News
OXFORD, CT – MIRTEC reported first-quarter 2012 sales revenue growth of more than 18% year-over-year for its North American sales and service division.
The firm attributes this growth to the MV-7 inline AOI product series.
BANNOCKBURN, IL – IPC’s chairman today urged the US Congress to change a proposed Securities and Exchange Commission rule on conflict minerals.
MINNEAPOLIS – Electronics manufacturing services company Nortech Systems reported net sales of $28.4 million for the first quarter, down 2% year-over-year.
Net income was $122,805, up 25% compared to the first quarter of 2011. Income from operations rose 15% to $328,430.
“We’re pleased with our improvements in operating profits during the first quarter,” said Mike Degen, Nortech Systems’ president and CEO. “The progress we’ve made integrating our acquisitions, along with our ability to better control costs and expenses, helped us generate $2.7 million in operating cash flow for the quarter.
“We’re seeing encouraging signs from certain industrial and medical customers, evidenced by our backlog positions in these markets registering modest single-digit increases since year-end,” he added.
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