News
LOUISVILLE, KY -- Sypris Solutions today reported third-quarter net income fell 21% to $3 million despite record
revenue. Net orders for the quarter reached a record $139.2 million, driven by
an 83% increase in bookings for electronics.
MINNEAPOLIS -- CyberOptics Corp. today reported September quarter net
income of $626,000 on revenues of
$10.3 million. Both figures represented a sharp drop from Q3 2004, when the maker of sensors and inspection gear reported
earnings of $3.6 million on revenues of
$19.4 million.
MYRTLE BEACH, SC -- AVX Corp. reported net income fell 8.7% to
$17 million on a 1% drop in net sales to $325.9 million in the
September quarter. Net income and sales were sequentially higher.
Chief executive and president John Gilbertson said, "The sales increases during the last three quarters indicate that end market growth is continuing, and this is a positive sign for AVX and the industry."
Income from operations improved sequentially to $19.2 million for the quarter, due to lower operating costs and greater production in low-cost regions.
"We have been able to improve profit margins during the past two quarters while reducing inventory levels," Gilbertson said. "We believe that inventory throughout the supply chain remains low, and improvements in end- market demand quickly flow through as increased demand for AVX products.
The passives components maker had a cash balance of $751.3 million at quarter's end.
Chief executive and president John Gilbertson said, "The sales increases during the last three quarters indicate that end market growth is continuing, and this is a positive sign for AVX and the industry."
Income from operations improved sequentially to $19.2 million for the quarter, due to lower operating costs and greater production in low-cost regions.
"We have been able to improve profit margins during the past two quarters while reducing inventory levels," Gilbertson said. "We believe that inventory throughout the supply chain remains low, and improvements in end- market demand quickly flow through as increased demand for AVX products.
The passives components maker had a cash balance of $751.3 million at quarter's end.
MILWAUKIE, OR -- ECD Inc., a maker of temperature profiling equipment, today named Kasion Automation Ltd., as its first ECD "Super M.O.L.E. Gold" qualified calibration
center in China.
The move will save costs and reduce delivery times for calibration customers, ECD said.
Kasion is also an exclusive distributor of ECD products.
The move will save costs and reduce delivery times for calibration customers, ECD said.
Kasion is also an exclusive distributor of ECD products.
BANNOCKBURN, IL – Jure Sola, chief executive and chairman
of Sanmina-SCI, will keynote the Apex trade show in February.
Sola's Feb. 8 talk will cover competing in today’s global economy, the ongoing expansion of the EMS industry and how Sanmina-SCI plans to capture more customers.
Sola cofounded Sanmina in 1980. Following its merger with SCI, the company is one of the world’s three largest EMS companies.
Sola's Feb. 8 talk will cover competing in today’s global economy, the ongoing expansion of the EMS industry and how Sanmina-SCI plans to capture more customers.
Sola cofounded Sanmina in 1980. Following its merger with SCI, the company is one of the world’s three largest EMS companies.
GREENVILLE, SC -- Passives maker Kemet Corp. today reported a September quarter net loss of $1.9 million on net sales of $116.6 million.
Before special charges, net income was $1.3 million.
Chief executive Per Loof said, "The improvement in our results was a combination of higher sales volumes and our recent cost reduction actions.
Adjusted average selling prices fell 3% to 4% sequentially. Capacity utilization remains at approximately 85%.
The company in September began shipping commercial volumes of tantalum polymer capacitors from its second facility in Suzhou, China.
As of Sept. 30, Kemet had $213.0 million in cash and securities and $100 million in debt.
Before special charges, net income was $1.3 million.
Chief executive Per Loof said, "The improvement in our results was a combination of higher sales volumes and our recent cost reduction actions.
Adjusted average selling prices fell 3% to 4% sequentially. Capacity utilization remains at approximately 85%.
The company in September began shipping commercial volumes of tantalum polymer capacitors from its second facility in Suzhou, China.
As of Sept. 30, Kemet had $213.0 million in cash and securities and $100 million in debt.
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