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Speedline Technologies Continues Strong Financial Performance in Second Quarter
September 8, 2004 |Estimated reading time: Less than a minute
Franklin, Mass. — Speedline Technologies Inc. reports that sales during the second quarter of 2004 were up more than 61 percent over the same period last year.
Bookings also surged dramatically, increasing 85 percent over the first quarter of 2003. At the end of the period, the business backlog was 3.5 times higher than at the same time last year.
Speedline Technologies reports that cell phone and computer production was exceptionally strong, driving higher spending for capital equipment to expand capacity. The company gained market share in several product lines, such as the MPM AccuFlex stencil printer and the Electrovert OmniExcel 7 reflow oven. A strong surge in sales also was seen for the Camalot XyflexPro single- and dual-lane dispensing systems at the end of the second quarter.
Speedline reported that sales for the first half of 2004 were up 52 percent over the same period last year, while bookings climbed 69 percent. The company was profitable throughout the six-month period. Due to extensive growth in business, Speedline expanded operations to two shifts on several key product lines.
Speedline Technologies is the global leader for single-source process knowledge, solutions and service to the PCB assembly and semiconductor packaging industries. For more information, visit www.speedlinetech.com.