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Sanmina-Sci Corp is a fortune 500 stock listed company trading under SANM. The company was co-founded by Jure Sola in 1980. Sanmina-SCI is based in San Jose, California. It’s a publicly traded company having a good stock performance result.
Sanmina-Sci offers its services primarily to original equipment manufacturers in the communications, multimedia, computing and storage, industrial and semiconductor capital equipment, medical, defense and aerospace and automotive industries. Sanmina- Sci Corporation offers customized, integrated electronics manufacturing services worldwide. Its portfolio of services comprises product design and engineering, together with initial development, preproduction services, design, and manufacturing design, volume manufacturing of systems, components, and subassemblies, order fulfillment and logistics services, final system assembly and test, direct and after-market product service and support. The company manufactures printed circuit boards, backplanes and backplane assemblies, printed circuit board assemblies, enclosures, cable assemblies, optical modules, precision machine components, and memory modules.
During the year, they sustained to make progress on a number of fronts to progress their profitability and increase their revenue in new growing markets, while reducing their costs through restructuring programs. As a result of these efforts, the Company accomplished profitability for the year on a non-Generally Accepted Accounting Principles basis1 with reported sales from continuing operations of 11.7 billion dollars and earnings per share of 0.25 dollars. Gross margins improved to 5.5percent, a 10percent improvement year-over-year. Their focus on fundamentals improved the Company's financial metrics on a year-over-year basis with annual inventory turns improving from 10.5 to 11.3. The Company's focus on operating efficiencies generated 416 million dollars in cash flow from operations with free cash flow of 341 million dollars.
In 2005, their Medical segment grew 34percent, their Communications Infrastructure grew 7percent, and their Defense and Aerospace segment grew 15percent. They faced some weakness in their personal and business computing segment, which declined 10percent, but this decline was partially offset by increased penetration in their other end markets, each of which are generally more profitable. As a result of their flexibility and operating efficiency, the Company ended the year with a strong balance sheet with cash and short-term investments of approximately 1.2 billion dollars. They understand the importance of a strong balance sheet and in 2005; they improved their available liquidity by 536 million dollars year-over-year. Additionally, they repaid 225 million dollars in debt and extended their average debt maturities.

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