revenue from our products and manufacturing services,” said Jeffrey T. Gill, president and CEO of Sypris.

“Orders for our electronics group increased 7% compared to the prior year period, driven by a 13% year-over-year increase in bookings in our aerospace and defense segment.”

Revenue for the company’s electronics group was $36.4 million.

ANAHEIM, CA – DDi Corp., provider of PCB manufacturing services, reported first-quarter net sales of $47.4 million, up 9% year-over-year, and up 5% sequentially.

The company reported net income of $718,000 compared to a net loss of $1 million in the same period last year, and a sequential improvement compared to a net loss of $285,000 in the fourth quarter 2007.

TORONTO – EMS provider Celestica Inc. announced net earnings for the first quarter 2008 were $29.8 million, compared to a net loss of $34.3 million for the same period last year.

Revenue was $1.84 billion, down a slight 0.33% year-over-year.

Adjusted net earnings were $35.4 million, compared to an adjusted net loss of $9.1 million year-over-year.

Restructuring charges in the quarter were $3.3 million compared to $8 million in the first quarter of 2007.

For the second quarter, ending June 30, the company anticipates revenue to be in the range of $1.8 billion to $2 billion.