Earnings announcements came out this week for Flextronics, Sanmina-SCI, CTS, Celestica, Key Tronic, IEC and a few others.
I’ve been listening to the quarterly analyst briefings, and it would *appear* that most of the major EMS companies don’t plan any earth-shaking M&A activity.
Most are taking the approach of Celestica CEO Craig Muhlhauser, who said they would focus on areas like health care where they don’t have tremendous established depth. Flextronics CEO Mike McNamara didn’t even raise the subject. Neither did Sanmina chairman Jure Sola.
And congratulations to CIRCUITS ASSEMBLY EMS Company of the Year Key Tronic on yet another profitable quarter. That’s six straight years, and counting.