ST. LOUIS -- Viasystems Group reported a first-quarter net loss of $5.1 million, down from a profit of $3.8 million a year ago, as restructuring and acquisition charges eroded the bottom line.
SHANGHAI CITY – Foxconn said it would begin construction of its China headquarters here May 10, say reports.
The site will serve as the electronics manufacturer’s mainland operational center, its R & D center in the Yangtze River Delta region, and an e-commerce center.
The building is expected to be completed in 2015.
NEWARK, NY -- IEC Electronics reported fiscal second-quarter net income rose 49% year-over-year to $2.61 million.
LOS ANGELES -- Ducommun last night reported a big first-quarter jump on sales, primarily the result of its acquisition of LaBarge.
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BANGKOK – Fabrinet reported third-quarter fiscal 2012 revenue of $139 million, down 28.7% year-over-year.
MINNEAPOLIS – HEI reported first-quarter sales of $9.1 million, down 6.2% year-over-year.
The firm generated a net loss of $157,000 for the period, compared to net income of $185,000 in the first quarter of 2011.
“Our first-quarter results were negatively impacted by a design contract postponed until late in 2012 by one of our customers in our Boulder operation, which generated an unexpected loss for the Boulder division,” said CEO Mark B. Thomas.
“For our Victoria operation, we succeeded in securing two contracts in April that we have been working on for the past three years, providing components to two government contractors in support of the Joint Tactical Radio Systems or JTRS program for the US military.”
HEI designs and manufactures microelectronics, substrates and software solutions.
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