News
SUZHOU, CHINA – Last week, Foxconn announced plans to expand into North America. Today, EMS rival Flextronics returned the favor.
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."
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