LOUISVILLE, KY – Sypris Solutions reported first-quarter revenue of $96.5 million, up 27% year-over-year.

Net income was $5.3 million, an increase of 152.4% compared to the same period last year.

Revenue for the Electronics Group was $13.9 million, down 14.7% compared to the first quarter of 2011, but up 23% sequentially.

Gross profit for the quarter was $2.6 million, or 18.6% of revenue, compared to $3 million, or 18.5% of revenue for the same period in 2011.

The company expects the Electronics Group to see progressive recovery in shipments and margins throughout the coming year.

DUSSELDORF – Henkel’s sales in the first quarter of 2012 were 4 billion euro, up 4.8% year-over-year.

The Adhesive Technologies business sector generated organic sales growth of 5.6%.

Net income for the quarter improved 30.3% to 378 million euro.

Adjusted operating profit improved 16.6% to 551 million euro, with all three business sectors contributing. Operating profit increased 25.2% to 538 million euro.
The Adhesive Technologies business sector recorded a sales increase of 6.2% to 2 billion euro. Organic sales rose 5.6%.

Adjusted operating profit in the Adhesive Technologies business sector showed a significant increase compared to the prior-year quarter, rising 16.9% to 289 million euro. Operating profit rose to 283 million euro, up 16.2% versus the prior-year period.

Total sales in Western Europe amounted to 1.44 billion euro, roughly flat with the previous year period. Sales in Eastern Europe rose 3% to 675 million euro. Nominal sales in the Africa/Middle East region went up 16.8% to 259 million euro. Sales in North America increased 10.4% to 746 million euro.

The Latin America region realized sales growth of 3.9% to 263 million euro. In the Asia-Pacific region, sales rose 9.7% to 589 million euro. Emerging markets of Eastern Europe, Africa/Middle East, Latin America and Asia (excluding Japan) recorded sales growth of 6.7% to 1.64 billion euro.

Henkel continues to expect organic sales growth of between 3% and 5% for fiscal 2012. For the Adhesive Technologies business sector, Henkel expects sales to grow in the mid single-digit percentage range.

EUR 1 = US$1.2845

ST. PETERSBURG, FL -- Jabil is leveraging its after-market services to gain a greater share of the Internet mobility market.

PATHUMTANI, THAILAND -- SVI Public Co. reported first quarter net income of 271 million baht ($8.64 million), up 23% from last year.

WILMINGTON, DE -- A memorial service for Dr. Bill Kenyon will be held here May 26, giving his friends and colleagues the opportunity to pay their respects.

SANTA CLARA, CA -- Large–area TFT LCD panel shipments have declined the past two quarters, but that's about to change.

OXFORD, CT – MIRTEC reported first-quarter 2012 sales revenue growth of more than 18% year-over-year for its North American sales and service division. 

The firm attributes this growth to the MV-7 inline AOI product series.

BANNOCKBURN, IL – IPC’s chairman today urged the US Congress to change a proposed Securities and Exchange Commission rule on conflict minerals.

MINNEAPOLIS – Electronics manufacturing services company Nortech Systems reported net sales of $28.4 million for the first quarter, down 2% year-over-year.

Net income was $122,805, up 25% compared to the first quarter of 2011. Income from operations rose 15% to $328,430.

 “We’re pleased with our improvements in operating profits during the first quarter,” said Mike Degen, Nortech Systems’ president and CEO. “The progress we’ve made integrating our acquisitions, along with our ability to better control costs and expenses, helped us generate $2.7 million in operating cash flow for the quarter.
“We’re seeing encouraging signs from certain industrial and medical customers, evidenced by our backlog positions in these markets registering modest single-digit increases since year-end,” he added.

TORONTO – Electronics manufacturing services firm SMTC Corp. reported first-quarter revenue was $72.5 million, up 29% year-over-year, and a slight increase over the previous quarter.

Net income was $2.44 million, up 227% year-over-year.

Adjusted EBITDA was $4.3 million, up 87% compared to the first quarter of 2011, and a slight increase sequentially.

“Revenue for the quarter was at its highest level since the fourth quarter of 2006. For the balance of 2012, we anticipate continued strong top and bottom line performance in line with our previously announced guidance,” said co-CEO Claude Germain.

SHANGHAI -- Tied by its manufacturing relationship and mass criticism of its worker relations, Apple and Foxconn will jointly underwrite the costs to improve labor conditions at Foxconn's China plants.

Foxconn chairman Terry Gou made the remarks during a ground-breaking ceremony for its new headquarters here. No dollar figure was provided, but the public relations spin was evident:

"We've discovered that this (improving factory conditions) is not a cost. It is a competitive strength," Gou reportedly said, according to Reuters. "I believe Apple sees this as a competitive strength along with us, and so we will split the initial costs."

WARRENDALE, PA -- SAE International has published a standard governing procurement practices to ensure valid components.