Suntron Swings to Q2 Profit
Published: 16 August 2007
by Staff
Gross profit was $5.9 million, down about 5% year-over-year.
Suntron's restructuring activities completed in the first quarter enabled the company to return to profitability, the company said.
A year ago, Suntron reported a net loss of $1.3 million on net sales of $85.1 million.
Gross margin rose to 9.2%, up 1.9 points over last year and 3.9 points sequentially, driven by improved operating efficiencies and lower fixed costs.
"During the second quarter, we achieved net income driven by the results of our rightsizing activities and improved operating efficiencies, and our continued focus on working capital management also played a key role in strengthening our balance sheet," stated Paul Singh, Suntron's president and chief executive.
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