SigmaTron International, Inc. (SGMA), an electronic manufacturing services company, reported that its second-quarter net income increased to $482,834 from $158,267 in the same period in the prior year. Earnings per share for the quarter were $0.12, compared to $0.04 for the same quarter in fiscal 2012.
Revenues for the quarter increased to $52.7 million from $39.9 million for the same quarter in the prior year.
Gary Fairhead, President, Chief Executive Officer and Chairman of the Board, said, "I am pleased to report that SigmaTron was profitable for the second quarter of fiscal 2013, tripling our earnings per share from the same quarter in fiscal 2012. These results are after incurring an additional $179,156 in one-time transaction costs related to the Spitfire acquisition. We expect these costs to end during the third quarter of this fiscal year."
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