SMTC offers first quarter and 2001 results.SMTC SMTC Southern Maine Technical College SMTC Science/Mathematics/Technology Center (Central Michigan University) SMTC Saluda Mountain Telephone Company (Knoxville, Tennessee) SMTC Short-To-Medium Term Control Corp. (Toronto, Ontario, Canada), an electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). (EMS) provider, has reported fourth quarter revenues of $132 million and an adjusted net loss, per share, of $0.19, before the amortization of goodwill, restructuring and other charges. This number exceeded analyst expectations, and represents a 4.4 percent increase in revenue and a 27 percent improvement in the adjusted net loss per share versus the third quarter of 2001. Gross profit for the fourth quarter for 2001, before restructuring and other charges, was $2.6 million, versus $23.9 million during the same period in 2000. Gross profit margin Gross profit margin Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold. gross profit margin A measure calculated by dividing gross profit by net sales. in the quarter improved to 2.0 percent versus a loss of 0.5 percent in the third quarter of 2001. The operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. for the fourth quarter, before restructuring and other charges, was $8.4 million, compared to an operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. of $11.5 million in the same period in 2000. The company reported revenues of $612 million for the full year ending 2001 versus $783 million during 2000--down 22 percent. For the full year, gross profit, before restructuring and other charges, was $15.2 million or 2.5 percent of sales, compared to $68.3 million or 8.7 percent of sales in 2000. The operating loss, before restructuring and other charges, was $29.7 million compared to operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of $27.5 million in 2000. The net loss for the fourth quarter of 2001 was $36.7 million or $1.28 per share, after all restructuring and other charges, compared to net income of $4.3 million or $0.15 per share for the same period in 2000. The net loss for the full year ending 2001 was $104.8 million or $3.66 per share, after all restructuring and other charges, compared to net income of $3.6 million or $0.03 per share for the full year ending 2000. |
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