ANAHEIM, CA - Multi-Fineline Electronix, also known as MFlex, reported revenue for fiscal Q1 (ending December 31) of $184 million. Revenue for the quarter was up 12.1% from a year earlier, and up 3.6% from the September quarter.

The improvement reflects “favorable program mix changes, yield improvements, leveraging of fixed overhead on the higher net sales and internal cost controls.”

For the March quarter, the company sees sequential sales declining, but still up substantially year-over-year.

The company also commented on the possible loss of business due to severe winter weather in China. “As you know, China has recently experienced snow storms that have resulted in power shortages and potential supply shortages due to transportation problems,” President and COO Reza Meshgin said. “Even though these events have not significantly affected our quarter to date, it is possible that adverse weather conditions could negatively affect our performance.”
Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article