TORONTO -- Celestica this afternoon said third-quarter sales
were down 8% to $1.99 billion, year-over-year. The GAAP loss for the
quarter ended Sept. 30 was $19.6
million, including charges, versus $24.4 million last year.
Operating margins were 2.3%, up from 1.8% a year ago
The comany guided for Q4
revenue of $1.9 billion to $2.1 billion, and adjusted net earnings of $0.10 to $0.18.
NEW YORK -- Dover Corp. today reported profits from
continuing operations rose 18% to $132.6 million and revenue rose 23%
to $1.56 billion for its third quarter ended
Sept. 30. Net income was $122.7
million, including a loss of $9.9 million, versus $120.3 million in
2004.
Income and earnings per share from continuing operations
were at their highest levels since the third quarter of 2000.
ELKHART, IN -- CTS Corp., a manufacturer of electronic
components and sensors and a provider of EMS
services, will build a manufacturing
operation in Ostrava, on the
eastern border of the Czech Republic. Production is expected to start
mid-2006. The facility will initially manufacture automotive products
for the European market.
In a press statement, vice president and general manager of
CTS automotive products Jeff McCurley said, "Our European sales are projected to double
in the next five years. Expansion of our European manufacturing
presence to the Czech Republic will better serve our European
automotive customers. Locating our new plant in Ostrava offers low
costs, availability of technical skills and necessary manufacturing
infrastructure," added McCurley.
CHANDLER, AZ -- Isola said it might raise prices up to 10% due
to cost increases in various raw materials for laminate and prepreg
products. A decision is expected in a few weeks.
Price inflation has been rampant for such materials as
hydrocarbon-based products, copper and even oil. In a press release,
Tim McCloskey, vice president sales, Americas, said, “Recent increases
in the prices of all
hydrocarbon-based products are having a significant impact on the cost
structure throughout the Isola product line. In addition, rising oil
prices have increased operating costs through higher natural gas prices
and freight surcharges. Copper prices continue at record levels in the
commodity markets, driving recent increases from the producers of
electrodeposited copper foil."
"Our goal
is to keep any potential increase in the 8 to 10% range. While we
regret that this action may be necessary, it is quite clear that the
entire supply chain in electronics manufacturing is similarly
affected”, said McCloskey.
Recently, a pair of major Japan-based laminate producers raised prices about 10%.
An announcement detailing the pricing for Isola products is
anticipated in the coming weeks.
SAN JOSE -- North
American-based manufacturers of
semiconductor equipment posted $1.09 billion in orders in September on
a three-month, down 1% from August and 19% from last year. The
book-to-bill ratio was 1.02, the
SEMI trade group said.
GREENVILLE, SC -- Kemet Corp. today said it is in "advanced" negotiations to acquire the tantalum capacitor business of Epcos AG. The deal is expected to close early next year, and no financial terms were disclosed.
Separately, however, Epcos said the proceeds of the sale would improve its net cash
flow by at least 70 million euros.
In a press release, Kemet said the acquisition would increase its access to key markets
including automotive and telecom and broaden its manufacturing base.
The deal hinges on the completion of a definitive agreement, among
other customary business.
Epcos is based in Munich. The tantalum capacitor business was reportedly profitable
business until 2001, but since has been hurt by overcapacity and falling prices.