Last $22.89 USD
Change Today -0.33 / -1.42%
Volume 309.2K
SANM On Other Exchanges
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As of 3:49 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

sanmina corp (SANM) Snapshot

Open
$23.06
Previous Close
$23.22
Day High
$23.18
Day Low
$22.64
52 Week High
11/6/14 - $26.08
52 Week Low
04/15/14 - $16.35
Market Cap
1.9B
Average Volume 10 Days
363.5K
EPS TTM
$2.46
Shares Outstanding
83.2M
EX-Date
--
P/E TM
9.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for SANMINA CORP (SANM)

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sanmina corp (SANM) Details

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It offers product design and engineering services, including initial development, detailed design, prototyping, validation, preproduction, and manufacturing design; manufacturing of components, subassemblies, and complete systems; final system assembly and test; direct order fulfillment and logistics, and supply chain management services; and after-market product service and support. The company’s components and products comprise printed circuit boards, backplanes and backplane assemblies, cable assemblies, mechanical systems, and optical and radio frequency components and modules. It provides its services primarily to original equipment manufacturers in the communications networks, computing and storage, multimedia, industrial and semiconductor capital equipment, defense and aerospace, medical, energy and clean technology, and automotive industries. The company was formerly known as Sanmina-SCI Corporation and changed its name to Sanmina Corporation in November 2012. Sanmina Corporation was founded in 1980 and is headquartered in San Jose, California.

33,733 Employees
Last Reported Date: 11/13/14
Founded in 1980

sanmina corp (SANM) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
Total Annual Compensation: $896.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $510.0K
Chief Business Officer and Executive Vice Pre...
Total Annual Compensation: $398.8K
Executive Vice President of Europe & Asia Sal...
Total Annual Compensation: $350.0K
Executive Vice President of Global Human Reso...
Total Annual Compensation: $290.0K
Compensation as of Fiscal Year 2014.

sanmina corp (SANM) Key Developments

Sanmina Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 27, 2014; Provides Earnings Guidance for the Second Quarter Ending March 28, 2015; Provides Earnings Guidance for the Fiscal 2015

Sanmina Corporation reported unaudited consolidated earnings results for the first quarter ended December 27, 2014. For the period, the company reported net sales of $1,671,162,000 against $1,447,498,000 for the same period in the last year. Operating income was $53,480,000 against $39,520,000 for the same period in the last year. Income before income taxes was $45,804,000 against $33,731,000 for the same period in the last year. Net income was $22,656,000 or $0.26 per diluted share against $23,101,000 or $0.26 per diluted share for the same period in the last year. Non-GAAP operating income was $68,288,000 against $48,646,000 for the same period in the last year. Non-GAAP net income was $53,132,000 or $0.61 per diluted share against $35,486,000 or $0.41 per diluted share for the same period in the last year. Cash flow from operations for the quarter was disappointing at negative $6 million, and net capital expenditures for the quarter were $28 million. This led to $34 million in negative free cash flow for the quarter. The company provided earnings guidance for the second quarter ending March 28, 2015. For the second quarter, the company expects revenue between $1.575 billion to $1.625 billion and non-GAAP diluted earnings per share between $0.50 to $0.55. The company expects that gross margin will be in the range of 7.7% to 8.1%. Operating expense should be $65 million to $67 million. This leads to an operating margin in the range of 3.6% to 4%. The company expects the tax rate to be around 16.0%. Finally, for cash flow modeling, the company expects to sell real estate of approximately $5 million during the quarter, which will result in net capital expenditures of approximately $20 million, while depreciation and amortization will be around $25 million. The outlook for the second quarter is slightly down sequentially primarily due to seasonality, and the company believes demand will improve in the second half of the year.  For fiscal year 2015, the company is optimistic in its ability to drive profitable growth, and has the opportunity to deliver more financial improvements during the rest of the year. The company expects to return to positive free cash flow during the remainder of fiscal year 2015.

Sanmina Corporation Presents at The Goldman Sachs Technology & Internet Conference, Feb-11-2015 09:00 AM

Sanmina Corporation Presents at The Goldman Sachs Technology & Internet Conference, Feb-11-2015 09:00 AM. Venue: Palace Hotel, 2 New Montgomery Street, San Francisco, California, United States.

Sanmina Corporation, Q1 2015 Earnings Call, Jan 26, 2015

Sanmina Corporation, Q1 2015 Earnings Call, Jan 26, 2015

 

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Industry Analysis

SANM

Industry Average

Valuation SANM Industry Range
Price/Earnings 10.0x
Price/Sales 0.3x
Price/Book 1.5x
Price/Cash Flow 9.5x
TEV/Sales 0.2x
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