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Lenthor Engineering Announces Year End 2020 Financial Results
February 25, 2021 | Lenthor EngineeringEstimated reading time: Less than a minute
Lenthor Engineering, Inc., a California based designer, manufacturer and assembler of flex and rigid-flex printed circuit boards, announces its 2020 year-end financial results.
Record performance was reported for Q4 2020 with revenue totaling $10.3M compared to Q4 2019 revenues of $9.2M representing a 12% increase. Total revenue for the full calendar year 2020 reported in at $36.6M compared to $35.1M in 2019. With these results Lenthor Engineering retains its positon as one of the largest privately owned flex and rigid-flex fabrication and assembly companies in North America.
Profit totals for both Q4 2020 and full calendar year 2020 also reported in as exceptional resulting in a significant year over year increase. The increase in profitability can be attributed to the previous year’s capitalization expenditures coming on-line during 2019 and 2020.
Lenthor Engineering continues funding of its business expansion plans with capital expenditures in 2021 planned for $1.5M. This level of expenditure is due to forecasted growth in Lenthor’s Mil/Aero, Telecomm and Medical market segments along with a rebounding semiconductor equipment manufacturing segment.
For more information visit www.lenthor.com.
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