ST. LOUIS – DDi and Viasystems are both estimating sales gains for their respective first fiscal quarters. The two companies are merging in a $282 million deal within the next quarter.
DDi last night said first-quarter 2012 net sales were $68.9 million, up 3.7% year-over-year, and up 6.8% sequentially. The printed circuit board fabricator estimates net income of $6.3 million, up 26% year-over-year, and down 6% sequentially.
The book-to-bill ratio for the quarter was approximately 1.08, the firm said. The increase in net sales is attributed to stronger demand for products for communications, computer, consumer electronics and automotive, partially offset by lower sales in military and aerospace, instrumentation and medical, and business retail.
For its part, Viasystems estimated first-quarter net sales of $262 million, a year-over-year increase of approximately 10%, and a sequential decrease of approximately 3%. Orders during the quarter improved both year-over-year and sequentially, and were approximately 8% greater than estimated net sales for the period.
Estimated operating income was $5 million, which is net of approximately $7 million restructuring costs in connection with the previously announced closures of two factories in China, and approximately $1 million costs incurred in connection with the DDi acquisition.
Viasystems provides multilayer PCBs and electromechanical solutions.