Circuits Assembly Online Magazine - Current Issue

News

JASPER, IN – Kimball International, Inc. announced sales for the third quarter of fiscal year 2007 were $311.6 million, an increase of 20% over sales of $260.7 million year-over-year. Sales included $79.2 million from acquisitions in the company's electronic contract assemblies segment. Sales in this segment increased 49% as a result of the acquisitions. On February 15, Kimball completed the acquisition of Reptron Electronics, Inc., a U.S.-based EMS company. The purchase price was $50.9 million.

Income for the third quarter was $3.8 million, which included a loss from discontinued operations of $600,000. For the same period last year, income was $7.3 million, including a loss from discontinued operations of $400,000.

Sales for the third quarter in the electronic contract assemblies segment were $165.3 million, an increase of 49% over sales of $111.1 million last year.

PRINCETON, NJ – Tyco International Ltd. reported lower quarterly profit, but results beat expectations led partially by improving sales in its electronics segment. Net earnings fell 6.7% to $835 million in the company’s fiscal second quarter, from $895 million year-over-year. Revenue rose 7% to $10.8 billion.

The company expects third-quarter sales will be up 5.5 to 6.5%.

Tyco, which plans to separate its health-care and electronics divisions by the end of June, said each of segments reported higher quarterly sales, but all had lower operating income and profit margins.

MELVILLE, NY — Nu Horizons Electronics Corp., distributor of electronic components, reported that for the fiscal year ended Feb. 28, net sales increased to $737.5 million from $561.3 million year-over-year, an increase of 31%.

Net income for the year increased 103% to $9.9 million, compared with $4.9 million in the same period last year.

Net sales for the fourth quarter increased to $170.1 million from $164.1 million in the same period last year, an increase of 4%. Net income for the quarter was $900,000, compared with $2.1 million year-over-year.