Sanmina Q3 – revenue up 9%

Revenue for the third quarter was USD 1.60 billion, compared to USD 1.48 billion in the prior quarter and USD 1.49 billion for the same period of fiscal 2013.
GAAP operating income in the third quarter was USD 53.3 million or 3.3 percent of revenue, compared to USD 35.7 million or 2.4 percent of revenue for the same period ended June 29, 2013. GAAP net income in the third quarter was USD 20.7 million, compared to USD 18.7 million for the same period a year ago.

“We delivered a solid third quarter. Revenue was up 9 percent sequentially and 8 percent year over year. Each of our end-market segments grew on a sequential basis, with notable performance from our industrial, medical and defense segment,” stated Jure Sola, Chairman and Chief Executive Officer of Sanmina Corporation. “Our investments in leading technology and capabilities offer differentiation in the market and value for our customers. We continue to benefit from new programs and stable demand with key customers. Our previous expectation of modest growth in fiscal 2014 is achievable and solid execution of our strategy supports a promising future,” added Sola.

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Founded in 2004, and 100 percent employee-owned, Circuit Engineering Co.,Ltd. provides a wide range of Printed Circuit Board Reverse Engineering, PCB Clone, PWB Copy, Printed Wiring Board Duplication, PCB Card Replication engineering and manufacturing and support services to original equipment manufacturers across a diverse range of high-tech industries throughout the world wide.

From printed circuit board reverse engineering, manufacture and wire harness production to product assembly, packaging and distribution, Circuit Engineering Co.,Ltd.’s ISO-9001 registered and UL-certified operations supply PCB reverse engineering, PCB Board Clone, PCB Assemble Copy, Printed Circuit Board Replicate, Printed Wiring Board Duplicate electronic engineering and manufacturing solutions that are custom crafted for both Fortune-1000 and start-up companies alike.

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