Sanmina Reports Third Quarter Fiscal 2015 Results
SAN JOSE, Calif., July 20, 2015 /PRNewswire/ — Sanmina Corporation (“Sanmina” or the “Company”) (NASDAQ GS: SANM), a leading integrated manufacturing solutions company, today reported financial results for the third fiscal quarter ended June 27, 2015.
Third Quarter Fiscal 2015 Summary
Revenue of $1.54 billion
GAAP operating margin of 3.1 percent
GAAP diluted earnings per share of $0.29
Non-GAAP(1) operating margin of 3.8 percent
Non-GAAP(1) diluted earnings per share of $0.53
Revenue for the third quarter was $1.54 billion, compared to $1.53 billion in the prior quarter and $1.60 billion for the same period of fiscal 2014.
GAAP operating income in the third quarter was $47.3 million or 3.1 percent of revenue, compared to $53.3 million or 3.3 percent of revenue for the same period ended June 28, 2014. GAAP net income in the third quarter was $24.5 million, compared to $20.7 million for the same period a year ago. GAAP diluted earnings per share for the quarter were $0.29, compared to $0.24 in the third quarter of fiscal 2014.