SGMA | Jotup

SigmaTron International, Inc. Reports Financial Results for the Third Quarter of Fiscal 2024

Retrieved on:

Friday, March 8, 2024

Revenues from continuing operations increased $3.2 million, or 3 percent, to $95.9 million in the third quarter of fiscal 2024, compared to $92.7 million for the same quarter in the prior year.

Key Points:

Revenues from continuing operations increased $3.2 million, or 3 percent, to $95.9 million in the third quarter of fiscal 2024, compared to $92.7 million for the same quarter in the prior year.
Net income from continuing operations for the third quarter ended January 31, 2024, was $0.6 million, compared to $2.7 million for the same quarter in the prior year.
Diluted income per share from continuing operations for the quarter ended January 31, 2024 was $0.10, compared to $0.44 income per share for the same quarter in the prior year.
Commenting on SigmaTron’s third quarter, fiscal 2024 results, Gary R. Fairhead, Chief Executive Officer and Chairman of the Board, said “I’m pleased to report pre-tax profits of $676,742 for our third quarter of fiscal 2024.

Sigmatron International, Inc. Reports Financial Results for the Second Quarter of Fiscal 2024

Retrieved on:

Friday, December 8, 2023

ELK, SGMA, Video game

Revenues from continuing operations decreased $9.5 million, or 9 percent, to $98.7 million in the second quarter of fiscal 2024, compared to $108.2 million for the same quarter in the prior year.

Key Points:

Revenues from continuing operations decreased $9.5 million, or 9 percent, to $98.7 million in the second quarter of fiscal 2024, compared to $108.2 million for the same quarter in the prior year.
Net income from continuing operations for the second quarter ended October 31, 2023, was breakeven, compared to net income of $3.1 million for the same quarter in the prior year.
Commenting on SigmaTron’s second quarter, fiscal 2024 results, Gary R. Fairhead, Chief Executive Officer and Chairman of the Board, said “I’m pleased to report a pre-tax profit of $371,928 for a difficult quarter.
Revenues were 9% below the second quarter of fiscal 2023, as the weaker general economy continued to affect our customer base.

SigmaTron International, Inc. Reports Financial Results For First Quarter Fiscal 2024

Retrieved on:

Monday, September 11, 2023

Uncertainty, Calendar, ELK, Federal Reserve, SGMA, Federal, Video game

Revenues from continuing operations decreased $7.1 million, or 7 percent, to $98.1 million in the first quarter of fiscal 2024, compared to $105.2 million for the same quarter in the prior year.

Key Points:

Revenues from continuing operations decreased $7.1 million, or 7 percent, to $98.1 million in the first quarter of fiscal 2024, compared to $105.2 million for the same quarter in the prior year.
Diluted income per share from continuing operations for the quarter ended July 31, 2023 was $0.04, compared to $0.50 income per share for the same quarter in the prior year.
As a result, the Company has reported results from Wagz for fiscal 2023 as discontinued operations.
Commenting on SigmaTron’s first quarter fiscal 2024 results, Gary R. Fairhead, Chief Executive Officer, and Chairman of the Board, said, “I’m disappointed to report what is essentially a breakeven quarter to begin our fiscal 2024.

SigmaTron International, Inc. Reports Year End Financial Results For Fiscal 2023

Retrieved on:

Thursday, July 20, 2023

JPMorgan Chase, Uncertainty, Form 10-K, Bank statement, TCW, GAAP, SGMA, Sale, EMS, ELK, Tobacco, Cryptocurrency, Video game

Net income from continuing operations for fiscal 2023 was $14.2 million, compared to net income of $18.4 million for fiscal 2022.

Key Points:

Net income from continuing operations for fiscal 2023 was $14.2 million, compared to net income of $18.4 million for fiscal 2022.
Basic income per share from continuing operations for fiscal 2023 was $2.34, compared to $3.81 income per share for fiscal 2022.
Diluted income per share from continuing operations for fiscal 2023 was $2.34, compared to $3.58 income per share for fiscal 2022.
Accordingly, at the end of fiscal 2023, SigmaTron only operated in one segment, which is electronic manufacturing services (“EMS”).

SigmaTron International, Inc. Regains Compliance with Nasdaq Listing Rule 5250(c)(1)

Retrieved on:

Monday, May 22, 2023

Form 10-Q, SGMA, ELK, Form, Security (finance), Rare-earth element, Cryptocurrency, Financial adviser

ELK GROVE VILLAGE, Ill., May 22, 2023 (GLOBE NEWSWIRE) -- SigmaTron International, Inc. (NASDAQ: SGMA; the “Company”), announced today that on May 19, 2023, it received notice from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) indicating the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) by filing with the Securities and Exchange Commission (“SEC”) its Form 10-Q for the quarterly period ended January 31, 2023 (“Form 10-Q”), on May 18, 2023.

