Sanmina Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 29, 2018; Provides Earnings Guidance for the Second Fiscal Quarter Ending March 30, 2019
January 28, 2019 at 09:02 pm
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Sanmina Corporation announced unaudited consolidated earnings results for the first quarter ended December 29, 2018. For the quarter, net sales were $2,188,018,000 against $1,744,800,000 a year ago. Operating income was $77,543,000 against $13,788,000 a year ago. Net income was $37,952,000 against negative $154,910,000 a year ago. Basic income per share was $0.56 per share against negative $2.16 per share a year ago.
Sanmina Corporation provided earnings guidance for the second fiscal quarter ending March 30, 2019. For the quarter, the company expected Revenue between $1.9 billion to $2.0 billion. Company expected GAAP diluted earnings per share between $0.59 per share to $0.69 per share, including stock-based compensation expense of $0.11. The company expected Non-GAAP diluted earnings per share between $0.70 per share to $0.80 per share.
Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides these offerings primarily to original equipment manufacturers (OEMs), in industries, such as industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure. The Company's operations are managed as two businesses: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). IMS business consists of printed circuit board assembly and test, high-level assembly and test and direct-order-fulfillment. Its CPS components include printed circuit boards, backplanes and backplane assemblies, cable assemblies, fabricated metal parts, precision machined parts, and plastic-injected molded parts. Its products include memory solutions, high-performance storage platforms, optical, radio frequency (RF) and microelectronic (microE) design and manufacturing services and others.
Sanmina Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 29, 2018; Provides Earnings Guidance for the Second Fiscal Quarter Ending March 30, 2019