Printer Friendly

SOLECTRON REPORTS PRELIMINARY SECOND QUARTER SALES AND EARNINGS

 MILPITAS, Calif., March 3 /PRNewswire/ -- Solectron Corp. (NYSE: SLR), a leading independent provider of integrated manufacturing services to electronic original equipment manufacturers (OEMs), today announced preliminary results for the second quarter ended Feb. 26, 1993. The company estimates net sales of approximately $187.4 million, and net income of approximately $6.6 million, as compared to net sales of $94 million and net income of $3.4 million for the second quarter last year. Earnings per share are estimated to be approximately 38 cents on a primary basis, and 36 cents on a fully diluted basis, as compared with 20 cents on a primary basis for the comparable period a year ago.
 For the first half of fiscal year 1993 net sales are approximately $323.9 million compared to $199.5 million, and net income is estimated at $10.7 million compared to $7.2 million for the first half of fiscal 1992. Earnings per share on a primary basis for the first half of fiscal 1993 are estimated at 62 cents compared to 45 cents for the first half of fiscal year 1992.
 Solectron's manufacturing services primarily involve the assembly of electronics systems and subsystems using surface mount technology (SMT), pin-through-hole (PTH) interconnection and flexible circuit technologies. The company's worldwide headquarters are located at 777 Gibraltar Dr., Milpitas, CA 95035.
 -0- 3/3/93
 /CONTACT: Leonard Zanoni of Solectron, 408-956-6542/
 (SLR)


CO: Solectron Corp. ST: California IN: CPR SU: ERP

TM-TB -- SJ004 -- 2675 03/03/93 17:46 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 3, 1993
Words:250
Previous Article:GEODYNE RESOURCES ANNOUNCES COMPLETION OF CASH MERGER
Next Article:ROCKWELL AUTOMOTIVE EXECUTIVE CITES IMPORTANCE OF CONTINUOUS IMPROVEMENT TO MEET CUSTOMERS' AXLE NEEDS
Topics:


Related Articles
SOLECTRON CORPORATION REPORTS SECOND QUARTER SALES AND EARNINGS
SOLECTRON REPORTS THIRD QUARTER SALES AND EARNINGS
SOLECTRON REPORTS RECORD FOURTH QUARTER, FISCAL YEAR SALES, EARNINGS; ANNOUNCES PROMOTION OF NISHIMURA
SOLECTRON REPORTS SECOND QUARTER SALES AND EARNINGS
SOLECTRON REPORTS RECORD THIRD QUARTER SALES AND EARNINGS
SOLECTRON REPORTS FIRST QUARTER 1996 NET INCOME UP 50% AND SALES UP 36%
SOLECTRON CORPORATION REPORTS THIRD QUARTER SALES AND EARNINGS
DCR Reaffirms Solectron Ratings
Solectron to Acquire Centennial.
Solectron and C-MAC to Combine in $2.7 Billion Stock Transaction.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters