News
BILLINGSTAD, NORWAY -- Kitron ASA reported published preliminary third-quarter revenue of about $68 million and earnings before taxes of about $4.12 million.
A year ago, the electronics manufacturing services company reported sales of $55.5 million and gross earnings before taxes of $1.9 million.
A year ago, the electronics manufacturing services company reported sales of $55.5 million and gross earnings before taxes of $1.9 million.
MEDINA, OH – Cletronics Inc., a small EMS company and manufacturer of coils and inductors, will add 12,000 sq. ft. to its factory here as part of a $960,000 expansion.
The company will hire three new full-time workers, bringing its total headcount to 16 (not including two part-timers).
The local county granted the company a 40% tax abatement for 10 years, under terms of the Community Reinvestment Act, according to reports.
BANNOCKBURN, IL – North American PWB shipments in September fell 3.1%, while orders decreased 14.2% year-over-year, IPC said.
Year to date, shipments rose 4.5%, and orders were down 1.1%. Sequentially, combined shipments for September were up 3.8%; orders were up 13.3%. The book-to-bill ratio remained at 0.95.
Year to date, shipments rose 4.5%, and orders were down 1.1%. Sequentially, combined shipments for September were up 3.8%; orders were up 13.3%. The book-to-bill ratio remained at 0.95.
REDMOND, WA – Data I/O announced third-quarter revenues rose 7% to $7.8 million over a year ago, but slipped 3% sequentially.
Net income was $1.2 million, down 25% from last year. Gross margin as a percentage of sales was 60%. Operating expenses were $3.3 million, up $300,000.
Net income was $1.2 million, down 25% from last year. Gross margin as a percentage of sales was 60%. Operating expenses were $3.3 million, up $300,000.
For the quarter, orders fell 16% to $6.9 million. “We were disappointed to see some orders slide out, primarily in Europe and the US, but Asia remained very strong with orders up nearly 50% compared with the same quarter of 2007," said Fred Hume, president and CEO, in a statement.
STOCKHOLM – NOTE today reported September sales of $50.7 million, up 2.2% over a year ago. Operating profits were $1.8 million, down 50%. Net profits were down 59% to $980,000.
The operating margin of 3.6% is down 50% from last year. The EMS company took $1.2 million in restructuring charges for the quarter.
Through September, NOTE had nine-month sales of $164 million and a net profit of $7.3 million. Year-to-date operating profits were $5.6 million. To date, the EMS provider has taken $3.8 million in charges for ongoing restructuring. Profit after items, but before taxes, was $9.8 million, down more than 50% year-over-year. Operating margins are 3.4%, down from 6.5% last year.
NOTE is transferring labor-intensive production and sourcing services to lower-labor rate countries, and cutting its headcount in Sweden by 200 staff, or just over 25%.
BREST, FRANCE – Jabil Circuit will close, sell or otherwise restructure its plant here, a local paper reported this week.
Ouest France is reporting the site’s revenues are 25% below expectations. The plant employs about 300 workers, down from 515 a year ago, when Alcatel-Lucent reportedly moved production from the site to a Solectron (now Flextronics) plant in China.
Jabil acquired the site and its then 700 employees from Alcatel in 2002.
