SPOKANE, WA – EMS firm Key Tronic Corp. reported third-quarter revenue of $47.2 million, up 4% year-over-year. For the first nine months of fiscal 2007, total revenue was $152.6 million, up 13% from last year.
Net income for the quarter was $700,000, down 22% from 2006. Year to-date net income was $2.5 million, down 3.8%.
The company expects fourth quarter revenue of $45 million to $49 million, excluding an anticipated $2.7 million gain from the sale of its Las Cruces facility.
ELKHART, IN – CTS Corp. reported fourth-quarter net earnings rose 2.7% to $7.7 million on a 1% hike in revenues to $173.5 million.
Revenues were boosted by a 17% increase in EMS sales to the defense/aerospace, medical and communications markets, the company said. Components and Sensors sales increased 5%, primarily for automotive products. Sales were partially offset by weakness in electronic component demand and lower component sales for handset applications, CTS reported.
ATLANTA – Mentor Graphics VP and GM Henry Potts’ PCB Design Conference West keynote is now available for free online.
In his talk, Cross Currents: Where PCB Design Meets ICs and Hardware, Potts discusses industry trends such as company and market globalization, outsourcing and new manufacturing technologies.
The 45-minute Webinar was originally presented at PCB West in March and is suitable for engineers, corporate managers, sales and marketing professionals and researchers.
TAIPEI – Foxconn Electronics (Hon Hai Precision Industry) reported another stellar first quarter, with net earnings of $15.6 billion, up 48.9% year-over-year.
SAN JOSE, CA – Monthly worldwide semiconductor sales rose 1% sequentially to $20.3 billion in March, 3.2% higher than the $19.7 billion reported in March 2006, SIA reported today.