SPOKANE VALLEY, WA -- Key Tronic today announced March quarter net profit of $2.9 million, down 14.7% from a year ago.

DUBLIN, IRELAND -- Global sales of nondestructive test equipment will grow at an annual compound rate of 7.82% from 2012 to 2016, a new report forecasts.

OYSTER BAY, NY -- An estimated 405 million handsets, including 197 million smartphones, were shipped in the first quarter, according to market research firm ABI Research.

SINGAPORE – Flextronics posted net sales for the fourth-quarter ended Mar. 31 of $5.3 billion, down 17% year-over-year.

BANNOCKBURN, IL – IPC today reported total North American printed circuit board shipments were down 2.1% in March compared to the same month last year. Orders decreased 2.3% year-over-year.

BANGKOK – Fabrinet reported revenue of $155.6 million for the third quarter of fiscal 2013, up 11.9% year-over-year.

MASON, OH – Epic Technologies has relocated its operations from a 56,000 sq. ft. facility in Lebanon, OH, to a 74,000 sq. ft. facility here.

TORONTO -- SMTC executive vice president-operations Paul Blom resigned today, effective immediately.

NEW YORK -- Global spending on enterprise network infrastructure is expected to grow 5.1% year-over-year, according to the latest data from Gartner.

SAN FRANCISCO -- IC revenue is expected to grow an aggregate 28.7% between 2012 and 2017, according to a new study from New Ventures Research.

IC packaging revenue will grow even faster -- 33.5% over the next five years.

SHENZHEN -- Nam Tai Electronics's first-quarter revenue shot up 102% year-over-year as the contract assembler continued its hot streak. Despite the gains, however, the EMS firm warned of problems ahead.

BILLINGSTAD, NORWAY -- Two days after announcing the resignation of its CEO, Kitron's management changes continued with the appointment of Cathrin Nylander as chief financial officer.