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SIOUX FALLS, SD – EMS provider Raven Industries Inc. reported higher contributions from its flow controls division helped increase sales by 10% year-over-year, to $55.7 million, a record second-quarter, says the firm.

Net income expanded to $5.8 million, up 14% compared to the second quarter last year.

For the first half of the year, sales reached $113.8 million, a 5% improvement year-over-year. Net income was $14.4 million, an increase of 14%.

Electronic systems division sales were $16.7 million, up about 1% year-over-year, while operating income was $2.5 million, a decrease of 13%.

ESD sales for the first half were $31.1 million, down 2% year-over-year. Operating income, at $4.9 million, was essentially even with last year's first-half.

“The electronic systems division should again make a solid contribution to revenues, income and cash flow,” CEO Ronald Moquist said. “We expect all of these factors will combine to give Raven record performance in fiscal 2008.”

PHOENIX – EMS provider Suntron Corp. reported net income of $300,000 and net sales of $64.2 million for the second quarter.

Gross profit was $5.9 million, down about 5% year-over-year.

Suntron's restructuring activities completed in the first quarter enabled the company to return to profitability, the company said.

A year ago, Suntron reported a net loss of $1.3 million on net sales of $85.1 million.

Gross margin rose to 9.2%, up 1.9 points over last year and 3.9 points sequentially, driven by improved operating efficiencies and lower fixed costs.

"During the second quarter, we achieved net income driven by the results of our rightsizing activities and improved operating efficiencies, and our continued focus on working capital management also played a key role in strengthening our balance sheet," stated Paul Singh, Suntron's president and chief executive.

TAIPEI – Laird Technologies and ITEQ Corp. have struck a cross-licensing deal under which Laird will have access to ITEQ’s lamination capabilities and AP distribution, while ITEQ will have access to Laird’s T-lam materials.

ITEQ and Laird will join to supply solutions for the LED-based BLUs for LCD flat panel displays. Laird’s T-lam materials are important for this growing market, says the company, because the brightness and color of an LED degrades as temperature increases. T-lam permits heat to pass out of LED devices more efficiently, Laird reports.

ITEQ is a Taiwan-based laminates provider.