SigmaTron International, Inc. Reports Decrease in Revenue for Latest Quarter
Segments of revenue
In the latest quarter, SigmaTron International, Inc. experienced a decrease in net sales across all segments. The EMS segment, which represents the company's primary operations, saw a decline in net sales from $108.22 million in the prior fiscal year to $98.69 million, reflecting an 8.8% decrease.
Despite the decrease in revenue, SigmaTron International, Inc. managed to maintain a gross profit margin of 9.8% for the latest quarter. This indicates the company's ability to effectively manage its manufacturing costs and maintain profitability. Additionally, the company's selling and administrative expenses increased only slightly by 1.7%, demonstrating efficient cost control measures.
The primary challenge faced by SigmaTron International, Inc. in the latest quarter was the decline in net sales across all segments. This decrease can be attributed to various factors, including higher labor and fixed manufacturing costs. The company also faced inflationary pressures, which further impacted its financial performance.
It is worth noting that SigmaTron International, Inc. experienced a decline in gross profit margin for the latest quarter. The gross profit margin decreased from 12.3% in the prior fiscal year to 9.8%. This decrease can be attributed to higher labor and fixed manufacturing costs, which impacted the profitability of the company.
SigmaTron International, Inc. faced challenges in the latest quarter as it reported a decrease in net sales across all segments, particularly in the EMS segment. However, the company demonstrated strengths in maintaining a stable gross profit margin and effectively managing its selling and administrative expenses. The decline in revenue can be attributed to higher manufacturing costs and inflationary pressures. Overall, SigmaTron International, Inc. needs to address these challenges and implement strategies to improve its revenue performance in the future.