Key Points:

ELK GROVE VILLAGE, Ill., May 22, 2023 (GLOBE NEWSWIRE) -- SigmaTron International, Inc. (NASDAQ: SGMA; the “Company”), announced today that on May 19, 2023, it received notice from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) indicating the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) by filing with the Securities and Exchange Commission (“SEC”) its Form 10-Q for the quarterly period ended January 31, 2023 (“Form 10-Q”), on May 18, 2023.
As previously disclosed, on March 23, 2023, the Company received notice from Nasdaq indicating that, as a result of the Company’s delay in filing its Form 10-Q, the Company was no longer in compliance with the timely filing requirements under Nasdaq Listing Rule 5250(c)(1).
As a result of filing the Form 10-Q on May 18, 2023, the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1).

SigmaTron International, Inc. Reports Third Quarter Financial Results for Fiscal 2023

Retrieved on:

Thursday, May 18, 2023

EMS, ELK, GAAP, SGMA, Cryptocurrency, Video game

ELK GROVE VILLAGE, Ill, May 18, 2023 (GLOBE NEWSWIRE) -- SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services (“EMS”) provider (“Company”), today reported revenues and earnings for the fiscal quarter ended January 31, 2023.

Key Points:

ELK GROVE VILLAGE, Ill, May 18, 2023 (GLOBE NEWSWIRE) -- SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services (“EMS”) provider (“Company”), today reported revenues and earnings for the fiscal quarter ended January 31, 2023.
Revenues decreased $0.5 million, or 0.5 percent, to $93.2 million in the third quarter of fiscal 2023 from $93.7 million for the same quarter in the prior year.
Net loss for the third quarter ended January 31, 2023 was $23,077,664, compared to a net loss of $2,724,297 for the same period in the prior year.
Basic and diluted loss per share was $3.80 for the quarter ended January 31, 2023, compared to basic and diluted loss per share of $0.58 each for the same quarter ended January 31, 2022.

SigmaTron International, Inc. Announces Agreement with Its Secured Lenders and Sale of a Majority Position of Wagz, Inc.

Retrieved on:

Thursday, May 4, 2023

JPMorgan Chase, 8-K, Bank statement, Calendar, GAAP, SGMA, Sale, EMS, ELK, Letter, J. P. Morgan, Security (finance)

and TCW Asset Management Company, as Administrative Agent (“Secured Lenders”).

Key Points:

and TCW Asset Management Company, as Administrative Agent (“Secured Lenders”).
This notification also constituted a default under our credit agreements with our Secured Lenders.
Since determining the default, the Company negotiated with its Secured Lenders to reach an agreement to settle the events of default.
The Company is thankful for the support of its Secured Lenders and for working with the Company as it worked through this transition.”

Alpine Investors Launches Water Services Vertical, Axia Water – And Announces Inaugural Partnership with Madera Pumps

Retrieved on:

Wednesday, March 29, 2023

Alpine Investors , a people-driven private equity firm, today announced the launch of Axia Water (“Axia”), its newly formed water services business.

Key Points:

Alpine Investors , a people-driven private equity firm, today announced the launch of Axia Water (“Axia”), its newly formed water services business.
In conjunction with the launch, Axia announced an inaugural partnership with Madera Pumps (“Madera”), a provider of water well and pump services in California’s Central Valley.
Axia will sit within AlpineX , Alpine’s market-leading business services platform, and Amanda Neilson will serve as Axia’s CEO.
“Axia brings the benefits of a large company to entrepreneurial water services businesses, while Madera and well-established companies like it will continue to operate independently.

PACT Capital Provides $20 Million Permanent Loan Secured by 1,400+ Acre Pistachio Orchard

Retrieved on:

Wednesday, January 11, 2023

Finance, Agriculture, Banking, Natural Resources, Professional Services, Growth, SGMA, PACT, Farmer, Bank, Real estate

Los Angeles based direct agriculture lender, PACT Capital announced today its financing of a $20 million permanent loan secured by 1,400+ acres of pistachios in California’s Central Valley.

Key Points:

Los Angeles based direct agriculture lender, PACT Capital announced today its financing of a $20 million permanent loan secured by 1,400+ acres of pistachios in California’s Central Valley.
As a relationship lender, PACT provides borrowers with short to long term permanent facilities as well as real estate lines of credit secured to farm and ranch land.
As a result, PACT Capital’s innovative SGMA mitigation management and expert water analysis continues to help fill the void.
With today’s announcement, PACT Capital has extended its growing portfolio as it seeks to continue providing its services to farmers throughout California and Arizona.

SigmaTron International, Inc. Announces John P. Sheehan Promoted to President

Retrieved on:

Wednesday, January 4, 2023

Supply, ELK, University of Illinois Urbana-Champaign, EMS, Accredited Business Accountant, Growth, Certification, Supply chain, SGMA, Northern Illinois University, Management

Mr. Sheehan has been with the Company since September 1986 and has risen through the ranks, most recently holding the position of Vice President, Director of Supply Chain.

Key Points:

Mr. Sheehan has been with the Company since September 1986 and has risen through the ranks, most recently holding the position of Vice President, Director of Supply Chain.
His experience at SigmaTron has been focused on supply chain, including material procurement and logistics.
In addition, he has been involved in business development and customer related activities, IT systems and operations.
Commenting on the appointment, Mr. Fairhead stated, “I am pleased that John accepted this promotion and agreed to take on the challenge it presents.