SMTEK ROARS LIKE A RUTTING BULL.Byline: Brent Brent, outer borough (1991 pop. 226,100) of Greater London, SE England. The area is a rail and industrial center. Its manufactures include automobile parts, clocks and watches, and electrical equipment. Hopkins Staff Writer MOORPARK - A strong finish to the fiscal year and bullish Bullish Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook. bullish expectations for the one ahead sparked SMTEK International Inc.'s shares Monday, after the company reported that it returned to profitability for the year. After the electronic manufacturing services company - which builds components for a variety of industries, including medical, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and aerospace - delivered the news, the stock took off, climbing 40 percent during the day. It closed up $2.70, at $9.45, then tacked on an additional 32 cents, more than 3 percent, after hours Adv. 1. after hours - not during regular hours; "he often worked after hours" . ``From a broad prospective, we feel the outlook for the EMS industry is favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. and that SMTEK has the capability, capacity and proper strategy to continue growing,'' said Edward Smith
Captain Edward John Smith, RD , RNR (January 27, 1850 – April 15, 1912) was the captain of the RMS Titanic when it sank in 1912. , the company's president and chief executive officer. ``With the results of the past year indicative of our success ... we see a goal to extend that success into another year.'' In the final quarter of 2004, revenues climbed to $29.9 million from $20.2 million the year before. Earnings increased slightly to $1.24 million from $1.18 million, though earnings per share dipped to 42 cents from 52 cents in the year-ago period, a result of more outstanding shares in the most recent quarter. For the full year, SMTEK saw revenue increase to $93.3 million from $70.7 million and ended up in the black. It posted earnings of $2.95 million, or $1.07 per share, reversing a loss of $4.62 million, or $2.02 per share, in fiscal 2003. Electronic manufacturing services or EMS companies have an interesting place in the electronics world, allowing them to take over production from manufacturers looking to shed it in slow times and add it when demand picks up. As an EMS company, SMTEK can expect greater growth in years to come, Tony Hilvers, vice president of industry programs for IPC (1) (InterProcess Communication) The exchange of data between one program and another either within the same computer or over a network. It implies a protocol that guarantees a response to a request. , a trade group based in Northbrook, Ill., predicted. ``If I'm in telecom or computers, I may have some tougher sledding than a SMTEK, which is in other markets,'' Hilvers said. ``Look at their markets: medical, industrial, aerospace, defense. That's the sweet spot where the industry's going right now.'' Brent Hopkins, (818) 713-3738 brent.hopkins(at)dailynews.com |
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