News
Thief River Falls, MN - Digi-Key signed an agreement to globally distribute SMC’s pressure switches, vacuum switches, digital pressure regulators, digital flow switches and accessories. The parts are available directly from Digi-Key.
TORTOLA, BRITISH VIRGIN ISLANDS --
Bonso Electronics International, a maker of sensor and communications products, reported net sales rose 29.7% to $20.7 million for the three month period ended Sept. 30. Net income rose 98% to $483,000 during that time.
Prices for oil, raw material and labor cut the gross profit margin from 19.7% to 18.9% in the quarter.
PHOENIX -- Electronics manufacturing solutions provider Suntron Corp. today reported an operating loss of $2.6 million on net sales of $70.6 million for its third quarter. The net loss increased $2.2 million to $3.7 million.
The results include $1.2 million of professional fees related to outstanding litigation and $1.1 million of restructuring charges related to severance, retention and lease exit costs tied to the closure of two U.S. manufacturing operations.
The results include $1.2 million of professional fees related to outstanding litigation and $1.1 million of restructuring charges related to severance, retention and lease exit costs tied to the closure of two U.S. manufacturing operations.
TAMPA, FL -- Electronics manufacturing services provider Reptron Electronics has had discussions with certain parties regarding a potential privately negotiated purchase of its senior secured notes.
The company has retained Jefferies Broadview as financial advisor.
The discussions are onoing and no agreements have been reached, the company said.
The company has retained Jefferies Broadview as financial advisor.
The discussions are onoing and no agreements have been reached, the company said.
SIOUX FALLS, SD -- Raven Industries reported third-quarter net sales rose 6% to $57.4 million and net income was relatively flat at $7 million for the period ended Oct. 31.
The company's Electronic Systems division reported record quarterly revenues and strong incremental profitability.
The company's Electronic Systems division reported record quarterly revenues and strong incremental profitability.
SAN JOSE -- Sanmina-SCI Corp.'s fourth-quarter sales fell 2% to $2.77 billion
versus last year, the company said last night. The company provided preliminary results but did not release full
results due to an ongoing restatement of past financial reports, It said it expects to post
between a penny-per-share loss and profit of 1 cent per share,
excluding one-time items.
In a research note, Deutsche Bank analyst Carter Shoop called the fiscal 2007 guidance "bullish," adding, "We believe the low-end of guidance will prove difficult to achieve."
For the year, sales fell 6% to $10.96 billion.
In a research note, Deutsche Bank analyst Carter Shoop called the fiscal 2007 guidance "bullish," adding, "We believe the low-end of guidance will prove difficult to achieve."
Press Releases
- Altus Partners with Sellectronics to Enhance Manufacturing Capabilities with PVA Delta 8 System
- ITW EAE Celebrates Major Milestone in Domestic Manufacturing Expansion
- Micro Technology Services Selects PBT Works CompaCLEAN III for Advanced PCB Cleaning Performance
- Indium Corp. is Electrifying the Future with Advanced Materials Solutions at Productronica