SigmaTron International, Inc. reports decrease in revenues, but aims to increase revenue by reducing costs.

From GlobeNewswire: 2025-03-14 16:45:00

SigmaTron International, Inc. reported a decrease in revenues for the fiscal quarter ended January 31, 2025, with a $24.8 million drop to $71.1 million. Net income for the same period was $3.9 million, compared to $0.6 million the previous year. The company recorded a gain of $7.2 million from a sale/leaseback transaction. For the nine-month period, revenues decreased by $62.1 million to $230.6 million, with a net loss of $8.9 million. CEO Gary R. Fairhead noted a profit in the third quarter was aided by the Elk Grove Village facility transaction. SigmaTron remains focused on reducing costs and increasing revenue.

SigmaTron International, Inc., an electronic manufacturing services company, operates in one segment providing EMS. The company reported operating profit in January 2025, aiming to increase revenue by reducing costs. They expect a stabilization in the electronic component marketplace and an increase in customer demand. While facing trade issues, SigmaTron is working with customers and supply chain partners to resolve supply chain disruptions. The company remains dependent on significant customers and competitive market pressures. SigmaTron continues to focus on developing good customer relationships and managing growth.



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