SAN JOSE -- Flextronics today announced fiscal third-quarter net income slipped 3.6% to $145.2 million. For the period ended Dec. 31, the EMS company had net sales of $7.2 billion, up 16.7% and exceeding previous company guidance of $6.5 billion to $6.9 billion.
WASHINGTON -- President Obama punctuated his annual State of the Union address last night with another call for greater emphasis on domestic manufacturing. The president used his platform to call for the creation of six new high-tech manufacturing hubs in the US this year.
MANASSAS, VA – Zestron has named Todd Scheerer executive vice president of its America business unit, responsible for business development in the US, Canada and South America. Scheerer has more than 20 years' experience in chemical and materials, the last 10 in technical and commercial global management positions within GE Power & Water.
HAWTHORNE, CA -- OSI Systems today reported second fiscal quarters ales at its Optoelectronics business unit rose 33% year-over-year to $76.4 million. The unit, which provides components and electronics manufacturing services, helped boost the company's overall net sales 22% over the prior year.
GLENVIEW, IL -- Illinois Tool Works today reported fourth-quarter revenue at its Test & Measurement and Electronics business unit rose 1.2% year-over-year to $559 million. Operating margin rose 250 basis points to 15.7% for the period ended Dec. 31.
SAN JOSE – Sanmina today reported first-quarter revenue for the period ended Dec. 28 of $1.45 billion, down 2.7% compared to the fiscal first quarter of 2013, and down nearly 4% sequentially. Net income for the quarter was $23.1 million, compared to $621,000 for the same period a year ago.
