ELK GROVE VILLAGE, IL -- SigmaTron International today reported fiscal fourth quarter revenues increased 7.9% from last year to $65.6 million.

Net income rose 252% to $1.29 million.

For the fiscal year ended Apr. 30, revenues dipped to $252.2 million from $253.9 million a year ago. Net income decreased 33% to $1.39 million.

Chairman, chief executive and president Gary R. Fairhead said, “I’m pleased to report that SigmaTron had an excellent fourth quarter of fiscal 2017 and closed the year on a positive note. Although several one-time events as well as year-end adjustments contributed to the fourth quarter results, the base business was solid and revenues started what we believe is an upward trend during the quarter.

Fairhead said the business mood is improving but with it comes the possibility of component shortages. “We believe that the election results have generated a more positive attitude regarding the economy for calendar 2017 and at this time we expect this trend to continue. There has been some short-term volatility with our customers compared to their scheduled orders three months ago, but we do expect some additional new customers to come on board later this year. Margin pressures continue but we believe the additional revenue will assist us in managing those pressures. The optimistic economic outlook, however, has created some additional challenges as we are seeing some shortages in the component marketplace that could affect our ability to meet our customers’ backlog. In all cases, each effected customer is working with us to address the issue with the supplier of the component."

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