HAWTHORNE, CA -- OSI Systems today reported fiscal third-quarter electronics manufacturing operating income jumped 138% on a 25% hike in sales.
ELKHART, IN -- CTS Corp. reported first-quarter EMS sales rose 42% from last year to $79.5 million on broad-based market strength.
STONY BROOK, NY -- Applied DNA Sciences and a US government agency have launched a pilot program to show the logistic facility of DNA marking to block counterfeit microchips in mission-critical government supply chains.
MINNEAPOLIS – CyberOptics Corp. today reported first-quarter net income of $846,000, up 243% year-over-year.
Consolidated sales were $13.4 million, up 8% compared to the same quarter of 2010, at the upper end of the previously reported guidance.
Order backlogs increased 48% sequentially to $10.6 million. The majority is scheduled to ship in the second and third quarters.
During the quarter, the maker of AOI and SPI systems for electronics assembly inspection benefited from a 19% year-over-year increase in sensors, including solar wafer alignment cameras. (CyberOptics sells sensors to a range of OEMs, including Juki, Viscom and DEK.) Sales of semiconductor products rose 60%.
“The shift in our sales mix toward newer sensor and system products had a highly favorable impact on our gross margin, which rose to 49% from 43% in last year’s first quarter,” said CEO Kathleen P. Iverson.
For the second quarter of 2011, the firm forecasts sales of $16 million to $17 million. Full-year sales are expected to be $60 million to $65 million.
SAN JOSE – Sanmina-SCI Corp. today reported second-quarter fiscal 2011 net income of $13 million, up 30% year-over-year.
MINNEAPOLIS – HEI reported first-quarter sales of $9.7 million, up 2.1% year-over-year.
The company generated net income of $186,000 for the period, compared to net income of $293,000 for the same quarter of 2010.
HEI designs, develops and manufactures ultra-miniature microelectronics, substrates, systems, connectivity and software solutions for the medical, hearing, telecommunications, military, aerospace, and industrial markets.