• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

    Sigmatron International, Inc. Reports First Quarter Financial Results For Fiscal 2025

    9/19/24 8:30:00 AM ET
    $SGMA
    Electrical Products
    Technology
    Get the next $SGMA alert in real time by email

    ELK GROVE VILLAGE, Ill., Sept. 19, 2024 (GLOBE NEWSWIRE) -- SigmaTron International, Inc. (NASDAQ:SGMA), an electronic manufacturing services company, today reported revenues and earnings for the fiscal quarter ended July 31, 2024.

    For the three months ended July 31, 2024, revenues decreased $13.4 million, or 14 percent, to $84.8 million compared to $98.1 million for the same period in the prior year. Net income/(loss) for the three-month period ended July 31, 2024, was a loss of $3.3 million compared to income of $0.3 million for the same period in the prior year. Basic and diluted income/(loss) per share for the three months ended July 31, 2024 was a loss of $0.54, compared to income of $0.04 income per share for the same period last year.

    Commenting on SigmaTron's first quarter fiscal 2025 results, Gary R. Fairhead, Chief Executive Officer and Chairman of the Board, said, "The softness that we have seen in our revenue has continued as expected and disclosed in our press release dated September 3, 2024. As we stated, the softness has continued through the first quarter of fiscal 2025 and our customers continued to indicate that they believe activity will start to increase in the fourth quarter of calendar 2024. As you can see from the financial statements, revenue is down 14.4% year over year for the first quarter. However, sequentially, the first quarter of fiscal 2025 was up 4.4% over the fourth quarter of fiscal 2024. We hope that's the beginning of the trend that we have been told to expect. We have continued to react to these market conditions as we have been throughout this period by reductions in overhead and costs coupled with reduced manufacturing schedules. We have already done another reduction in August and we will continue to evaluate the situation as we finish calendar 2024.

    "Also, as mentioned several times before, one area of focus remains the reduction of inventory to reduce working capital requirements and that has continued during the first quarter as expected. It will remain a focus for the balance of this calendar year. Our relationships with our customers remain excellent. We are working with many of them on new projects and remain optimistic that calendar 2025 will be a much stronger year. We have continued to discuss this situation with others in our industry and understand that this softness seems to be pervasive across many of their customers and markets as well. We have also continued our efforts with Lincoln International to de-lever our balance sheet and we have made progress in several areas. We remain hopeful that our customers' expectations will start to materialize sooner rather than later and in the interim, we will continue to focus on managing the market conditions as we currently are experiencing them."

    About SigmaTron International, Inc.

    Headquartered in Elk Grove Village, Illinois, SigmaTron International, Inc. operates in one reportable segment as an independent provider of electronic manufacturing services ("EMS"). The EMS segment includes printed circuit board assemblies, electro-mechanical subassemblies and completely assembled (box-build) electronic products. The Company and its wholly-owned subsidiaries operate manufacturing facilities in Elk Grove Village, Illinois; Acuna, Chihuahua, and Tijuana Mexico; Union City, California; Suzhou, China; and Biên Hòa City, Vietnam. In addition, the Company maintains an International Procurement Office and Compliance and Sustainability Center in Taipei, Taiwan. The Company also provides design services in Elk Grove Village, Illinois, U.S.

