ELK GROVE VILLAGE, IL – EMS firm SigmaTron International Inc. today reported fourth-quarter revenues were $35 million, up 29% compared to the same quarter last year.

Fiscal year 2010 revenues decreased 8.4% year-over-year to $122.5 million. Net income increased nearly 15% to $2.24 million compared to fiscal 2009.

“Our results for both the fourth quarter and fiscal 2010 were positively impacted by a gain recorded as required under GAAP for an insurance settlement made during the year,” said Gary R. Fairhead, president and CEO.

“The fiscal year 2010 results were positive when compared to fiscal 2009, aided in part by the gain from the insurance settlement, which resulted in nominally higher net income and earnings per share this fiscal year. However, I believe that the primary point is that the revenue and earnings trend has been upward and positive for two quarters, and we have continuing momentum heading into the first quarter of fiscal 2011.”