Oh, Jeffy!,
The King of ECM hath spoken! Did ya leap, or you still looking? This is my 2nd largest holding right behind COMS. Remember... he who hesitates is, lost, er, last, er, whatever. <g>
SCI Systems (SCI) 49 3/8 +2 3/8: electronic products designer and manufacturer for the computer, aerospace, defense, telecommunication, medical, and entertainment industries posts a fiscal 1Q fully diluted net of $0.53 a share, six cents better than the First Call estimate, vs year-ago net of $0.38 a share; sales rose 22.5% to $1.74 bln.....
Or, another look...
HUNTSVILLE, Ala., Oct. 21 /PRNewswire/ -- SCI Systems, Inc. (NYSE:SCI) announced today record consolidated operating results for the first quarter of its fiscal year 1998.
Sales for the first quarter were $1.74 billion compared to $1.42 billion for the same period a year earlier, an increase of 22.7%. Net income grew 45.4% to $36.4 million from $25.0 million in the same period of fiscal 1997. Earnings per share for the first quarter of fiscal 1998 were $0.59 on a primary basis and $0.53 on a fully diluted basis. That compared to $0.42 on a primary basis and $0.38 on a fully diluted basis for the first quarter of the previous year. The rate of growth in earnings per share for the quarter was 39.5% above the prior year's first quarter. After-tax return on average shareholders' equity rose to 23.8% in the first quarter of fiscal 1998, compared to 20.6% for the same quarter of fiscal 1997.
Order backlog at September 28, 1997 was $3.15 billion compared with $2.80 billion a year earlier.
Headquartered in Huntsville, Alabama, SCI Systems, Inc. is a diversified electronics manufacturer whose products and systems are supplied to a variety of aerospace, commercial and industrial customers. SCI is the world's largest provider of electronics manufacturing services. Its over 23,000 employees presently operate twenty-four facilities in ten countries.
The information set forth herein is based on historical data. To the extent that this release includes forward-looking statements, such statements involve uncertainty and risk, and actual results could differ materially from those reflected in such forward-looking statements.
Life is good. <g> |
