Sanmina Reports Q2 Net Down, Sales Up
Published: 25 April 2008
by Staff
SAN JOSE, CA – Sanmina-SCI Corp. reported a net second-quarter loss, as it reportedly continues to move toward lean manufacturing and increased efficiency to reduce costs.
The company reported a quarterly net loss of $24.4 million as compared to a net loss of $26.1 million for the same period last year.
However, second quarter net sales grew 1.6% to $1.82 billion from $1.79 billion year-over-year.
"We did turn a corner," company chairman and CEO Jure Sola said during a conference call on Wednesday. "We know that this is still a very challenging business, but we are optimistic about the future."
Sola also said that market opportunities in the PCB business are improving, and that the company aims to increase its market share globally, and that it remains committed to improving operating performance.
The company reported a quarterly net loss of $24.4 million as compared to a net loss of $26.1 million for the same period last year.
However, second quarter net sales grew 1.6% to $1.82 billion from $1.79 billion year-over-year.
"We did turn a corner," company chairman and CEO Jure Sola said during a conference call on Wednesday. "We know that this is still a very challenging business, but we are optimistic about the future."
Sola also said that market opportunities in the PCB business are improving, and that the company aims to increase its market share globally, and that it remains committed to improving operating performance.
