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Deswell Industries Inc. (DSWL) delivers precision manufacturing solutions for global electronics and industrial sectors through its plastic injection molding and electronic assembly expertise. This news hub provides investors and industry professionals with comprehensive updates on corporate developments, financial performance, and operational milestones.
Access real-time announcements including quarterly earnings reports, manufacturing facility expansions, and strategic partnership agreements. Our curated collection features official press releases detailing product innovations in automotive components, medical device parts, and communication equipment manufacturing.
Key updates cover quality certification achievements, production capacity enhancements, and supply chain optimization initiatives. Stay informed about DSWL's compliance with international manufacturing standards and technological advancements in automated assembly processes.
Bookmark this page for direct access to SEC filings, investor presentations, and market-responsive updates from China-based production facilities. Monitor how DSWL maintains competitive positioning through specialized manufacturing services for OEM partners across multiple industries.
Deswell Industries (NASDAQ: DSWL) reported financial results for first half fiscal 2025. Net sales decreased 6.8% to $35.2 million, with plastic segment down 8.1% to $5.8 million and electronic segment down 6.5% to $29.4 million. Gross margin remained stable at 19.5%. Operating income was $1.8 million, down from $2.3 million year-over-year. Net income increased to $6.2 million ($0.39 per share) from $3.6 million, primarily due to higher non-operating income. The company maintains strong financials with $13.4 million cash and $74.8 million working capital, with no debt. A cash dividend of $0.10 per share was declared.
Deswell Industries, Inc. (Nasdaq: DSWL) has announced the filing of its Annual Report on Form 20-F with the United States Securities and Exchange Commission (SEC) for the fiscal year ended March 31, 2024. The report, which includes audited financial statements, is now available on the SEC's website at http://www.sec.gov.
Shareholders can request a free paper copy of the fiscal 2024 Annual Report by contacting Deswell Industries at their Macau address. This announcement ensures compliance with regulatory requirements and provides investors with access to important financial information about the company's performance over the past fiscal year.
Deswell Industries (Nasdaq: DSWL) announced its unaudited financial results for the second half of fiscal year 2024, ending March 31. The company's net sales were $31.6 million, reflecting a 4.4% decrease compared to the same period last year. Sales in the plastic segment dropped by 18.4%, while the electronics segment saw a marginal decline. However, the overall gross margin improved to 20.7%, driven by cost savings from the depreciation of the renminbi and effective cost control measures.
Operating income increased to $1.5 million, and net income rose significantly to $4.2 million, aided by substantial non-operating income. For the full fiscal year, net sales were down by 10.5% to $69.4 million, but net income surged to $7.7 million. The company reported a strong financial position with $15.8 million in cash and no debt. Deswell declared a $0.10 per share dividend, payable on July 19, 2024, to shareholders of record as of July 5, 2024.
Deswell Industries reported a 11.7% increase in net sales to $44.4 million for the first half of fiscal 2023, driven by a 20.9% rise in the electronic segment. However, the plastic segment saw a 15.9% decline in sales. The total gross margin slightly decreased to 16.0%, with a notable decline in the electronic segment's margin due to rising semiconductor costs. The company posted a net loss of $0.6 million, largely due to a $2.3 million non-operating expense. Despite financial challenges, a cash dividend of $0.10 per share was declared, reflecting the company's solid cash position of $15.6 million.
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