-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
SigmaTron Reports FY2015 Revenue of $230.2M
July 24, 2015 | Globe NewswireEstimated reading time: 2 minutes
SigmaTron International, Inc., an electronic manufacturing services company, today reported revenues and earnings for the fiscal year ended April 30, 2015. Revenues increased to $230.2 million in fiscal year 2015 from $222.5 million in the prior fiscal year. Net income decreased to $903,412 in fiscal year 2015 compared to $2,918,691 in fiscal year 2014. Basic and diluted earnings per share for the fiscal year ended April 30, 2015 were each $0.22 compared to $0.74 and $0.72, respectively in fiscal year 2014.
For the fourth quarter of fiscal year 2015, revenues increased to $60 million compared to $55.6 million for the same quarter in the prior fiscal year. Basic and diluted earnings per share for the fiscal year 2015 fourth quarter were each $0.04 compared to basic and diluted earnings per share of $0.11 and $0.10, respectively for the same period of fiscal year 2014.
Commenting on SigmaTron's results, Gary R. Fairhead, President, Chief Executive Officer and Chairman of the Board, said, "I'm pleased to report that SigmaTron was profitable during the fourth quarter of fiscal year 2015, as well as for the entire fiscal year. The profits for the fourth quarter and the year were both disappointing in comparison to the same periods in the prior fiscal year. The results reflect the choppy economy we are dealing with both in the United States and globally. As previously reported, the first quarter Gross Domestic Product (GDP) for the United States actually contracted, which we believe caused our customers to adjust their orders and requirements which negatively impacted our results.
"We saw modest revenue increases for fiscal year 2015 and for the fourth quarter when comparing to equivalent periods of fiscal year 2014. The rescheduling of orders negatively impacted what we thought would be a much stronger quarter ending the fiscal year.
"On a positive note, new programs launched during the fourth quarter. The new programs are with existing customers that we have long-term relationships with and new customers that we are excited to be partnering with. We have also seen gains in markets that we have been actively pursuing. Hence, we are optimistic heading into fiscal year 2016 that much of our hard work during the past two fiscal years will begin to pay off in terms of increased revenues and income.
"With that said, margin pressures continue from both vendors and customers. However, we feel that we have done a good job of addressing those pressures from a manufacturing and supply chain perspective.
"Once again, at fiscal year-end, I take this opportunity to thank our customers, supply chain, our bank, Wells Fargo Bank N.A., our Board of Directors and, most importantly, our excellent SigmaTron team, that contributed to making fiscal 2015 a profitable and successful year."
About SigmaTron International, Inc.
Headquartered in Elk Grove Village, IL, SigmaTron International, Inc. is an electronic manufacturing services company that provides printed circuit board assemblies and completely assembled electronic products. SigmaTron International, Inc. operates manufacturing facilities in Elk Grove Village, Illinois; Acuna, Chihuahua, and Tijuana Mexico; Union City, California; Suzhou, China, and Ho Chi Minh City, Vietnam. SigmaTron International, Inc. maintains engineering and materials sourcing offices in Elgin, Illinois and Taipei, Taiwan.
Suggested Items
ZESTRON Welcomes Whitlock Associates as New Addition to their Existing Rep Team in Florida
04/19/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, is thrilled to announce the addition of Whitlock Associates to its esteemed network of sales representatives.
Real Time with... IPC APEX EXPO 2024: AI Implementation at Omron
04/18/2024 | Real Time with...IPC APEX EXPOEditor Nolan Johnson and Omron Product Manager Nick Fieldhouse discuss the company's focus on AI implementation to enhance customer experience and results. They address programming challenges and how AI can help customers achieve better outcomes with less experience. Omron's AI is compatible with existing systems, facilitating easy upgrades.
Cadence Unveils Palladium Z3 and Protium X3 Systems
04/18/2024 | Cadence Design SystemsThe Palladium Z3 and Protium X3 systems offer increased capacity, and scale from job sizes of 16 million gates up to 48 billion gates, so the largest SoCs can be tested as a whole rather than just partial models, ensuring proper functionality and performance.
Ark Electronics Expands Global Manufacturing Factory Network in North America and Europe
04/17/2024 | PRNewswireElectronic Manufacturing Company Ark Electronics recently announced the expansion of its Global Factory Network with the addition of Electronics Manufacturing Service (EMS) capabilities in Mexico and Europe.
New Yorker, Geyer Electronic Sign New Distribution Agreement
04/16/2024 | New Yorker Electronics Co.New Yorker Electronics, global distributor of electronic components, recently announced a new franchised distribution agreement with Geyer Electronic. Geyer is an international manufacturer of Quart Crystals, Oscillators and Resonators.