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Sigmatron International Inc. - SGMA STOCK NEWS

Welcome to our dedicated news page for Sigmatron International (Ticker: SGMA), a resource for investors and traders seeking the latest updates and insights on Sigmatron International.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sigmatron International's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
SigmaTron International, Inc. (SGMA) reported a 3% increase in revenues to $95.9 million for the third quarter of fiscal 2024, with net income decreasing to $0.6 million. For the nine months ended January 31, 2024, revenues decreased by 4% to $292.7 million, with net income at $0.9 million. The Company sold a majority position of its subsidiary, Wagz, Inc. in 2023. CEO Gary R. Fairhead mentioned a soft short-term backlog and reduced expenses and working capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.47%
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earnings
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Rhea-AI Summary
SigmaTron International, Inc. (NASDAQ: SGMA) reported a 9% decrease in revenues from continuing operations for the second quarter of fiscal 2024, with net income from continuing operations at breakeven. For the six months ended October 31, 2023, revenues decreased by 8% compared to the same period in the prior year. The Company also sold a majority position of its wholly owned subsidiary, Wagz, Inc. Commenting on the results, Gary R. Fairhead, CEO and Chairman, expressed satisfaction with the pre-tax profit of $371,928 for the quarter, despite challenges in the general economy affecting the customer base.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.89%
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earnings
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Rhea-AI Summary
SigmaTron International reports revenues and earnings for Q1 fiscal 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-46.84%
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earnings
Rhea-AI Summary
SigmaTron International, Inc. reported revenues of $414.4 million for fiscal 2023, a 10% increase compared to fiscal 2022. Net income from continuing operations was $14.2 million for fiscal 2023, compared to $18.4 million for fiscal 2022. Revenues from continuing operations for the three-month period ended April 30, 2023, increased 10% to $108.3 million compared to the same period last year. Net income from continuing operations for the three-month period was $5.3 million, compared to $2.3 million for the same period last year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
28.9%
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earnings
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.17%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.43%
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earnings
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Rhea-AI Sentiment
End-of-Day
47.06%
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Rhea-AI Sentiment
End-of-Day
-0.87%
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Rhea-AI Sentiment
End-of-Day
0.54%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.2%
Tags
earnings
Sigmatron International Inc.

Nasdaq:SGMA

SGMA Rankings

SGMA Stock Data

22.37M
4.92M
24.12%
14.27%
0.63%
Bare Printed Circuit Board Manufacturing
Manufacturing
Link
US
Elk Grove Village

About SGMA

sigmatron international was founded in 1994 and is traded on the nasdaq exchange under the symbol sgma. we focus on companies who want highly customized service plus a scalable global manufacturing footprint. we are a full service electronics manufacturing services (ems) provider with a network of manufacturing facilities in the united states, mexico, china and vietnam that enables us to provide a wide range of nearshore and offshore manufacturing options. our international purchasing office (ipo) in taiwan combined with experienced procurement professionals at each facility ensures a highly competitive materials management strategy. we serve a diversified set of markets which include: appliance, consumer electronics, gaming, fitness, industrial electronics, medical/life sciences, semiconductor, telecommunications and automotive. our quality certifications include iso 9001:2008, iso 13485:2003 and as9100c. we are also international traffic in arms regulations (itar) registered.