Viasystems' PCB Sales Up 9%; 'Glad 2013 is Over' | Print |  E-mail
Written by Mike Buetow   
Friday, 07 February 2014 14:55

ST. LOUIS -- Viasystems Group today reported fourth-quarter net sales in the company’s printed circuit board segment were up 9% from a year ago to $258 million. Operating income was $11.1 million, up from $2.3 million last year.

The company saw higher demand in automotive, telecommunications, and industrial and instrumentation, partly offset by decreases in military and aerospace and computer and data communications.

Year-over-year, assembly segment net sales increased in the each of the company’s end-markets. Sequentially, sales fell in automotive, industrial & instrumentation, and telecommunications, partly offset by increases in demand from customers in the computer and data communications and military and aerospace end-markets.

Overall company net sales were $303.4 million in the quarter, up 10.9%. Operating income was $11.7 million, andnet income was $5 million.

"I believe we finished the year with some positive momentum that sets us up to continue to make progress on our cost structure in 2014, but in many ways I am glad that 2013 is behind us," said chief executive David Sindelar. "During the past year, we have worked through a number of challenges, including factory relocations, recovery from a fire in one of our largest factories, and new project launches, not to mention the economic pressures from reduced government spending."

 

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