Sanmina Reports First Quarter Fiscal 2014 Results

 

Sanmina Corporation

Condensed Consolidated Statements of Operations

(In thousands, except per share amounts)

(GAAP)

(Unaudited)








Three Months Ended



Dec. 28,


Dec. 29,



2013


2012






Net sales

$ 1,447,498


$ 1,494,945

Cost of sales

1,336,713


1,398,017


Gross profit

110,785


96,928






Operating expenses:





Selling, general and administrative

59,182


59,868


Research and development

7,905


5,395


Amortization of intangible assets

474


474


Restructuring and integration costs 

3,704


3,947


Gain on sales of long-lived assets

-


(4,218)


     Total operating expenses

71,265


65,466






Operating income

39,520


31,462







Interest income

806


198


Interest expense 

(7,473)


(13,084)


Other income (expense), net

878


(14,922)

Interest and other, net

(5,789)


(27,808)






Income before income taxes

33,731


3,654






Provision for income taxes 

10,630


3,033






Net income

$      23,101


$           621












Basic income per share

$          0.28


$          0.01


Diluted income per share

$          0.26


$          0.01







Weighted-average shares used in computing 





per share amounts:





  Basic

83,766


81,920


  Diluted

87,259


84,011


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