HELSINKI -- PKC Group reported second-quarter revenue fell 12.3% year-over-year to EUR 206.2 million.
SIEVI, FINLAND – Contract electronics manufacturer Scanfil reported second-quarter revenue of EUR 60.6 million, up 24.4% year-over-year.
LONDON -- Alent reported first-half pretax profits rose 3.7% from a year ago despite a 9.4% drop in revenue.
ST. LOUIS -- Viasystems narrowed its second-quarter net loss as consolidated sales jumped 5% for the period ended June 30.
Sales at its printed circuit board division rose 9% year-over-year to $262.3 million, offset in part by lower sales at its assembly unit, which fell 14% to $38.6 million.
The net loss for the period was $3.6 million, up from a $10.2 million loss last year.
Net sales were up 5% to $300.9 million on higher automotive electronics sales. The firm also saw "notable contributions" from the telecommunications and military and aerospace end-markets.
"Second quarter results in our Printed Circuit Boards segment reflect improvement in most of our end markets, both sequentially and year-over-year,” Viasystems chief executive David Sindelar said. “However, we are still facing inconsistent customer project demand for our electro-mechanical solutions product offerings, which is included in our Assembly segment.”
Sindelar forecast modest sequential growth, with an overall sales level similar to last year's third quarter of $309.2 million.
GUADALAJARA, MEXICO – Speedline Technologies’ Electrovert division, in concert with Kester and Zestron, will host a free PCB cleaning and reliability workshop here next month.
FRAMINGHAM, MA – Recent volatility will gradually give way to a more positive outlook for IT spending in the second half of 2014, leading a major research firm to up its forecast for the sector today.
DONGGUAN, CHINA – Samsung Electronics said it would do 30% less business with a China-based parts supplier after uncovering employment of child workers there.
NEWARK, NY -- IEC Electronics today said fiscal third quarter net income fell 94% to $22,000 on lower revenue to key end-markets and new program starts that ate into profits.
LOUISVILLE, KY -- Sypris Solutions said second-quarter revenue at its Electronics Group was $9.4 million in the second quarter, an increase of 22%, from the prior year.
WASHINGTON – The 90-day moving average semiconductor sales in June reached $27.57 billion worldwide, the industry’s highest monthly sales ever, the Semiconductor Industry Association said today. Sales were up 10.8% year-over-year and up 2.6% sequentially, the trade group said.
MENTOR, OH ― Libra Industries has acquired fellow EMS firm Tetrad Electronics for an undisclosed amount.
VERNON, CT – North Hartland Tool Corp. has acquired printed circuit board maker TEK Industries, according to reports.