SigmaTron International Posts Q1 Profit; Stock Rises - Quick Facts

(RTTNews) - SigmaTron International, Inc.(SGMA) reported that its first-quarter of fiscal 2014 net income was $967,464 compared to a net loss of $93,144 in the same quarter in the prior year. Earnings per share for the quarter were $0.24, compared to a loss per share of $0.02 last year.

Revenues increased to $56.2 million from $47.6 million for the same quarter in the prior year.

Gary Fairhead, President, Chief Executive Officer and Chairman of the Board, said, "The first quarter of fiscal 2014 was an excellent quarter for the Company, with fully diluted earnings per share the strongest since the fourth quarter of fiscal 2010. Comparisons to the first quarter of fiscal 2013 are difficult, as one third of the way through that quarter we acquired Spitfire Control, Inc. and had significant one-time expenses during the quarter related to the acquisition as well as the relocation of our Tijuana facility. A comparison to the fourth quarter of fiscal 2013, which was our best quarter in that fiscal year, shows revenue was up sequentially 9.4% and fully diluted earnings per share up 200%."

SGMA is currently trading at $5.25, up $0.63 or 13.64 percent.