JACKSON, MI -- Electronics manufacturing services provider Sparton Corp. reported first quarter 2007 sales rose 29% to $48.3 million but the net loss widened 92% to $2.5 million versus last year.
Sales were stronger in all segments except government, which declined significantly due to several unsuccessful sonobuoy drop tests. The failed tests incurred higher program costs and resulted in lost contracts, Sparton said.
LAKE TAHOE, CA – The ESD Association seeks abstracts for the International Electrostatic Discharge Workshop next May in California.
The workshop will focus on robust design and test of ESD protection for state-of-the-art integrated circuits, advanced semiconductor system on chip, and system in package applications. This event is closely aligned with the association’s EOS/ESD Symposium.
Presentation proposals are sought on novel design concepts, special custom design approaches, technology integration issues, failure analysis, test structures, simulation tools, ESD testing, ESD characterization, system level ESD issues, or unresolved issues.
The workshop takes place May 14-17, at the Stanford (CA) Sierra Conference Center. Abstracts are due Nov. 17.
For more information, visit www.esda.org.
The workshop will focus on robust design and test of ESD protection for state-of-the-art integrated circuits, advanced semiconductor system on chip, and system in package applications. This event is closely aligned with the association’s EOS/ESD Symposium.
Presentation proposals are sought on novel design concepts, special custom design approaches, technology integration issues, failure analysis, test structures, simulation tools, ESD testing, ESD characterization, system level ESD issues, or unresolved issues.
The workshop takes place May 14-17, at the Stanford (CA) Sierra Conference Center. Abstracts are due Nov. 17.
For more information, visit www.esda.org.
ELKHART, IN – CTS Corp. reported third-quarter revenues of $165.7 million, up 11% over a year ago.
Sales at its EMS unit rose 13% to $100.8 million, driven by defense, communications and medical demand. Operating earnings increased $1.2 million on higher volumes and improved product mix. Sequentially, EMS sales rose 7%.
"Despite a challenging quarter from an operational perspective, relating to problems with a new automotive product launch, year-over-year sales trends remain positive, reflecting continued success with our growth initiatives. During the third quarter, we won two additional platforms for our accelerator pedal module and continued the strong pace of design wins for electronic components in infrastructure applications," said Donald Schwanz, chairman and chief executive.
CTS reiterated its prior full-year guidance of 6 to 8% sales growth, but lowered its profits guidance by 3 cents.
"Despite a challenging quarter from an operational perspective, relating to problems with a new automotive product launch, year-over-year sales trends remain positive, reflecting continued success with our growth initiatives. During the third quarter, we won two additional platforms for our accelerator pedal module and continued the strong pace of design wins for electronic components in infrastructure applications," said Donald Schwanz, chairman and chief executive.
CTS reiterated its prior full-year guidance of 6 to 8% sales growth, but lowered its profits guidance by 3 cents.
SAN JOSE – Flextronics reported a 23% rise in second-quarter net sales from continuing operations of $4.7 billion, a record. GAAP net income was a record $185 million for the second quarter ended Sept. 30, compared to a loss of $2 million a year ago.
Sales were up 16% sequentially. Operating margins at its EMS business improved by 10 basis points year-over-year and gross margin improved sequentially by 10 basis points.
MYRTLE BEACH, SC -- Passives components maker AVX Corp. reported second-quarter net income jumped 128% to $38.8 million over last year, while sales grew 15% to $374.6 million.
In a statement, chief executive and president John Gilbertson said, "After a good first quarter, we have seen continued growth in demand throughout the second quarter in all market segments."
STOCKHOLM -- Mydata Automation last month named Bengt Broman as its next president, replacing Mårten Lundberg, who is leaving the company after 18 years.
Broman is currently president of Teracom AB, and is a former president of LGP Allgon, which was partly owned by Mydata's parent, Skanditek.
In a press release, Broman said, "Mydata is a successful Swedish innovation company with a strong global position within its market segment. It will be extremely stimulating leading Mydata and its competent employees into the next phase of its development. My previous experience with Skanditek as principal owner is that the company adopts a long-term industrial approach, which I support."
Lundberg's will remain president until Broman is able to begin, which is expected to be sometime in early 2007. The company did not announce a transition date.
Under Lundberg, the company's annual sales grew from 28 million Krona ($3.83 million) in 1988 to 643 million Krona ($88 million) in 2005.
Broman is currently president of Teracom AB, and is a former president of LGP Allgon, which was partly owned by Mydata's parent, Skanditek.
In a press release, Broman said, "Mydata is a successful Swedish innovation company with a strong global position within its market segment. It will be extremely stimulating leading Mydata and its competent employees into the next phase of its development. My previous experience with Skanditek as principal owner is that the company adopts a long-term industrial approach, which I support."
Lundberg's will remain president until Broman is able to begin, which is expected to be sometime in early 2007. The company did not announce a transition date.
Under Lundberg, the company's annual sales grew from 28 million Krona ($3.83 million) in 1988 to 643 million Krona ($88 million) in 2005.
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