ANAHEIM, CA -- DDi Corp., the third-largest PWB fabricator in North America, reported second-quarter net income of $6 million, up 14 times over a year ago and 58% sequentially.

For the period ended June 30, the printed circuit board maker reported net sales of $68.4 million, up 6% sequentially and 30% year-over-year, including net sales from Coretec. Gross margin expanded 77 basis points sequentially and 443 basis points year-over-year to 22.4%.

Operating income was $6.8 million, compared to operating income of $800,000 in the prior year period. Operating income in the first quarter was $4.9 million.

Adjusted EBITDA grew to $9.8 million, a 16% sequential increase.

In a press release, president and chief executive Mikel Williams said, “We are extremely pleased to achieve another quarter of strong operating and financial performance. Through the ongoing execution of our business strategy, we have continued to build upon our financial position having delivered four consecutive quarters of increasing sales, expanding margins and controlled operating expenses."

Second-quarter bookings  were $69.7 million. Based on orders and macro factors, DDi raised its 2010 sales forecast to 20% to 25% growth over 2009 pro-forma net sales of $220 million.

As of June 30, DDi had total cash and cash equivalents of $15.5 million and total debt of $12.1 million.

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