News
SAN JOSE, CA – EMS provider Sanmina-Sci Corp. reported its second-quarter loss narrowed to $24.4 million, from $26.1 million in the same period last year.
Adjusted net income was $28.2 million.
Revenue was $1.82 billion, up a slight 1.6% year-over-year, the company said.
PHOENIX – Electronics distributor Avnet Inc. reported revenue for the fiscal third quarter was $4.42 billion, up 13.3% compared to the same period last year.
Net income was $107.2 million, up 1.9% year-over-year.
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.
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