SigmaTron reports Q2 loss due to supply chain issues, stock up 3%

From Zacks Investment Research: 2024-12-24 13:58:21

Shares of SigmaTron International, Inc. (SGMA) rose 3.2% after reporting quarterly earnings, outperforming the S&P 500. However, the stock has dropped 40.7% over the past month. For Q2 fiscal 2025, SigmaTron reported a net loss of $1.55 per share and a 24% revenue decline to $74.7 million. Gross profit was $6.9 million, down from $9.7 million, with operating income decreasing to $0.5 million. CEO Gary R. Fairhead cited revenue challenges due to economic conditions and supply chain issues. Management remains optimistic for improved demand in 2025 despite weak Q3 revenue expectations. SigmaTron completed a sale and leaseback transaction to reduce debt and strengthen the balance sheet.



Read more at Zacks Investment Research: SigmaTron Stock Up 3% Despite Incurring Q2 Loss on Supply Chain Issues – December 24, 2024