SigmaTron Incurs Q1 Loss on Soft Demand, Revenues Fall Y/Y
SigmaTron International(SGMA) ZACKS·2024-09-21 01:46
SigmaTron International, Inc. (SGMA) reported a challenging first quarter of fiscal 2025. It incurred a loss of 54 cents per share against earnings of 4 cents per share in the prior-year quarter. Revenues of $84.8 million denoted a decrease of 14% compared to $98.1 million in the year-ago quarter. SigmaTron's performance for the quarter was affected by multiple factors. According to CEO Gary R. Fairhead, the company continued to experience soft demand, particularly in key customer segments, a trend that had ...