    Forward-Looking Statements

    Note: This press release contains forward-looking statements. Words such as "continue," "anticipate," "will," "expect," "believe," "plan," and similar expressions identify forward-looking statements. These forward-looking statements are based on the current expectations of the Company. Because these forward-looking statements involve risks and uncertainties, the Company's plans, actions and actual results could differ materially. Such statements should be evaluated in the context of the direct and indirect risks and uncertainties inherent in the Company's business including, but not necessarily limited to, the Company's continued dependence on certain significant customers; the continued market acceptance of products and services offered by the Company and its customers; pricing pressures from the Company's customers, suppliers and the market; the activities of competitors, some of which may have greater financial or other resources than the Company; the variability of the Company's operating results; the impact of material weaknesses in internal controls over financial reporting; the results of long-lived assets and goodwill impairment testing; the risks inherent in any merger, acquisition or business combination, including the ability to achieve the expected benefits of acquisitions as well as the expenses of acquisitions; the collectability of aged account receivables; the variability of the Company's customers' requirements; the impact of inflation on the Company's operating results; the availability and cost of necessary components and materials; the impact acts of war may have to the supply chain; the ability of the Company and its customers to keep current with technological changes within its industries; regulatory compliance, including conflict minerals; the continued availability and sufficiency of the Company's credit arrangements; the costs of borrowing under the Company's senior and subordinated credit facilities, including under the rate indices that replaced LIBOR; increasing interest rates; the ability to meet the Company's financial and restrictive covenants under its loan agreements; changes in U.S., Mexican, Chinese, Vietnamese or Taiwanese regulations affecting the Company's business; the turmoil in the global economy and financial markets; public health crises, including COVID-19 and variants; the continued availability of scarce raw materials, exacerbated by global supply chain disruptions, necessary for the manufacture of products by the Company; the stability of the U.S., Mexican, Chinese, Vietnamese and Taiwanese economic, labor and political systems and conditions; global business disruption caused by the Russian invasion of Ukraine and related sanctions and the Israel-Hamas conflict; currency exchange fluctuations; and the ability of the Company to manage its growth. These and other factors which may affect the Company's future business and results of operations are identified throughout the Company's Annual Report on Form 10-K, and as risk factors, may be detailed from time to time in the Company's filings with the Securities and Exchange Commission. These statements speak as of the date of such filings, and the Company undertakes no obligation to update such statements in light of future events or otherwise unless otherwise required by law.

    For Further Information Contact:

    SigmaTron International, Inc.

    James J. Reiman

    1-800-700-9095



    CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS   
         
         
      Three Months Three Months
      Ended Ended
      July 31, July 31,
       2024   2023 
         
    Net sales  84,776,978   98,130,356 
         
    Cost of products sold  78,371,784   88,479,136 
         
    Gross profit  6,405,194   9,651,220 
         
    Selling and administrative expenses  6,623,866   6,842,805 
         
    Operating (loss) income  (218,672)  2,808,415 
         
    Other expense  (2,268,275)  (2,700,451)
         
    (Loss) income before income tax  (2,486,947)  107,964 
         
    Income tax (expense) benefit  (802,213)  154,135 
         
    Net (loss)/income $(3,289,160) $262,099 
         
         
         
    Net (loss)/income per common share - basic $(0.54) $0.04 
         
    Net (loss)/income per common share - diluted $(0.54) $0.04 
         
    Weighted average number of common equivalent    
        shares outstanding - assuming dilution  6,119,288   6,100,284 
         
         
    CONDENSED CONSOLIDATED BALANCE SHEETS    
         
      July 31, April 30,
       2024   2024 
         
    Assets:    
         
    Current assets $167,894,193   175,902,619 
         
    Machinery and equipment-net  32,497,960   33,755,078 
         
    Deferred income taxes  8,752,870   4,432,210 
    Intangibles  897,567   979,188 
    Other assets  8,799,128   8,724,880 
         
    Total assets $218,841,718  $223,793,975 
         
    Liabilities and stockholders' equity:    
         
    Current liabilities $145,416,405   145,888,791 
         
    Long-term obligations  10,571,046   11,832,931 
         
    Stockholders' equity  62,854,267   66,072,253 
         
    Total liabilities and stockholders' equity $218,841,718  $223,793,975 
         


    Primary Logo

    Get the next $SGMA alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $SGMA

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $SGMA
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Transom Capital Completes Acquisition of SigmaTron International

    LOS ANGELES and ELK GROVE VILLAGE, Ill., July 28, 2025 (GLOBE NEWSWIRE) -- Transom Capital Group ("Transom"), an operationally focused middle-market private equity firm, and SigmaTron International, Inc. (NASDAQ:SGMA) ("SigmaTron" or the "Company"), a global electronic manufacturing services (EMS) provider, today announced the successful completion of Transom's previously announced acquisition of SigmaTron. With the closing of the transaction, SigmaTron's common stock has ceased trading and will no longer be publicly listed. "We are excited to embark on this next chapter in partnership with Transom," said Gary Fairhead, Chairman and CEO of SigmaTron. "With Transom's support and operationa

