MILPITAS, CA – Lenthor Engineering reported fourth quarter revenue of $10.3 million, an increase of 12% year-over-year.
Revenue for 2020 was $36.6 million, up 4.3% compared to 2019.
Profits for the fourth quarter and full year both saw significant year-over-year increases, the company says. The increase in profitability can be attributed to 2019 capitalization expenditures coming online during 2019 and 2020.
Lenthor Engineering has $1.5 million in capital expenditures planned for 2021 as a result of forecasted growth in the firm’s military/aerospace, telecomm and medical market segments, along with rebounding semiconductor equipment manufacturing.
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