LISLE, IL – Molex Inc. reported a fourth-quarter loss of $219.7 million, compared to a profit of $52.6 million last year.

Adjusted profits, excluding a $171 million impairment charge, were $1.3 million. Revenue for the quarter dropped 35% from last year to $570.6 million.

The company reports orders for the June quarter fell 33% to $576 million, while the order backlog was down 42% to $253 million year-over-year.

Over the past three quarters, Molex has cut 24% of its workforce.