ELK GROVE VILLAGE, IL – SigmaTron International reported fiscal third quarter revenue of $65.7 million, up 5.6% year-over-year.

Net income for the quarter ended Jan. 31 was $31,338, compared to a net loss of $47,852 for the same period in the prior year.

For the nine months ended Jan. 31, revenue was $209.9 million, an increase of 11.9% year-over-year.  Net income was $1.15 million, compared to $132,040 during the same period last year.

“I’m disappointed to report a small profit for the third quarter,” said Gary R. Fairhead, CEO, president and chairman of the board. “As stated in our second quarter press release, we saw some slowing trends in revenue that negatively impacted our results. This is the same thing we saw last year for the third quarter…component shortages continued through the third quarter and will likely continue through the fourth quarter.  This has the dual effect of lowering revenue and increasing inventory as we wait for parts to arrive. The component shortages have been driven by the overall stronger economy and increased emphasis on electric vehicles and server farms, as well as cellphones.”

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