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DDi Reports Q1 Net Income Up 26% YoY

Published: 25 April 2012
 by Staff

ANAHEIM – DDi reported first-quarter net sales of $68.9 million, up 3.7% year-over-year and up 6.8% sequentially.

The company, which is merging with Viasystems, reported net income was $6.3 million, up 26% year-over-year and down 6% sequentially. Operating income was $6.8 million, or 9.8% of net sales, up 26% year-over-year and down 2.9% sequentially.

Orders as of Mar. 31 were $74.2 million, and the company's book-to-bill ratio was 1.08.

As of Mar. 31, DDi's cash and cash equivalents fell $2 million sequentially to $29.2 million, in part due to the purchase of a new building in Anaheim for $7.5 million.

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