Circuits Assembly Online Magazine - Worldwide Manufacturing Records a 5.8% Increase in Q3 Revenues

San Bruno, CA – Worldwide Manufacturing USA Inc. announced record revenues for the third quarter of nearly $3 million, up 5.8% year-over-year.

This increase was the result of an increase in orders, the company said.

Revenues year-to-date were $8.45 million, up approximately 5% compared to the first nine months of last year.

Net income before tax for the third quarter was $137,553, a decrease of approximately 69%, the engineering firm and contract manufacturer said.

This was the result of an increase in public cost, as well as expenses associated with finding potential acquisitions for the company, Worldwide Manufacturing reported.

Year-to-date net profit before tax was $480,994, a decrease of approximately 15.7%.

Jimmy Wang, CEO of Worldwide, stated, "We continue to focus on acquisition targets as well as internal growth. The trend of record revenues continues."