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MANKATO, MNWinland Electronics Inc. reported third-quarter net sales of $5.1 million, down 26.9% year-over-year.

The firm reported a net loss of $695,000, versus a net profit of $118,000 for the third quarter of 2008.

EMS segment sales for the quarter totaled $4.2 million, down 30.1% year-over-year.

The segment recorded an operating loss of $332,000 in the period, versus an operating profit of $553,000 in the same period last year.

Net sales for the nine months ended Sept. 30 were $18 million, down 13.8% compared to the same period in 2008.

EMS net sales totaled $15.6 million, down 14% year-over-year.

The company reported an operating loss of $1.3 million in the first nine months, versus $1.1 million last year.

Winland’s EMS segment reported operating income of $100,000, compared to operating income of $630,000 reported a year ago.

Winland Electronics designs and manufactures custom electronic control products and systems.

TAMPA, FL -- The US Department of Defense has awarded a multi-year, $200 million contract to Sypris Electronics to build RASKL electronic key fill devices.

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WESSELING, GERMANY -- Finetech has acquired Martin GmbH, a manufacturer of rework and dispensing equipment located here. Read more ...

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