Sanmina Company profile
About Sanmina Corp
Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides these offerings to original equipment manufacturers (OEMs) that serves the industrial, medical, defense and aerospace, automotive, communications networks and cloud solutions industries. Its operations are managed as two businesses: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). IMS consists of printed circuit board assembly and test, high-level assembly and test, and direct-order-fulfillment. CPS includes components such as interconnect systems (printed circuit board fabrication, backplane, cable assemblies and plastic injection molding) and mechanical systems (enclosures and precision machining). Its Products include memory, enterprise solution, radio frequency (RF), optical and microelectronics, defense and aerospace products and cloud-based manufacturing execution software.
Financial summary
BRIEF: For the 13 weeks ended 01 January 2022, Sanmina Corp revenues remained flat at $1.76B. Net income increased 22% to $58.6M. Revenues reflect CPS segment increase of 15% to $367.3M, Asia Pacific (Region) segment increase of 4% to $691.1M, Europe & Middle East & Africa (EMEA) (Region) segment increase of 4% to $269.2M, also reflect IMS segment decrease of 3% to $1.43B, Americas segment decrease of 4% to $797M.
Equity composition
Common Stock $.01 Par, 10/10, 166,667K auth., 93,074,000 issd,. less 13,352,000 shares in treasury @$214.5M. Insiders own 1.80%. IPO: 4/93, 7.3M shs. @ $10byMontgomery Secs. PO: 2/00, 4.5M shs @ $118 by Morgan Stanley DW. 1/01, 3/00, 6/98, 3/96, 2-for-1 splits. FY'00/'01 Qs rest. for acq. of Segerstrom. 08/09, 1-for-6 reverse stock split.
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