|
|
 |
| |
|
Home > Fortune 500 Companies > Solectron Corp
Solectron Corp
Solectron Corp is a publicly traded company having a good stock performance result. Solectron Corp is also a fortune 500 stock listed company trading under the symbol SLR.The Company is a leading provider of electronics manufacturing and integrated supply chain services, today reported sales of 2.50 billion dollars in the second quarter of fiscal 2006, an increase of 1.8 percent over first quarter revenues of 2.46 billion dollars. Revenues in the second quarter of fiscal 2005 were 2.76 billion dollars.
The company reported GAAP profit after tax from continuing operations of 17.1 million dollars, or 0.02 dollars per share, in the second quarter of fiscal 2006, compared with a GAAP profit after tax from continuing operations of 20.2 million dollars, or 0.02 dollars per share, in the first quarter of fiscal 2006. In the second quarter of fiscal 2005, Solectron reported a GAAP loss after tax from continuing operations of 3.1 million dollars, or 0.00 dollar per share. The company reported GAAP profit after tax of 30.4 million dollars, or 0.03 dollar per share, in the second quarter of fiscal 2006, including a gain of approximately 13.3 million dollars from discontinued operations, primarily related to a working capital settlement in connection with a past divestiture.
Non-GAAP profit after tax was 29.7 million dollars, or 0.03 dollar per share, in the second quarter of fiscal 2006, compared with non-GAAP profit after tax of 28.1 million dollar or 0.03 dollar per share, for the first quarter of fiscal 2006. In the second quarter of fiscal 2005, Solectron reported non-GAAP profit after tax of 44.7 million dollars, or 0.05 dollar per share. Non-GAAP financial results do not include restructuring costs, impairment charges, amortization of intangibles, stock-based compensation expenses, or other infrequent or unusual items.
The company's industry-leading Lean Six Sigma methodology (Solectron Production System(TM)) provides OEMs with low cost, flexibility and quality that improves competitive advantage. Solectron's service offerings include new product introduction, collaborative design, materials management, product manufacturing, and product warranty repair and end-of-life support. Based in Milpitas, Calif., Solectron operates in more than 20 countries on five continents and had sales from continuing operations of 10.4 billion dollars in fiscal 2005.
With the past performance of the company in mind and the expertise and dedication of the management and staff the company is expected go to far greater heights in the near future.
Back to Fortune 500 Companies
|
|
|
|
|
|
|