SigmaTron International, Inc. Reports Second Quarter Financial Results for Fiscal 2013

SigmaTron International, Inc. Reports Second Quarter Financial Results for
Fiscal 2013

ELK GROVE VILLAGE, Ill., Dec. 12, 2012 (GLOBE NEWSWIRE) -- SigmaTron
International, Inc. (Nasdaq:SGMA), an electronic manufacturing services
company, today reported revenues and earnings for the second quarter ended
October 31, 2012.

Revenues increased to $52.7 million for the second quarter of fiscal 2013 from
$39.9 million for the same quarter in the prior year. Net income increased to
$482,834 in the second fiscal quarter compared to $158,267 for the same period
in the prior year.Basic and diluted earnings per share were $0.12 for the
quarter ended October 31, 2012, compared to $0.04 for the same quarter in
fiscal 2012.

For the six months ended October 31, 2012, revenues increased to $100.4
million compared to $78.8 million for the same period ended October 31,
2011.Net income for the same period in fiscal 2013 was $389,690, compared to
$399,228 for the same period in the prior year. Basic and diluted earnings
per share for the six months ended October 31, 2012, were $0.10 compared to
$0.10 for the six months ended October 31, 2011.

Commenting on SigmaTron's second quarter fiscal 2013 results, Gary R.
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.

"Speaking of the Spitfire acquisition, we are pleased with the results to
date. Customers have accepted and welcomed our combined structure, and we
continue to believe that we will have more opportunities in the electronic
appliance control market because of the acquisition. The assimilation of
Spitfire into SigmaTron continues on schedule, and we expect that all
operations will be fully assimilated by the end of fiscal 2013.

"Going forward, the uncertainty of the election is now behind us but the
potential fiscal cliff still looms. The short-term economic outlook remains
status quo, which I would describe as volatile, with continuing pricing and
margin pressures and no established long-term economic trends. As previously
disclosed we will continue to manage accordingly and hope for a clearer trend
for the economy next year.With all of that said, there is positive news to
report. Several new customers have selected us as their electronic
manufacturing services provider of choice.Coupling that good news with the
synergy created by the Spitfire acquisition, we continue to believe that we
are well positioned for when the economy does start to grow again at a
significant rate."

Headquartered in Elk Grove Village, IL, SigmaTron International, Inc. is an
electronic manufacturing services company that provides printed circuit board
assemblies and completely assembled electronic products.SigmaTron
International, Inc. operates manufacturing facilities in Elk Grove Village,
Illinois; Acuna, Chihuahua, and Tijuana Mexico; Union City, California;
Suzhou-Wujiang, China, and Ho Chi Minh City, Vietnam.SigmaTron International,
Inc. maintains engineering and materials sourcing offices in Carpentersville,
Illinois and Taipei, Taiwan.

Note:This press release contains forward-looking statements.Words such as
"continue," "anticipate," "will," "expect," "believe," "plan," and similar
expressions identify forward-looking statements.These forward-looking
statements are based on the current expectations of the Company.Because these
forward-looking statements involve risks and uncertainties, the Company's
plans, actions and actual results could differ materially.Such statements
should be evaluated in the context of the risks and uncertainties inherent in
the Company's business including, but not necessarily limited to, the
Company's continued dependence on certain significant customers; the continued
market acceptance of products and services offered by the Company and its
customers; pricing pressures from our customers, suppliers and the market; the
activities of competitors, some of which may have greater financial or other
resources than the Company; the variability of our operating results; the
results of long-lived assets impairment testing; the variability of our
customers' requirements; the availability and cost of necessary components and
materials; the ability of the Company and our customers to keep current with
technological changes within our industries; regulatory compliance; the
continued availability and sufficiency of our credit arrangements; changes in
U.S., Mexican, Chinese, Vietnamese or Taiwanese regulations affecting the
Company's business; the turmoil in the global economy and financial markets;
the stability of the U.S., Mexican, Chinese, Vietnamese and Taiwanese
economic, labor and political systems and conditions; currency exchange
fluctuations; and the ability of the Company to manage its growth, including
its integration of the Spitfire operation acquired in May 2012.These and
other factors which may affect the Company's future business and results of
operations are identified throughout the Company's Annual Report on Form 10-K
and as risk factors and may be detailed from time to time in the Company's
filings with the Securities and Exchange Commission. These statements speak as
of the date of such filings, and the Company undertakes no obligation to
update such statements in light of future events or otherwise unless otherwise
required by law.

CONDENSED CONSOLIDATED STATEMENTS OF                             
INCOME
                                                               
                            Three Months Three Months SixMonths   SixMonths
                           Ended        Ended        Ended        Ended
                            October 31,  October 31,  October 31,  October 31,
                            2012         2011         2012         2011
                                                               
Net sales                   $52,729,395  $39,902,653  $100,358,624 $78,794,664
                                                               
Cost of products sold       47,326,225   36,331,246   90,249,556   71,680,749
                                                               
Gross profit                5,403,170    3,571,407    10,109,068   7,113,915
                                                               
Selling and administrative  4,679,755    3,032,310    9,345,160    5,941,446
expenses
                                                               
Operating income           723,415      539,097      763,908      1,172,469
                                                               
Other expense              216,870      287,969      405,207      538,854
                                                               
Income from operations      506,545      251,128      358,701      633,615
before income tax
                                                               
Income tax expense          23,711       92,861       (30,989)     234,387
(benefit)
                                                               
Net income                 $482,834     $158,267     $389,690     $399,228
                                                               
                                                               
Net income per common share $0.12        $0.04        $0.10        $0.10
--basic
                                                               
Net income per common share $0.12        $0.04        $0.10        $0.10
--assuming dilution
                                                               
                                                               
Weighted average number of
common equivalent shares    4,002,264    3,883,683    3,989,180    3,887,380
outstanding - assuming
dilution
                                                               
                                                               
CONDENSED CONSOLIDATED BALANCE SHEETS                            
                                                               
                           October 31,  April 30,                
                            2012         2012
                                                               
Assets:                                                         
                                                               
Current assets              $78,793,759  $74,139,130              
                                                               
Machinery and equipment-net 25,595,807   24,373,494               
                                                               
Intangibles                 6,095,510    86,925                   
Goodwill                    3,611,960    --                     
Other assets                882,826      547,334                  
                                                               
Total assets                $114,979,862 $99,146,883              
                                                               
Liabilities and                                                 
stockholders' equity:
                                                               
Current liabilities         $33,047,269  $24,566,962              
                                                               
Long-term obligations       30,178,076   23,558,850               
                                                               
Stockholders' equity        51,754,517   51,021,071               
                                                               
Total liabilities and       $114,979,862 $99,146,883              
stockholders' equity

CONTACT: SigmaTron International, Inc.
         Linda K. Frauendorfer
         1-800-700-9095