LOUISVILLE, KY -- Sypris
Solutions Inc., a maker of of
electronics for military and automotive applications and a provider of
EMS services, today reported revenue rose 39%
to a record $124.2 million for the first quarter, up from $89.4
million last year.
Net income dropped to $600,000, versus $3.3 million a year ago, on cost overruns and new program launches.
The results met company expectations.
In a press statement, Jeffrey T. Gill, president and chief
executive, said, "Revenue continued to climb while the costs associated
with
the increase in manufacturing capacity, launch of new programs and
disruption of material deliveries began to abate from the levels
experienced during the fourth quarter. We expect these cost
overruns to continue during the second quarter at a declining rate as
the new manufacturing cells are completed and new programs enter full
production, after which we expect margins to gradually return to
historical levels."
For the quarter, backlogs rose 22% to a record $261.7 million. it was the ninth consecutive quarter of
year-on-year growth in bookings.
Sales of electronics declined to $35.6 million, compared to $40.9
million for the prior year and
were down 23% sequentially from the fourth quarter. The compay said the
drop was normal and cited seasonality in government's procurement
cycles. Gross profit
for the quarter was $5 million, down from $7.9 million, due to
continued decline in shipments
for data systems products.
ANGLETON, TX -- Contract manufacturer Benchmark Electronics
Inc. today reported sales
of $510 million for the March quarter, up 6% from $481 million last year.
First-quarter net income was
$16.9 million, up 11% from $15.2 million a year ago.
Cary T. Fu, president and chief executive, called the results "excellent in
light of the soft economic conditions seen recently in the technology
marketplace."
For the quarter, operating margin was 4.4%, and return on invested capital was 13.8%.
As of March 31 Benchmark had cash and short-term investments of $344 million and no outstanding debt.
Inventories increased by $39 million to $295 million; inventory turns were 6.4 times.
Benchmark guided for second quarter revenue of $525 million to $550 million.
OYSTER BAY, NY -- A new war among automakers is on the verge of breaking out. The battle: safety as the key differentiator for vehicle lines.
"There are a host of cutting-edge safety systems in varying stages of development that will alter the consumer's perception of what makes for a safe vehicle," says ABI Research senior automotive analyst Robert LaGuerra. "What is interesting is that automakers disagree about how they define a safe vehicle."
LaGuerra adds that automakers are tackling the issue of safety from varying perspectives. From electronic stability control, adaptive cruise control and telematics systems, to blind-spot detection, lane-departure warning, driver monitoring, and pedestrian-based safety systems, all will be used in some combination to make for a safer vehicle.
Automakers such as Honda and Mercedes are among the first to introduce systems promoting pedestrian safety, while GM may be the first to introduce both ESC and reactionary safety systems such as OnStar as standard equipment across all its North American models.
ABI cautions that there are still issues to be overcome, including high systems costs, the ability to have on-board safety systems communicate with each other, decisions about how much control should be taken away from the driver in an emergency, plus software and processor limitations in assessing an emergency situation on a real-time basis. ABI suggests that further systems integration will not only enhance the level of safety, but help reduce overall system costs.
The nickel content of screen print stencils appears to be the figure of merit when migrating to lead-free assembly, according to DEK's study on the impact of stencil materials on paste volume repeatability, paste-on-pad registration and process window.
In the study, paste volume repeatability was close to 90% for pure nickel stencils, with electro-form only slightly ahead. After printing with nickel electro-form stencils, as well as pure nickel and high-nickel-content stencils cut by a YAG laser, the experiment showed pure nickel electro-form to be marginally ahead of pure nickel laser cut. Both types showed better results than other stencils, including acrylic and stainless steel.
The research also shows that lead-free pastes using the Sn96.5Ag3.0Cu0.5 solder alloy continue to display differences in performance. The differences concern the effect of each paste's rheology on its aperture release characteristics, which impacts deposited volume repeatability.
Other factors affecting release efficiency include stencil aperture dimensions and aspect ratio.
DEK collected over five million data points for its experiments. The results show it is important to evaluate a candidate solder paste extensively before adopting it for production. Some assemblers may need to consider migrating to a nigh nickel-content stencil supplier.
The full results are available from DEK representatives or www.dek.com/leadfree.
Round Rock, TX -- In response to mounting pressure from environmentalists, Dell is lowering its cost of recycling for businesses and consumers.
For a limited time, Dell will refurbish or re-cycle an unlimited number of old computer systems with no upfront cost (provided the technology meets certain specifications). Asset Recovery Services will remove customers' old hardware and refurbish or recycle it based on strict environmental guidelines.
Dell has also reduced the price of computer recycling for consumers from $15 to $10. The company continues to offer free recycling to consumers who purchase new desktop or notebook computers. Its global donation partner, the National Cristina Foundation, also offers U.S. consumers a no-charge donation program for used computers.
According to a report on MSNBC this morning, electronics waste activists actively campaigned for the recycling improvements, and are now seeking to target cell phone manufacturers and Apple Computer for its iPod gadgets.
FRANKLIN, MA- Effective immediately, Powell Industries will represent Speedline Technologies in the states of Washington, Oregon, Idaho and Montana, and in British Columbia.
Headquartered in Issaquah, WA, Powell Industries has additional offices in Tukwila and Spokane, WA, and Beaverton, OR.