News
HIALEAH, FL -- Simclar Inc., the world's 37th largest EMS company, reported June quarter sales rose 22% to $37.1 million on higher demand from existing and new customers. Net income nearly doubled, to $1.4 million, up from $709,033 in the same period in 2006.
Pre-tax income was $2.1 million, up from $1.3 million. Backlogs at quarter's end were $30.6 million, up 8.6% from the end of the first quarter.
In a press statement, chairman Sam Russell said, "We are beginning to realize the increased benefit of the vertical integration of our products. Our cash generation in the first half of the year has been good and has allowed us to make $1.5 million of additional bank loan repayments, over and above our scheduled repayments."
Pre-tax income was $2.1 million, up from $1.3 million. Backlogs at quarter's end were $30.6 million, up 8.6% from the end of the first quarter.
In a press statement, chairman Sam Russell said, "We are beginning to realize the increased benefit of the vertical integration of our products. Our cash generation in the first half of the year has been good and has allowed us to make $1.5 million of additional bank loan repayments, over and above our scheduled repayments."
SAN JOSE – SEMI today reported worldwide semiconductor manufacturing equipment billings reached $11.1 billion in the second quarter. The figure is up 3% sequentially, and about 15% year-over-year.
TAIPEI — Foxconn Electronics reported July non-consolidated revenues of $2.93 billion, up 2.6% sequentially and 39.5% year-over-year, on demand for consumer electronics, PCs and networking devices.
ARLINGTON, VA — Electronic component orders rose in July, boosted by a late rush in June that carried over into the next month, according to the latest monthly average compiled by the Electronic Components, Assemblies & Materials Association.
The 12-month average remained relatively flat, the trade group said.
Orders began picking up momentum in the last weeks of June and continued throughout July, maintaining a pattern of summer acceleration seen in past years.
In a statement, ECA president Bob Willis said, “It looks as if we are on the way to the third straight year of order growth."
The 12-month average remained relatively flat, the trade group said.
Orders began picking up momentum in the last weeks of June and continued throughout July, maintaining a pattern of summer acceleration seen in past years.
In a statement, ECA president Bob Willis said, “It looks as if we are on the way to the third straight year of order growth."
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To register, visit www.speedlinetech.com/seminars.
LAKE FOREST, CA — EMS company Probe Manufacturing reported second-quarter sales fell 50% year-over-year to $1.8 million. Net profits rose 510% to $336,627 for the period ended June 30.
Cash from operations was $161,796, up from $44,143 for the same period in 2006. Debt was cut by $452,055.
Probe reported sales of $1.9 million in the March quarter.
"We are pleased with our results, as we marked the seventh consecutive quarter of positive net income from operations and debt reduction," said Probe CEO Reza Zarif.
For the quarter, half the revenue came from medical, aerospace and alternative energy business, up from 20% in 2006. Probe seeks to focus on the medical device manufacturing, aerospace and alternative energy industries, which management believes to be more stable and less likely to move offshore. Five customers accounted for approximately 77% of sales in the quarter, compared to 93% in 2006.
Cash from operations was $161,796, up from $44,143 for the same period in 2006. Debt was cut by $452,055.
Probe reported sales of $1.9 million in the March quarter.
"We are pleased with our results, as we marked the seventh consecutive quarter of positive net income from operations and debt reduction," said Probe CEO Reza Zarif.
For the quarter, half the revenue came from medical, aerospace and alternative energy business, up from 20% in 2006. Probe seeks to focus on the medical device manufacturing, aerospace and alternative energy industries, which management believes to be more stable and less likely to move offshore. Five customers accounted for approximately 77% of sales in the quarter, compared to 93% in 2006.
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