News
DUSSELDORF – Henkel reported third-quarter sales of 3.96 billion euros, up 13.7% year-over-year.
Operating profit rose 73% to 501 million euros. This is primarily due to substantial improvements of adhesive technologies.
The company’s Adhesives unit said quarterly sales were up 19.3%, reaching 1.95 billion euros, outpacing market growth in all regions. The unit includes the Multicore and Loctite brands, among others.
In the first nine months of fiscal 2010, Henkel increased sales 11.1% to 11.36 billion euros compared to the same period of 2009.
Operating profit was 1.34 billion euros, up 70.9% year-over-year.
“This is the first quarter we have ever achieved an adjusted EBIT margin of 13%,” said Kasper Rorsted, chairman of the Henkel management board.
“We expect to achieve an adjusted EBIT margin of well above 12% for 2010, accompanied by an improvement in adjusted earnings per preferred share of more than 45%. 2010 is likely to be the most successful fiscal year in our corporate history.”
1 euro = US$1.3657
MANKATO, MN -- EMS firm Winland Electronics narrowed its third-quarter net loss to $305,000 for the period ended Sept. 30.
TAIPEI -- Foxconn Electronics (Hon Hai) reported October revenues rose 49.8% year-over-year to NT$242.91 billion (US$8.05 billion). Sales slipped 4.2% from September's record mark on currency fluctuations.
MINNEAPOLIS – EMS firm Nortech Systems today reported third-quarter net sales of $26 million, up 39% year-over-year.
SCHAUMBURG, IL – Sparton Corp. reported first-quarter fiscal 2011 net income of $4.1 million, up 193% year-over-year.
Net sales were $45.8 million, down 4.9% compared to the same period last year, reflecting lower sales from the EMS segment due in part to the full disengagement from Honeywell during the first half of fiscal 2010.
EMS segment sales for the quarter were $12.3 million, down 30% compared to the same fiscal 2010 quarter. Gross profit for the segment was $907,000, down 10.9% year-over-year.
The gross profit percentage on EMS sales increased to 7%, compared to 6% for the same period last year.
"Within our EMS segment, we saw improved performance as a result of our aggressive cost improvement program," said Sparton president and CEO Cary Wood. "Volume, combined with continued production efficiencies, will be the key to sustained profitability of our EMS business. While current manufacturing schedules for the second quarter reflect lesser demand from certain customers in this segment, we remain confident in our ability to recover this sales volume in future quarters based on overall segment backlog and recent new business development wins."
BILLINGSTAD, NORWAY -- Kitron swung to a third-quarter net profit of NOK 5.1 million ($864,250), up from a loss of NOK $661,000 a year ago.
