32 SMT Magazine • March 2016
IEc reports 1Q revenue Growth of 14%
IEC has posted net sales of $32.9 million for the fis-
cal first quarter ended January 1, 2016, an increase
of 14.2% compared to net sales of $28.8 million
during the first quarter of the last fiscal year.
PPI acquires New age EmS
PPI-Time Zero has acquired New Age EMS, a con-
tract electronics manufacturer based in Attleboro,
Massachusetts.
IEc receives Supplier Excellence
award from harris
IEC Electronics Corp. has been selected for a sup-
plier excellence award from Harris Corp. in recog-
nition of the company's exceptional delivery per-
formance.
Ducommun Names New cFO and VP
of Strategy and Business Development
Ducommun Inc. has appointed Douglas Groves,
a member of the company's executive leadership
team, as vice president, chief financial officer, and
treasurer effective January 1, 2016, succeeding Jo-
seph Bellino, who retired at the end of 2015 as
part of a succession plan previously announced.
Exception EmS Expands Technical
capabilities and capacity
UK-based EMS firm Exception EMS has recorded
its highest ever turnover in its history during 2015,
as it continues to grow its business into key vertical
sectors including telecommunications, energy and
defense.
Plexus Posts $617m revenue for
1Q FY 2016
Plexus Corp. has reported revenue of $617 million
for its first quarter fiscal year 2016. The company
has also won 34 programs during the quarter, rep-
resenting approximately $179 million in annual-
ized revenue when fully ramped into production.
Sparton appoints Joseph hartnett as
New Interim President and cEO
Sparton has appointed Joseph J. hartnett, current
Chairman of the Board of Directors, as interim
president and chief executive officer and will serve
in that position until a new president and CEo has
been appointed.
Kitron reports Improved Profitability,
Strong cash Flow in Q4 2015
Kitron has posted revenues of NoK 525 million for
the fourth quarter of 2015, and operating profit
(EBIT) of NoK 33.6 million.
celestica reports higher-Than-Expected
4Q 2015 revenue
Celestica has announced a revenue of $1.515 bil-
lion in the fourth quarter of 2015, above its previ-
ously provided guidance range of $1.375 billion to
$1.475 billion, and an increase of 8% sequentially
and 6% compared to the fourth quarter of 2014.
Varitron Invests more than $10m in
its North american Facilities
EMS firm Varitron is investing heavily, to the tune
of $10 million, to boost the efficiency of its three
North American plants.
Milaero007
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