News
NEENAH, WI -- Plexus Corp.'s net income was a record $25.1 million on a 27% gain in revenues for the period ended July 1. The EMS firm reported a record $397.4 million for the quarter. Sequential
growth in the third quarter was exceptional. Gross margins expanded 50 basis
points sequentially to 11.5% of revenues, and operating margins
rose 75 basis points to 6% of revenues.
The company will close its facility in Maldon, England, to reduce manufacturing capacity and relocate the programs to a facility in Kelso, Scotland, by the end of 2006 or early in 2007. About 77 employees will be laid off.
The company will close its facility in Maldon, England, to reduce manufacturing capacity and relocate the programs to a facility in Kelso, Scotland, by the end of 2006 or early in 2007. About 77 employees will be laid off.
MILPITAS, CA -- Electronics manufacturing services provider Solectron Corp. today
announced its Fremont NPI facility has received ISO
13485:2003 medical certification.
The standard specifies requirements for a quality management system for regulatory purposes in the manufacture of medical devices.
The standard specifies requirements for a quality management system for regulatory purposes in the manufacture of medical devices.
The Fremont plant, which Solectron operates under the name FinePitch, is the seventh company site to gain the certification. The others are Charlotte,NC; Scotland; Quebec; Suzhou, China; and two in Singapore.
SAN JOSE -- Flextronics last night reported fiscal first-quarter net sales from continuing operations rose 6% to $4.06 billion, while GAAP net income rose 44% to $85 million. Both numbers topped previous estimates.
Sequentially net sales from continuing operations increased 15%, and GAAP operating margin improved 180 basis points, for the period ended June 30.
"There has been a reacceleration of significant growth in our core EMS business, which includes design, vertically-integrated manufacturing services, components and logistics," said chief executive Mike McNamara.
Sequentially net sales from continuing operations increased 15%, and GAAP operating margin improved 180 basis points, for the period ended June 30.
"There has been a reacceleration of significant growth in our core EMS business, which includes design, vertically-integrated manufacturing services, components and logistics," said chief executive Mike McNamara.
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