Sanmina Corporation
Sanmina Reports Solid Q4 and FY2024 Results with Positive Outlook for FY2025
Summary
Sanmina Corporation reported financial results for the fourth quarter and fiscal year 2024, showing a 9.6% sequential revenue increase in Q4 and 4.0 million shares repurchased for $227 million in FY2024. The company achieved non-GAAP diluted EPS of $1.43 for Q4 and $5.28 for FY2024. Management expects FY2025 to be a growth year, with Q1 FY2025 revenue projected between $1.925 billion to $2.025 billion. Non-GAAP diluted EPS for Q1 FY2025 is expected between $1.30 to $1.40.
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About Sanmina Corporation
Sanmina Corporation is a leading provider of integrated manufacturing solutions, specializing in the design, manufacturing, and repair of complex electronics components and systems. The company serves several key industries, including communications networks, cloud solutions, computing and storage, defense and aerospace, industrial, medical, automotive, and clean technology. With expertise in advanced interconnect systems and enclosures, Sanmina offers its clients end-to-end supply chain solutions that enhance efficiency and speed-to-market. Known for its engineering excellence and global capabilities, the corporation operates manufacturing facilities across the Americas, Europe, and Asia, enabling it to support a diverse, multinational customer base. Sanmina's strategic focus on high-complexity, mission-critical products ensures its prominent role in the sectors it serves, driving innovation and quality across its service offerings. Positioned as a pivotal player in optimizing operational efficiencies, Sanmina plays an essential role in the infrastructure behind modern technological and industrial requirements, emphasizing its importance in the global market landscape.
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