SMTC Reports Q1 Revenue Down 10% PDF Print E-mail
Written by Chelsey Drysdale   
Friday, 10 May 2013 10:53

TORONTOSMTC Corp. reported first-quarter revenue of $65.4 million, down 10% year-over-year and down 11% sequentially.

Net earnings for the quarter were $1.17 million, down 52.1% compared to the same period last year.

The electronics manufacturer posted operating earnings of nearly $2 million, down 36.3% year-over-year.

“Compared to expectations, we experienced a reduction of $14 million in first quarter orders largely from two customers, which led to lower revenues and higher inventories for the quarter. Our margins continued to improve this quarter, and partially offset the impact of the revenue decline. We expect to consume much of this excess inventory in the second quarter, and for debt levels to decline accordingly," said co-CEO Alex Walker.



Eastern-US: China’s New Competitor?

Parity emerges among EMS Factories from Asia, Mexico and the US.

For the first time in years we see parity in the Eastern US among EMS factories from Asia, Mexico and the US. This EMS market condition will permit American OEMs (the EMS industry refers to OEMs as customers) to have more EMS pathways to choose from. Now more than ever, such EMS assignments will require deeper investigation relating to the OEMs’ evaluation of manufacturing strategies.

The Human Touch

For those who count on the electronics industry for big feats, it’s been a remarkable couple of years.



Advances in Concentration Monitoring and Closed-Loop Control

Contaminated bath water skews refractive index results. New technology can accurately measure aqueous cleaning agent concentration.

Circuits Disassembly: Materials Characterization and Failure Analysis

A systematic approach to nonconventional methods of encapsulant removal.





CB Login



English French German Italian Portuguese Russian Spanish


Panasonic Debuts PanaCIM Maintenance with Augmented Reality
PanaCIM Maintenance with Augmented Reality software provides instant communication and information to factory technicians -- when and where it is needed -- so they can respond to factory needs more...