    7/28/25 9:40:31 AM ET
    $SGMA
    Electrical Products
    Technology

    Transom Capital and SigmaTron International Announce Expiration of Tender Offer

    LOS ANGELES and ELK GROVE VILLAGE, Ill., July 25, 2025 (GLOBE NEWSWIRE) -- Transom Capital Group, LLC ("Transom") and SigmaTron International, Inc. (NASDAQ:SGMA) ("SigmaTron"), today announced that the tender offer to purchase all of the issued and outstanding shares of common stock, par value $0.01 per share ("Shares") of SigmaTron at a purchase price of $3.02 per Share, net to the stockholder in cash without interest and less any required tax withholding (the "Offer"), expired as scheduled at one minute past 11:59 p.m., Eastern Time, on July 24, 2025 and was not extended (such date and time, the "Expiration Date"). Equiniti Trust Company, LLC, the depositary and paying agent for the Off

    7/25/25 8:00:00 AM ET
    $SGMA
    Electrical Products
    Technology

    Transom Capital Commences Friendly Tender Offer for All Outstanding Common Shares of SigmaTron International at $3.02 Per Share

    LOS ANGELES, June 26, 2025 (GLOBE NEWSWIRE) -- Transom Capital Group, LLC ("Transom"), an operationally focused middle-market private equity firm, today announced that it has commenced a cash tender offer to acquire all outstanding shares of common stock of SigmaTron International, Inc. (NASDAQ:SGMA) (the "Company" or "SigmaTron"), an electronic manufacturing services company, at a price of $3.02 per share in cash. The tender offer is being made in connection with the previously announced Agreement and Plan of Merger, dated May 20, 2025 (as amended or supplemented from time to time, the "Merger Agreement"). "We are excited to launch our tender offer today and deeply value the unanimous su

    6/26/25 7:31:00 AM ET
    $SGMA
    Electrical Products
    Technology

    $SGMA
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Director Mantia Bruce J closing all direct ownership in the company (SEC Form 4)

    4 - SIGMATRON INTERNATIONAL INC (0000915358) (Issuer)

    7/28/25 4:37:05 PM ET
    $SGMA
    Electrical Products
    Technology

    Director Plante Paul J returned 32,000 shares to the company, closing all direct ownership in the company (SEC Form 4)

    4 - SIGMATRON INTERNATIONAL INC (0000915358) (Issuer)

    7/28/25 4:29:17 PM ET
    $SGMA
    Electrical Products
    Technology

    President Sheehan John P closing all direct ownership in the company (SEC Form 4)

    4 - SIGMATRON INTERNATIONAL INC (0000915358) (Issuer)

    7/28/25 4:20:14 PM ET
    $SGMA
    Electrical Products
    Technology

    $SGMA
    SEC Filings

    View All

    SEC Form 15-12G filed by SigmaTron International Inc.

    15-12G - SIGMATRON INTERNATIONAL INC (0000915358) (Filer)

    8/27/25 8:53:57 PM ET
    $SGMA
    Electrical Products
    Technology

    SEC Form 10-K filed by SigmaTron International Inc.

    10-K - SIGMATRON INTERNATIONAL INC (0000915358) (Filer)

    8/27/25 10:01:00 AM ET
    $SGMA
    Electrical Products
    Technology

    SEC Form S-8 POS filed by SigmaTron International Inc.

