SMT007 Magazine

SMT-Mar2016

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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 highlights

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