Circuits Assembly Online Magazine - Sanmina-SCI’s Q4 Revenue Decreases 7.4% YoY

SAN JOSE, CA – Global EMS provider Sanmina-SCI Corp. reported revenue of $2.5 billion for the fourth quarter of 2007, flat with revenue in the third quarter, and down 7.4% year-over-year.

Year-end revenue was $10.4 billion, down 5.4% compared to 2006.

Net income for the fourth quarter was $10.2 million, compared to a net loss of $22.8 million sequentially, and a net loss of $2.1 million year-over-year.

Net income for the year was $22.8 million, down about 78% compared to the prior year.

Gross profit was $134.1 million, up 10.3% sequentially and 2.3% year-over-year.

The company expects first-quarter 2008 revenue in the range of $2.5 billion to 2.65 billion.