Circuits Assembly Online Magazine - Features

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.

NORTH ANDOVER, MA -- Accent Technologies, a suburban Boston EMS company, has closed its doors.

TORONTO, CANADA -- SMTC will conduct a full physical count of its inventory at the request of its new management following the identification of an overstatement at its EMS operation in Chihuahua, Mexico. SMTC said its financial statements for 2012 and through the first three quarters of 2013 should no longer be relied upon.