SCHAUMBURG, IL – Sparton Corp. reported first-quarter fiscal 2011 net income of $4.1 million, up 193% year-over-year.

Net sales were $45.8 million, down 4.9% compared to the same period last year, reflecting lower sales from the EMS segment due in part to the full disengagement from Honeywell during the first half of fiscal 2010.

EMS segment sales for the quarter were $12.3 million, down 30% compared to the same fiscal 2010 quarter. Gross profit for the segment was $907,000, down 10.9% year-over-year.

The gross profit percentage on EMS sales increased to 7%, compared to 6% for the same period last year.

"Within our EMS segment, we saw improved performance as a result of our aggressive cost improvement program," said Sparton president and CEO Cary Wood. "Volume, combined with continued production efficiencies, will be the key to sustained profitability of our EMS business. While current manufacturing schedules for the second quarter reflect lesser demand from certain customers in this segment, we remain confident in our ability to recover this sales volume in future quarters based on overall segment backlog and recent new business development wins."

BILLINGSTAD, NORWAY -- Kitron swung to a third-quarter net profit of NOK 5.1 million ($864,250), up from a loss of NOK $661,000 a year ago.

TORONTO -- SMTC Corp. reported third-quarter net income rose 1,100% from a year ago to $2.6 million.

NEW YORK -- Electronics manufacturing services companies built inventory in the September quarter, the second straight period component stocks have risen.