JACKSON, MI – EMS provider Sparton Corporation announced sales for its 2007 fiscal third quarter totaled $47.7 million, an increase of $2.4 million year-over-year. Medical/scientific instrumentation sales increased $11.1 million, while aerospace and industrial/other sales were below the prior year.
Sales for the nine months ended Mar. 31 totaled $149 million, an increase of $28.8 million from the same period last year. Medical/scientific instrumentation sales increased $35.2 million. Year-to-date aerospace sales also increased compared to the prior year. Year-to-date industrial/other sales decreased slightly, while government sales, both for the quarter and year-to-date, were below the prior year.
ST. LOUIS – LaBarge, Inc. today reported fiscal 2007 third quarter sales were $59.6 million, up 26% year-over-year. Third-quarter profit increased 23% to $2.8 million, compared to $2.3 million last year.
For the nine months ended Apr.1, sales were $170.3 million, up 26% from $135 million year-over-year. Profit for this period increased 21% to $8.5 million.
During the third quarter, shipments to defense customers were the largest contributor to revenues, accounting for 39% of sales, versus 38% in the fiscal third quarter of 2006.
EL SEGUNDO, CA – iSuppli Corp. will host a free Webinar, IP/Networked Video Surveillance: Equipment and Semiconductors, on May 15 at 8:30 a.m. PST. Mark Kirstein, vice president, multimedia content & services, will discuss the current market for video surveillance systems; market sizes and trends for surveillance equipment; trends for surveillance semiconductors, and new technologies enabling fresh areas of growth.
The Webinar will also answer such questions as who the leaders in video surveillance are; why networked DVRs have replaced regular digital recorders in modern surveillance systems; what the fastest growing segment of the video surveillance market is, and where opportunities and challenges reside for equipment and technology providers in this market.
For more information, please visit: http://www.isuppli.com/events/default.asp?EventCode=WB.
CAPE TOWN, SOUTH AFRICA – In March Tellumat acquired Pertec Ltd.’s EMS subsidiary Rhomco. No financial terms were announced.
Rhomco’s operations will transfer from Diep River to Cape Town, where Tellumat is located. The addition will add about 40% to Tellumat’s capacity, said CEO Rasheed Hargey.
Tellumat’s EMS group builds for the telecom and medical markets.
HO CHI MINH CITY – Jabil Circuit Inc. has reported an initial investment of $30 million in a facility in Ho Chi Minh City, Vietnam, which is scheduled to be operational next month.
Located in Saigon Hi-Tech Park, the 55,000 sq. ft. facility (expandable to 120,000 sq. ft.) is the first plant in the country for Jabil.
WESTLAKE, OH – Nordson Corporation today announced that it has acquired YESTech Inc. and PICO Dosiertechnik (Picodostec) in two separate transactions totaling $53 million. Both companies will become part of Nordson's Advanced Technology Systems segment.
YESTech provides AOI and x-ray inspection systems and will be integrated into Nordson's Dage Holdings subsidiary. YESTech employs 23 people and is headquartered in San Clemente, CA.
Picodostec manufactures piezoelectric technology dispensing systems. The company is headquartered near Munich and employs 12 people; it will operate as part of Nordson's Asymtek subsidiary.
Together, YESTech and Picodostec had 2006 revenues of approximately $20 million. From 2004 to 2006, revenues grew at an average of 57% per year.
