News
FRAMINGHAM, MA - The worldwide PC market remained strong in the fourth quarter as smaller businesses and holiday demand pushed sales 13.7% higher, IDC said today.
Total shipments rose to 51.5 million units for the quarter, the seventh consecutive quarter of double-digit growth. Shipment growth topped earlier projections of 13%.
For the year, shipments were up 14.7%, to 177.5 million units.
IDC forecast 10% growth worldwide in 2005.
"PC replacements and new investment should continue to drive commercial growth at least through the end of 2005," said Loren Loverde, an IDC director.
The top five companies are Dell, HP, IBM, Fujitsu/Fujitsu Siemens and Toshiba. Apple grew more than 25% during the quarter, a significant improvement over prior quarters, reflecting the introduction of the G5 iMac as well as the "halo effect" from the popularity of Apple's music business.
ST. LOUIS - LaBarge Inc. today reported net sales rose 68% to $48.7 million and net earnings increased 94% to $2.7 million record highs for the fiscal second quarter ended Jan. 2.
The results include the company's Pittsburgh operation, acquired last February.
For the first half, net sales rose 57% to $92.4 million, while net earnings from continuing operations were up 81% to $5 million.
Total net earnings for the first half grew 88% to $5 million.
Gross margin in the second quarter was 21.6%, down from 22.4% a year ago. SG&A expenses as a percentage of sales fell to 11.9%, from 15%.
Total debt was $38 million, up a fraction.
Backlogs as of Jan. 2 were $145 million, down 3% sequentially and up 27% from last year.
Defense customers - primarily buyers of LeBarge's EMS services - accounted for 49% of sales. Shipments of capital equipment to industrial customers were 18%. The company also provides capital equipment for oil-and-gas and mining operations, commercial aerospace and government systems.
LaBarge guided for "substantially higher" year-on-year third-quarter revenues and earnings. The firm said sales and earnings would likely drop slightly sequentially.
For the fiscal year, the company expects revenues and earnings to grow at least 35%. The firm reported revenue of $131.5 million for fiscal 2004.
ELGIN, IL - Panasonic's capital equipment division has been renamed Panasonic Factory Solutions Company of America.
The name change for the unit, formerly Panasonic Factory Automation, took place Jan.1.
In a press release, the company said the change "unifies the company's capital equipment business globally under the Panasonic name, while reinforcing the greater consultancy role that PFSA has taken on for its customers."
Similar name changes are planned for Panasonic operations in Europe, Asia and China.
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