June 2014 • SMT Magazine 97
e
varitron expands Presence;
Acquires Altronics
"varitron and altronics provide similar services, but
also have complementary offerings intended for dif-
ferent markets," notes Michel farley, president of va-
ritron Group. "by pooling our expertise, we will be
able to serve more customers and to provide added
value in terms of volume with the aim of consolidat-
ing the u.S. market and developing new niches."
f
Flextronics Aids Design &
Manufacture of Jeep Cherokee
flextronics announced that its automotive Group
has provided design and manufacturing services for
the all-new 2014 Jeep Cherokee. Services provided
include manufacturing and assembly of the daytime
running lamps, remote start antenna, portions of
the power lift-gate and sunroof modules and more.
g
Kitron Sees Q1 Revenue
Increase; Takes Action
to Improve
"while the increase in revenue was a positive aspect
of this quarter, margins are suffering from price
pressure and are clearly not satisfactory. kitron is
therefore taking action to improve profitability, as
exemplified by the reorganisation of the sourcing
operations and the downsizing of the arendal op-
erations," says dag Songedal, interim Ceo.
h
Benchmark Beats estimates
in Q1; Revenue up 18%
"benchmark again delivered strong performance,
which allowed us to exceed our earnings expec-
tations in the first quarter," noted Gayla j. Delly,
president and Ceo. "our focus on growth oppor-
tunities in the non-traditional market sectors, cou-
pled with operational excellence and enhanced
customer solutions, resulted in improved year-
over-year revenue and operating margins."
i
Kimball's eMS unit Drives
Q3 Sales; Spin-off Continues
"our eMS segment continued to perform very
well during the third quarter. we are confident
in the strategic focus within both of our segments
and that the investments we are making are
balanced and appropriate for future growth and
profitability in all of the markets we serve," says
james C. Thyen, president and Ceo.
j
Flextronics' net Sales
up $2.5 Billion
"fiscal 2014 marked a year of continuous improve-
ment and execution," said Mike Mcnamara, Ceo.
"we consistently grew revenue, adjusted operat-
ing profit dollars, and adjusted epS sequentially
every quarter from our March trough a year ago
through our December quarter."
June 2014 • SMT Magazine 97
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