News
SPOKANE VALLEY, WA – EMS provider Key Tronic Corp. reported total revenue of $44.6 million in the first quarter of 2008, down nearly 20% year-over-year.
Net income for the quarter was $200,000, a decrease of close to 86% compared to the same period in 2007.
“As anticipated, we saw slower demand from a number of our established customers in the first quarter of fiscal 2008, while our new programs contributed a growing portion of our revenue,” said Jack Oehlke, president and CEO. “We expect both our established customers and our new customer programs to drive strong revenue and earnings growth in the second half of fiscal 2008.
For the second quarter, the company expects revenue in the range of $45 million to $48 million.
SAN JOSE, CA – Global EMS provider Sanmina-SCI Corp. reported revenue of $2.5 billion for the fourth quarter of 2007, flat with revenue in the third quarter, and down 7.4% year-over-year.
Year-end revenue was $10.4 billion, down 5.4% compared to 2006.
Net income for the fourth quarter was $10.2 million, compared to a net loss of $22.8 million sequentially, and a net loss of $2.1 million year-over-year.
Net income for the year was $22.8 million, down about 78% compared to the prior year.
Gross profit was $134.1 million, up 10.3% sequentially and 2.3% year-over-year.
The company expects first-quarter 2008 revenue in the range of $2.5 billion to 2.65 billion.
MANKATO, MN – Winland Electronics Inc., designer and manufacturer of custom electronic control products and systems, announced CEO Lorin Krueger’s resignation, effective Jan. 2, at which time he will aid the company’s board of director’s in identifying his successor.
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