ST. LOUIS-- LaBarge today fiscal 2010 second-quarter net sales rose 1% from last year to $69 million. Revenues were up 9.3% sequentially, the electronics manufacturing services provider said.
ESPOO, FINLAND – Elcoteq SE will provide Nokia Corp.’s customers with aftermarket services for their Nokia devices.
Elcoteq is expected to start these operations gradually during the second quarter of 2010.
The firms plan to work as a team on other projects in the near future.
No financial terms of their agreement were disclosed.
Elcoteq has a global network of aftermarket service sites that serve consumer electronics and systems solutions customers.
ELKHART, IN – Electronic components manufacturer and assembly services provider CTS Corp. today reported fourth-quarter 2009 revenues of $133.9 million, up 6% sequentially, and down 18% year-over-year.
Net earnings were $4.1 million, compared to a third-quarter net profit of $4.5 million.
EMS segment sales decreased 3% sequentially and 35% year-over-year to $68.4 million, primarily as a result of lower sales in the defense and aerospace market. The segment reported operating profits of $700,000.
Components and sensors segment revenues increased 17% sequentially, driven by a 24% improvement in automotive product shipments with improved market share. Sales in this sector were 49% of total CTS sales in the fourth quarter, compared to 44% in the third quarter.
Sales of electronic components increased 5% over the third quarter of 2009, primarily from higher demand for wireless infrastructure applications.
Sales in automotive sensors and actuators increased 44% compared to the same period last year.
Full-year 2009 revenue was $499 million, down 28% from 2008.
The firm posted a 2009 net loss of $34.1 million, compared to earnings of $28.1 million in 2008.
Management anticipates 2010 sales to increase in the range of 10% to 15% year-over-year.