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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.
NEENAH, WI – EMS provider Plexus Corp. announced third-quarter revenue of $456 million, up about 17% year-over-year.
Gross profit for the period was $48.8 million, up about 21% compared to the same fiscal period in 2007.
For the nine-month period ended June 28, net sales were about $1.37 billion, up nearly 18% compared to the year-ago period. Gross profit was about $156 million, up nearly 30% year-over-year.
For the quarter, return on invested capital was 21%, and revenues exceeded company guidance.
In a press release, president and CEO Dean Foate said, “Sequentially strong performance in our Wireline/Networking and Medical sectors offset a modest decline in our Industrial/Commercial sector and an anticipated $26 million reduction in revenue from our large unnamed defense program.”
Excluding that defense program, revenue grew 7.3% sequentially.
The firm expects fourth-quarter revenue between $470 million and $490 million.
Gross profit for the period was $48.8 million, up about 21% compared to the same fiscal period in 2007.
For the nine-month period ended June 28, net sales were about $1.37 billion, up nearly 18% compared to the year-ago period. Gross profit was about $156 million, up nearly 30% year-over-year.
For the quarter, return on invested capital was 21%, and revenues exceeded company guidance.
In a press release, president and CEO Dean Foate said, “Sequentially strong performance in our Wireline/Networking and Medical sectors offset a modest decline in our Industrial/Commercial sector and an anticipated $26 million reduction in revenue from our large unnamed defense program.”
Excluding that defense program, revenue grew 7.3% sequentially.
The firm expects fourth-quarter revenue between $470 million and $490 million.
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