LOUISVILLE, KY -- Sypris Solutions today reported third-quarter net income fell 21% to $3 million despite record
revenue. Net orders for the quarter reached a record $139.2 million, driven by
an 83% increase in bookings for electronics.
MINNEAPOLIS -- CyberOptics Corp. today reported September quarter net
income of $626,000 on revenues of
$10.3 million. Both figures represented a sharp drop from Q3 2004, when the maker of sensors and inspection gear reported
earnings of $3.6 million on revenues of
$19.4 million.
MYRTLE BEACH, SC -- AVX Corp. reported net income fell 8.7% to
$17 million on a 1% drop in net sales to $325.9 million in the
September quarter. Net income and sales were sequentially higher.
Chief executive and president John Gilbertson said, "The
sales increases during the last three quarters indicate that end market
growth is continuing, and this is a positive sign for AVX and the
industry."
Income from operations improved sequentially to $19.2 million for the
quarter, due to lower operating costs and
greater production in low-cost regions.
"We have been able to improve profit
margins during the past two quarters while reducing inventory levels,"
Gilbertson said. "We believe that inventory throughout the supply chain
remains low, and
improvements in end- market demand quickly flow through as increased
demand for AVX products.
The passives components maker had a cash balance of $751.3 million at quarter's end.