SAN JOSE – After withstanding the economic downturn in 2008-09, Multek has had four straight quarters of increasing revenues, and company executives expect the rise to continue over the next several quarters.

Speaking to analysts this week, Flextronics chief executive Mike McNamara said the Top 10 PCB maker is “crossing break even this quarter,” and “steady improvement” is predicted over the next three or four quarters. “We've had very, very strong book-to-bills in practically every factory, if not every factory,” he said. “We had the same problem in 2001, and we think it's going to come back and perform very, very well.”

Part of Flextronics’ $2 billion Components segment, Multek’s business units include rigid and flex boards, LCD displays, and ITO. “Each and every one of those segments is growing very nicely. McNamara said the company forecasts 30% growth in its Components business units this year.

The unit is forecast to turn profitable beginning in the June or August quarters, and normalized operating profit margin is forecast to top 5% in the medium term, McNamara said.

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