    S-8 POS - SIGMATRON INTERNATIONAL INC (0000915358) (Filer)

    7/28/25 1:46:54 PM ET
    $SGMA
    Electrical Products
    Technology

    $SGMA
    Leadership Updates

    Live Leadership Updates

    View All

    SigmaTron International, Inc. Announces James E. Barnes Promoted to President

    ELK GROVE VILLAGE, Ill., Oct. 13, 2021 (GLOBE NEWSWIRE) -- SigmaTron International, Inc. (NASDAQ:SGMA), an electronic manufacturing services ("EMS") company (the "Company"), today announced that Gary R. Fairhead, Chairman of the Board, Chief Executive Officer and President of SigmaTron International, Inc. stepped down as President effective October 13, 2021. He plans to remain active in his positions as Chairman of the Board and Chief Executive Officer. The Company's Board of Directors has appointed James E. Barnes as President of the Company, also effective October 13, 2021. Mr. Barnes has been with the Company since October 2004 and has risen through the ranks, most recently holding the

    10/13/21 9:45:00 AM ET
    $SGMA
    Electrical Products
    Technology

    $SGMA
    Financials

    Live finance-specific insights

    View All

    SigmaTron International, Inc. Reports Financial Results for the Third Quarter of Fiscal 2025

    ELK GROVE VILLAGE, Ill., March 14, 2025 (GLOBE NEWSWIRE) -- SigmaTron International, Inc. (NASDAQ:SGMA), an electronic manufacturing services company (the "Company"), today reported revenues and earnings for the fiscal quarter ended January 31, 2025. For the three month period ended January 31, 2025, revenues decreased $24.8 million, or 26 percent, to $71.1 million compared to $95.9 million for the same quarter in the prior year. Net income for the three month period ended January 31, 2025 was $3.9 million compared to $0.6 million for the same period in the prior year. A gain of approximately $7.2 million was recorded during the third quarter related to the sale/leaseback transaction for

    3/14/25 4:45:00 PM ET
    $SGMA
    Electrical Products
    Technology

    SigmaTron International, Inc. Reports Financial Results For the Second Quarter of Fiscal 2025

    ELK GROVE VILLAGE, Ill., Dec. 20, 2024 (GLOBE NEWSWIRE) -- SigmaTron International, Inc. (NASDAQ:SGMA), an electronic manufacturing services company (the "Company"), today reported revenues and earnings for the fiscal quarter ended October 31, 2024. For the three month period ended October 31, 2024, revenues decreased $24 million, or 24 percent, to $74.7 million compared to $98.7 million for the same quarter in the prior year. Net income/(loss) for the three month period ended October 31, 2024 was a loss of $9.5 million compared to break even for the same period in the prior year. Approximately $3.3 million of expenses were recorded during the second quarter related to debt modification,

    12/20/24 4:00:00 PM ET
    $SGMA
    Electrical Products
    Technology

    SigmaTron International, Inc. Reports Financial Results for Fiscal 2024

    ELK GROVE VILLAGE, Ill., Sept. 03, 2024 (GLOBE NEWSWIRE) -- SigmaTron International, Inc. (NASDAQ:SGMA), an electronic manufacturing services company (the "Company"), today reported revenues and earnings for the fiscal quarter and fiscal year ended April 30, 2024. Revenues from continuing operations decreased $40.6 million, or 10 percent, to $373.9 million for fiscal 2024 compared to $414.4 million for fiscal 2023. Net income/(loss) from continuing operations for fiscal 2024 was a loss of $2.5 million, compared to net income of $14.2 million for fiscal 2023. Basic and diluted income/(loss) per share from continuing operations for fiscal 2024 was a loss of $0.41, compared to $2.3

    9/3/24 8:00:00 AM ET
    $SGMA
    Electrical Products
    Technology

    $SGMA
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    SEC Form SC 13G/A filed by SigmaTron International Inc. (Amendment)

    SC 13G/A - SIGMATRON INTERNATIONAL INC (0000915358) (Subject)

    2/2/24 2:56:49 PM ET
    $SGMA
    Electrical Products
    Technology

    SEC Form SC 13G/A filed by SigmaTron International Inc. (Amendment)

    SC 13G/A - SIGMATRON INTERNATIONAL INC (0000915358) (Subject)

    2/10/23 3:25:01 PM ET
    $SGMA
    Electrical Products
    Technology

    SEC Form SC 13G/A filed by SigmaTron International Inc. (Amendment)

    SC 13G/A - SIGMATRON INTERNATIONAL INC (0000915358) (Subject)

    2/6/23 12:07:59 PM ET
    $SGMA
    Electrical Products
    Technology