Sanmina Corporation Reports Earnings Results for the Second Quarter and Six Months Ended March 30, 2024
April 29, 2024 at 04:01 pm EDT
Share
Sanmina Corporation reported earnings results for the second quarter and six months ended March 30, 2024. For the second quarter, the company reported sales was USD 1,834.6 million compared to USD 2,320.1 million a year ago. Net income was USD 52.49 million compared to USD 79.62 million a year ago. Basic earnings per share from continuing operations was USD 0.94 compared to USD 1.37 a year ago. Diluted earnings per share from continuing operations was USD 0.93 compared to USD 1.33 a year ago.
For the six months, sales was USD 3,709.39 million compared to USD 4,675.91 million a year ago. Net income was USD 109.55 million compared to USD 171.64 million a year ago. Basic earnings per share from continuing operations was USD 1.95 compared to USD 2.96 a year ago. Diluted earnings per share from continuing operations was USD 1.91 compared to USD 2.87 a year ago.
Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides these offerings primarily to original equipment manufacturers (OEMs), in industries, such as industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure. The Company's operations are managed as two businesses: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). IMS business consists of printed circuit board assembly and test, high-level assembly and test and direct-order-fulfillment. Its CPS components include printed circuit boards, backplanes and backplane assemblies, cable assemblies, fabricated metal parts, precision machined parts, and plastic-injected molded parts. Its products include memory solutions, high-performance storage platforms, optical, radio frequency (RF) and microelectronic (microE) design and manufacturing services and others.
SANMINA CORPORATION 
