Sanmina: Q1 Earnings Insights

Shares of Sanmina SANM moved higher by in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 29.11% year over year to $1.02, which beat the estimate of $0.81.

Revenue of $1,755,000,000 decreased by 4.62% from the same period last year, which missed the estimate of $1,770,000,000.

Outlook

Sanmina Sees Q2 EPS $0.76-$0.86 Vs. $0.74 Est., Sales $1.65B-$1.75B Vs. $1.71B Est.

How To Listen To The Conference Call

Date: Feb 02, 2021

Time: 05:00 PM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1085/39815

Price Action

Company's 52-week high was at $35.61

52-week low: $18.34

Price action over last quarter: Up 5.70%

Company Description

Sanmina Corp is a provider of integrated manufacturing solutions, components, and after-market services to original equipment manufacturers in the communications networks, storage, industrial, defense and aerospace end markets. The company operates in two business segments: Integrated Manufacturing Solutions, which consists of printed circuit board assembly and represents a majority of the firm's revenue; and Components, Products, and Services, which includes interconnect systems and mechanical systems. The firm generates revenue primarily in the United States, China, and Mexico, but has a presence around the world.