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Stock impact report

Sanmina's First Quarter Fiscal 2024 Financial Results

Sanmina Corporation (SANM) 
Last sanmina corporation earnings: 4/27 04:02 pm Check Earnings Report
Company Research Source: PR Newswire
SAN JOSE, Calif., Jan. 29, 2024 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the fiscal first quarter ended December 30, 2023 and outlook for its fiscal second quarter ending March 30, 2024.First Quarter Fiscal 2024 Financial HighlightsRevenue: $1.87 billionGAAP operating margin: 4.7%GAAP diluted EPS: $0.98Non-GAAP(1) operating margin: 5.5%Non-GAAP(1) diluted EPS: $1.30Additional First Quarter HighlightsCash flow from operations: $126 millionEnding cash and cash equivalents: $632 millionShare repurchases: 2.1 million shares for $106 millionNon-GAAP(1) pre-tax ROIC: 22.7%(1)See Schedule 1 below for more information regarding our use of non-GAAP financial measures. A reconciliation of the non-GAAP financial information contained in this release to their most directly comparable GAAP measures is included in the financial statements furnished with this release."Ou Show less Read more
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