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Electronics Production | January 28, 2005

Sanmina-SCI's first quarter results

For the first quarter ended January 1, 2005, Sanmina-SCI reported revenues of $3.25 billion, an increase of 9.5%, from $2.97 billion in the first quarter of fiscal 2004 which ended December 27, 2003.

For the first quarter of fiscal 2005, the company reported GAAP net income of $24.4 million, up 54.5% over the comparable period of the prior year. GAAP diluted earnings per share for the first quarter of fiscal 2005, were $0.05, up from $0.03 in the first quarter of 2004. Operating income on a GAAP basis for the first quarter was $59.6 million, an increase of 29.0% over the comparable period of the prior year and an increase of 34.0% over the fourth quarter of fiscal 2004. Read the full report here (www.sanmina-sci.com)
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