ELK GROVE VILLAGE, IL – Electronics manufacturer SigmaTron International reported fiscal first quarter 2017 revenues ended July 31 of $58.9 million, down 8.3% year-over-year.  

Net income for the period was $146,597, compared to net income of $658,806 in the same quarter last year.  

“I’m pleased to report that SigmaTron was profitable during the first quarter of fiscal 2017,” said Gary R. Fairhead, president, CEO and chairman of the board. “The quarter was a difficult one in terms of revenue, as we saw sales decline 3% from the fourth quarter of fiscal 2016. This is now the third quarter in a row where we have seen a slowing of demand, which we continue to attribute to a sluggish domestic economy and a stagnant global economy.  

“As we enter the second quarter, we are pleased to see revenue rebound somewhat and short-term demand strengthen.  Customers that pushed orders out have begun to pull them in, and we believe in the second quarter revenue should increase.”  

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