News
MINNEAPOLIS – HEI reported first-quarter sales of $9.7 million, up 2.1% year-over-year.
The company generated net income of $186,000 for the period, compared to net income of $293,000 for the same quarter of 2010.
HEI designs, develops and manufactures ultra-miniature microelectronics, substrates, systems, connectivity and software solutions for the medical, hearing, telecommunications, military, aerospace, and industrial markets.
LAS VEGAS – IPC said attendance for Apex Expo 2011 was up 8% over last year with 7,208 total participants.
The number of attendees at the educational programs and exhibition grew an additional 5% over 2010, to 3,887, says IPC. Twenty percent more of these attendees participated in the technical conference and/or professional development courses.
The US show saw a sizable increase in international attendance, representing 52 countries and nearly 20% of all attendees.
Exhibitors numbered 366, up 10% over 2010.
Next year, IPC Apex Expo will take place in San Diego, Feb. 28 to Mar. 1.
DOWNERS GROVE, IL – Dover Corp. said first-quarter revenue was $2 billion, up 24% over the prior-year period.
Net earnings were $194.9 million, up 80.3% compared to the same period of 2010.
Earnings from continuing operations were $183.3 million, up 51% year-over-year.
“Revenue, earnings, bookings and backlog were all up significantly over the prior year. Revenue growth of 24% was above our expectations and largely driven by improving end-markets served by Industrial Products and a very strong energy market. We closed four acquisitions during the quarter, the largest being Harbison-Fischer, and our companies continued to record solid order rates through the first quarter, resulting in a strong book-to-bill of 1.15,” said president and CEO Robert A. Livingston.
The firm expects full-year 2011 revenue growth of 12% to 14%.
Dover provides components, equipment, specialty systems and support services for applications in the industrial products, engineered systems, fluid management and electronic technologies markets.
