ELK GROVE VILLAGE, IL – EMS provider SigmaTron International reported second-quarter fiscal 2011 revenues of $38.2 million, up nearly 25% year-over-year.

Net income was $586,050, up 13.3% compared to the prior year period.

For the six months ended Oct. 31, revenues were $76.3 million, up 34.1% year-over-year. Net income for the period was $1.4 million, compared to $114,823 for the same period last year.

“One-time relocation expenses are almost entirely behind us, and starting in the third quarter, we expect that lease expenses for Union City, CA, will decrease by $40,000 per month.

“Our revenue for the second quarter was essentially the same as the first quarter. Our earnings were lower compared to the first quarter, but primarily due to relocation expenses in California. Our backlog remains stable. Our revenue run-rate over the first two quarters of fiscal 2011 is at the strongest revenue level for two consecutive quarters since the 2008 downturn in the economy. Revenue has rebounded nicely and is slightly below the revenue level for the first two quarters of fiscal 2009.

“While it appears that our customers have stabilized their businesses, the continued uncertainty in the economy forces us to remain cautious. Pricing pressures remain with both customers and vendors. We continue to have lead-time issues with several raw material classes.”

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