Knocking Down the Bone Pile: Gold Mitigation for Class 2 Electronics
Punching Out: Your Financial Preparation for a Sale
Nolan's Notes: The Next Killer App in Component Manufacturing
Sanmina Releases Q2 Financial Results
April 30, 2019 | PRNewswireEstimated reading time: 1 minute
Sanmina Corporation reported financial results for the second quarter fiscal 2019 ended March 30, 2019.
"We exceeded our expectations for the quarter. Revenue was stronger than anticipated driven by our teams' excellent job in securing supply to catch up to demand. Our ability to control our costs, drive efficiencies and leverage our operating model drove operating margins to 4.1%. Non-GAAP EPS of $0.91 was up 9% sequentially and 81% over the second quarter of fiscal 2018. Cash flow from operations was $105.7 million as our team made positive strides in reducing our inventory levels. I am extremely pleased with the hard work and execution by our team in meeting our customers' requirements," stated Michael Clarke, chief executive officer.
Balance Sheet and Cash Flow
- Ending cash and cash equivalents: $405.5 million
- Cash flow from operations: $105.7 million
"Our strong results over the first six months of fiscal 2019 are a testament to our teams' ability to provide value to our customers through our technical capabilities, market expertise and operational excellence. We remain confident in our ability to drive profitable growth and positive cash flow from operations over the remainder of fiscal 2019," added Clarke.
Third Quarter Fiscal 2019 Outlook
The following outlook is for the third fiscal quarter ending June 29, 2019. These statements are forward-looking and actual results may differ materially.
- Revenue between $1.925 billion to $2.025 billion
- GAAP diluted earnings per share between $0.60 to $0.70
- Non-GAAP diluted earnings per share between $0.72 to $0.82
About Sanmina
Sanmina Corporation is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global electronics manufacturing services (EMS) market. Recognized as a technology leader, Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to original equipment manufacturers (OEMs) primarily in the communications networks, cloud solutions, industrial, defense, medical and automotive. Sanmina has facilities strategically located in key regions throughout the world.
Share on:
Suggested Items
Creative Electron Strengthens Leadership Team with Strategic Appointments in Marketing and SMT Business Unit
05/08/2025 | Creative ElectronCreative Electron, the largest U.S. manufacturer of X-ray inspection systems for the electronics industry, is proud to announce the addition of two seasoned leaders to its executive team: Wagner Lima as Marketing Director and Giancarlo De La Garza as SMT Business Unit Director.
Murata Manufacturing Vietnam Expands Ho Chi Minh Plant with New Production Building
05/08/2025 | MurataMurata Manufacturing Vietnam Co., Ltd. (Ho Chi Minh, Vietnam), a manufacturing subsidiary of Murata Manufacturing Co., Ltd., will begin construction on a new production building at its Ho Chi Minh plant in May 2025.
LG Electronics India Limited Begins Construction of Its Third Manufacturing Plant in India
05/08/2025 | BUSINESS WIRELG Electronics India Ltd. (LGEIL) announced the commencement of construction of its new manufacturing facility in Sri City, Andhra Pradesh today at a ceremony graced by the presence of Shri Nara Lokesh, Hon'ble Minister for Information Technology, Electronics and Communications.
Scanfil Boosts Investment in Electronics Manufacturing in the US
05/08/2025 | BUSINESS WIREScanfil is investing in a second electronics manufacturing line in Atlanta, Georgia, USA. The demand for manufacturing electronics in the USA has increased over the past two years and is expected to continue growing.
Nortech Systems Unveils Reimagined Brand Identity
05/08/2025 | Nortech SystemsNortech Systems Incorporated, a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, industrial and defense markets, is proud to unveil its newly refreshed brand, "Connections Reimagined."