SigmaTron Q1 Sales Down 8%
Published: 11 March 2008
by Mike Buetow
In a statement, president and chief executive Gary R. Fairhead, "While I am pleased to report third quarter and year-to-date profits that are ahead of last year's results for the same periods, I am disappointed that I am not able to report higher profits than those posted. Our environment remains difficult, with continuing pricing pressure from both customers and suppliers."
As a result, the EMS provider said it would migrate certain products to lower-cost operations.
During the third quarter, the company was weighed down by its Tijuana, Mexico, operation. "We have recently seen increased interest in our Tijuana operation," said Fairhead, "and I continue to believe that Tijuana remains strategically important to our future success on the West Coast. We are continuing to make progress regarding our operational issues in Tijuana."
