Sanmina Reports Third Quarter Fiscal 2015 Results

 

 

Sanmina Corporation

Condensed Consolidated Statements of Income

(in thousands, except per share amounts)

(GAAP)

(Unaudited)












Three Months Ended


Nine Months Ended












June 27,


June 28,


June 27,


June 28,



2015


2014


2015


2014










Net sales

$ 1,539,271


$ 1,604,727


$ 4,737,963


$ 4,528,937

Cost of sales

1,418,709


1,477,814


4,375,792


4,172,272


Gross profit

120,562


126,913


362,171


356,665










Operating expenses:









Selling, general and administrative

59,736


63,029


176,177


184,543


Research and development

8,339


7,829


23,967


24,563


Amortization of intangible assets

314


425


1,164


1,373


Restructuring costs 

7,711


2,302


12,451


8,571


Asset impairments

-


-


1,954


-


Gain on sales of long-lived assets

(2,821)


-


(3,957)


(530)


     Total operating expenses

73,279


73,585


211,756


218,520










Operating income

47,283


53,328


150,415


138,145











Interest income

273


210


827


1,190


Interest expense 

(6,017)


(8,439)


(18,651)


(23,394)


Other expense, net

(1,248)


(6,101)


(3,141)


(4,597)

Interest and other, net

(6,992)


(14,330)


(20,965)


(26,801)










Income before income taxes

40,291


38,998


129,450


111,344










Provision for income taxes 

15,816


18,277


67,571


46,682










Net income

$      24,475


$      20,721


$      61,879


$      64,662




















Basic income per share

$          0.30


$          0.25


$          0.75


$          0.78


Diluted income per share

$          0.29


$          0.24


$          0.72


$          0.75











Weighted-average shares used in computing  per share amounts:









  Basic

81,700


82,467


82,357


82,988


  Diluted

85,493


86,235


86,308


86,597


« Previous Page 1 | 2 | 3 | 4 | 5  Next Page »



Review Article Be the first to review this article
Featured Video
Editorial
More Editorial  
Upcoming Events
MPSoc Forum 2017 - July 2 - 7, 2017, Les Tresoms Hotel, Annecy, France at Les Tresoms Hotel Annecy France - Jul 2 - 7, 2017
SEMICON West 2017 at Moscone Center San Francisco CA - Jul 11 - 13, 2017
11th International Conference on Verification and Evaluation of Computer and Communication Systems at 1455 DeMaisonneuve W. EV05.139 Montreal Quebec Canada - Aug 24 - 25, 2017
DVCon India 2017, Sept 14 - 15, 2017 at The Leela Palace Bengalore India - Sep 14 - 15, 2017
S2C: FPGA Base prototyping- Download white paper



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy