Core Viewpoint - SigmaTron International, Inc. reported a significant decline in revenues and net income for the fiscal quarter ended October 31, 2024, indicating ongoing challenges in the electronic manufacturing services sector due to economic conditions and supply chain issues [2][4][5]. Financial Performance - For the three-month period ended October 31, 2024, revenues decreased by $24 million, or 24%, to $74.7 million compared to $98.7 million in the same quarter of the previous year [2]. - The net loss for the same period was $9.5 million, contrasting with a break-even result in the prior year [2]. - Basic and diluted loss per share for the quarter was $1.55, compared to $0.00 income per share in the same period last year [2]. - For the six-month period ended October 31, 2024, revenues decreased by $37.3 million, or 19%, to $159.5 million compared to $196.8 million in the prior year [3]. - The net loss for the six-month period was $12.8 million, compared to a net income of $0.3 million for the same period last year [3]. - Basic and diluted loss per share for the six-month period was $2.08, compared to $0.05 income per share in the prior year [3]. Operational Insights - The CEO noted that revenue softness has persisted, with a sequential decline from $84.8 million in the first quarter to $74.7 million in the second quarter of fiscal 2025 [4]. - The company anticipates continued depressed revenue levels into the third fiscal quarter, influenced by holiday seasons in North America and Asia [4]. - Despite the challenges, the company reported an operating profit in October, indicating positive impacts from restructuring efforts [5]. - The ongoing softness in revenue is attributed to general economic conditions and supply chain volatility, with customers having overordered in the past due to uncertainty in component availability [5]. - The company believes that excess inventory has largely been consumed, which may lead to increased demand in 2025 [5]. Future Outlook - Customers are beginning to express optimism for a stronger economy in calendar 2025, suggesting that the current revenue trend may have bottomed out [6]. - The company is focused on reducing inventory and has made modest progress, expecting significant gains in the third quarter [6]. - On December 13, 2024, SigmaTron entered into a sale/leaseback of its Elk Grove Village property, which will reduce bank debt and result in a one-time capital gain of approximately $7 million in the third quarter [7].

Company Overview - SGMA International experienced a significant stock decline of 5.33%, with its share price dropping to $3.02 and a trading volume of 23,606 shares [1] - The company specializes in electronic manufacturing services (EMS), providing products ranging from printed circuit board assemblies to fully assembled electronic products [4] Financial Performance - SGMA reported revenue of $84.78 million but incurred a net loss of $3.29 million, resulting in an earnings per share of -$0.54 [2] - The gross profit for the company was $6.41 million, and it has a price-to-earnings ratio of -3.07 [2] - Currently, there are no institutional investors providing ratings for the stock, such as "buy," "hold," or "sell" [2] Industry Context - The broader electronics component industry saw a 0.79% increase, with notable gains from companies like Interlink Electronics, Inc., Ouster, Inc., and Tianhong Technology [3] - Certain stocks within the industry, such as Microcloud Hologram Inc C/Wts 31/01/2028 (To Pur Com) and Neonode Inc., exhibited significant trading activity with amplitude rates of 15.43%, 11.44%, and 9.57% respectively [3] Revenue Sources - SGMA's major revenue source is Mexico, followed by the US, China, and Vietnam [4]

Core Insights - SigmaTron International, Inc. reported a challenging first quarter of fiscal 2025, with a loss of 54 cents per share compared to earnings of 4 cents per share in the prior-year quarter, and revenues decreased by 14% to $84.8 million from $98.1 million [1][2] Financial Performance - The gross profit for SigmaTron was $6.4 million, down from $9.7 million year-over-year, resulting in a gross margin of approximately 7.6%, a decline from 9.8% in the prior year [3] - Selling and administrative expenses were stable at $6.6 million, slightly down from $6.8 million in the first quarter of fiscal 2024, but the significant drop in gross profit led to an operating loss of $0.2 million, compared to an operating income of $2.8 million in the prior-year period [4] - The company recorded an "other expense" of $2.3 million, primarily due to interest and debt-related costs, resulting in a pre-tax loss of $2.5 million and a net loss of $3.3 million, contrasting with a net income of $0.3 million a year earlier [5] Management Guidance - Management anticipates a market recovery in the latter part of calendar year 2024, with a sequential quarterly revenue increase of 4.4% from the fourth quarter of fiscal 2024 to the first quarter of fiscal 2025, indicating potential stabilization [6] - The company is actively reducing overhead and operational costs in response to market softness, with additional cost reductions implemented in August 2024, and is focusing on reducing inventory to alleviate working capital constraints [6] Strategic Developments - SigmaTron is collaborating with Lincoln International to improve its financial structure and de-leverage its balance sheet, as part of a broader strategy to navigate current market softness, which is widespread across the industry [7] - The company's strategic cost management and operational adjustments are critical as it prepares for expected improvements in customer activity levels in 2025 [7]

Financial Performance - Net sales decreased by $13,353,378, or 13.6%, to $84,776,978 for the three months ended July 31, 2024, compared to $98,130,356 for the same period in the prior fiscal year[94] - Cost of products sold decreased by $10,107,352, or 11.4%, to $78,371,784, representing 92.4% of net sales for the three months ended July 31, 2024[96] - Gross profit margin was 7.6% of net sales for the three months ended July 31, 2024, down from 9.8% for the same period in the prior fiscal year[97] - Net loss increased to $3,289,160 for the three months ended July 31, 2024, compared to a net income of $262,099 for the same period in the prior fiscal year[99] - Cash flow provided by operating activities was $2,627,667 for the three months ended July 31, 2024, down from $7,750,014 for the same period in the prior fiscal year[102] Expenses and Costs - Selling and administrative expenses decreased by $218,939, or 3.2%, to $6,623,866, representing 7.8% of net sales for the three months ended July 31, 2024[97] - Interest expense, net, decreased to $2,268,275 for the three months ended July 31, 2024, compared to $2,719,078 for the same period in the prior fiscal year[97] Tax and Compliance - The effective tax rate increased to (32.26)% for the three months ended July 31, 2024, compared to (142.76)% for the same period in the prior fiscal year[98] - The Company was not in compliance with financial covenants as of August 19, 2024, with the Fixed Charge Coverage Ratio below 1.10:1.00 and Total Debt to EBITDA Ratio exceeding 4.25:1.00[113] - The 2024 Amendments modified the Fixed Charge Coverage Ratio minimums to range from 0.70:1.0 for the twelve months ending July 31, 2024, to 1.00:1.0 for the twelve months ending September 30, 2025[116] - The maximum Total Debt to EBITDA Ratio was adjusted to range from 6.50:1.0 for the twelve months ending July 31, 2024, to 3.50:1.0 for the twelve months ending April 30, 2027[116] Debt and Financing - Cash provided by financing activities was $426,104 for the three-month period ended July 31, 2024, compared to cash used of $6,292,323 for the same period in 2023[105] - As of July 31, 2024, the outstanding balance under the revolving loan facility was $30,284,657, with $16,087,627 of unused availability, compared to an outstanding balance of $28,598,719 and $13,443,766 of unused availability at April 30, 2024[108] - The TCW Term Loan outstanding amount as of July 31, 2024, was $37,253,301, down from $37,503,301 at April 30, 2024[109] - The Revolving Commitment was reduced from $70 million to $55 million as of the Third Amendment Effective Date[118] - The Company can borrow up to 10,000,000 Renminbi (approximately $1,400,000) under a credit facility with China Construction Bank, with no outstanding balance as of July 31, 2024[121] - The outstanding balance of the mortgage agreement for the property in Del Rio, Texas, was $353,469 as of July 31, 2024, down from $366,572 at April 30, 2024[123] Foreign Operations and Currency - The Company paid approximately $15,460,000 to its foreign subsidiaries for manufacturing services during the three months of fiscal year 2025[125] - The cumulative amount of unremitted earnings for which U.S. income taxes have not been recorded is $14,036,000 as of July 31, 2024[126] - The Company reported net foreign currency transaction losses of $461,748 for the three-month period ended July 31, 2024, compared to losses of $275,970 for the same period in the prior year[125] Internal Controls and Governance - The Company identified a material weakness in its disclosure controls and procedures related to revenue recognition, which continues to exist as of July 31, 2024[128] - Management remains committed to addressing the material weakness in internal controls, but there is no assurance of success[130] - The Company’s disclosure controls and procedures were deemed ineffective as of July 31, 2024, due to identified control deficiencies[128] Future Outlook - The Company anticipates continuing improvement in supply chain predictability in fiscal 2025[91] - The Company has taken steps to reduce its debt and cost structure, including consolidating operations and reducing headcounts[101] - The Company does not expect ongoing legal proceedings to have a material adverse impact on its future consolidated financial position[132]

Financial Performance - Revenues for the first quarter of fiscal 2025 decreased by $13.4 million, or 14% year-over-year, totaling $84.8 million compared to $98.1 million in the same period last year[1]. - Net loss for the quarter was $3.3 million, resulting in a loss per share of $0.54, compared to a net income of $0.3 million and earnings per share of $0.04 in the prior year[1][8]. - Sequentially, revenues increased by 4.4% compared to the fourth quarter of fiscal 2024, indicating a potential positive trend[2]. - The first quarter's gross profit was $6.4 million, down from $9.7 million in the same period last year, reflecting the impact of reduced revenues[7]. Asset Management - Current assets decreased to $167.9 million from $175.9 million in the previous quarter, while total assets decreased to $218.8 million from $223.8 million[8]. - Current liabilities remained relatively stable at $145.4 million, with long-term obligations decreasing to $10.6 million from $11.8 million[8]. - The company is focused on reducing inventory to lower working capital requirements, which will remain a priority for the remainder of the calendar year[3]. Future Outlook - The company is optimistic about calendar 2025 being a stronger year, as customer relationships remain excellent and new projects are in progress[3]. - The company has made progress in de-leveraging its balance sheet in collaboration with Lincoln International[3]. - The company continues to monitor market conditions and adjust manufacturing schedules and overhead costs accordingly[2].

Core Viewpoint - SigmaTron International, Inc. reported a significant decline in revenues and a net loss for the fiscal quarter ended July 31, 2024, indicating ongoing challenges in the electronic manufacturing services sector [2][3]. Financial Performance - Revenues for the three months ended July 31, 2024, decreased by $13.4 million, or 14%, to $84.8 million compared to $98.1 million for the same period in the prior year [2]. - The net loss for the same period was $3.3 million, contrasting with a net income of $0.3 million for the previous year [2]. - Basic and diluted loss per share was $0.54, compared to an income of $0.04 per share for the same period last year [2]. Management Commentary - The CEO noted that the revenue softness has persisted as anticipated, with expectations of a potential increase in activity by the fourth quarter of calendar 2024 [3]. - Despite the year-over-year decline of 14.4% in revenue, there was a sequential increase of 4.4% compared to the fourth quarter of fiscal 2024, suggesting a possible positive trend [3]. - The company is actively managing costs and overhead, including further reductions in manufacturing schedules and inventory to lower working capital requirements [3][4]. Operational Focus - SigmaTron is concentrating on reducing inventory levels and maintaining strong relationships with customers, with optimism for a stronger performance in calendar 2025 [4]. - The company is collaborating with Lincoln International to de-lever its balance sheet and has made progress in this area [4]. Company Overview - SigmaTron International operates as an independent provider of electronic manufacturing services, with facilities in the U.S., Mexico, China, and Vietnam [5]. - The company's services include printed circuit board assemblies, electro-mechanical subassemblies, and fully assembled electronic products [5].

SigmaTron International, Inc. (SGMA) reported a challenging fourth quarter of fiscal 2024. It incurred a loss per share of 55 cents in the quarter under review against earnings of 87 cents per share in the same period last year. SigmaTron's revenues from continuing operations were $81.1 million, a 25% decrease compared to $108.3 million in the same period in 2023. The company incurred a net loss of $3.4 million for the quarter against a net income of $5.3 million in the prior-year period. Management highlig ...

Supply Chain and Inventory Challenges - Raw material price increases and supply shortages could adversely affect the company's results, with upward pricing pressure currently being experienced[49] - The company's inventory levels have decreased significantly during fiscal year 2024, but certain components remain difficult to obtain on a timely basis[54] - The company's inability to forecast customer orders with certainty can make it difficult to schedule production and manage inventory levels[53] - The company relies on third-party suppliers for components, with some components available only from single or limited sources, which could impact operations if lost[127] - The company expects supply chain disruptions to continue improving in fiscal 2025, with potential declines in raw material pricing due to softening customer demand in certain markets[218] - Inventory obsolescence reserve recorded as of April 30, 2024 is $2,323,689[249] - Raw materials inventory as of April 30, 2024 is $107,155,093[249] - A substantial portion of raw materials inventory is for committed future orders with cost recovery from customers[249] - Provisions for excess and obsolete inventories are recorded for value over stock raw material inventory based on future demand and market conditions[249] Financial Performance and Results - Net sales decreased by $40,552,024 (9.8%) to $373,883,821 in fiscal 2024 compared to $414,435,845 in fiscal 2023, primarily due to declining customer demand in consumer electronics, industrial electronics, and medical/life science markets[156][167] - Gross profit margin declined to 9.0% of net sales in fiscal 2024 from 12.4% in fiscal 2023, driven by higher labor and fixed manufacturing costs[158][169] - Operating income decreased by $17,823,731 (71.4%) to $7,133,915 (1.9% of net sales) in fiscal 2024, compared to $24,957,646 (6.0% of net sales) in fiscal 2023, due to lower sales and higher costs[171] - Net loss from continuing operations was $2,486,157 in fiscal 2024, compared to net income of $14,194,424 in fiscal 2023, primarily due to lower sales, higher wages, and increased interest expenses[163] - Selling and administrative expenses decreased by $103,548 (0.4%) to $26,392,403 (7.1% of net sales) in fiscal 2024, primarily due to a decrease in bonus expense[159][170] - Interest expense, net, increased to $10,362,038 in fiscal 2024 from $8,403,904 in fiscal 2023, driven by higher average interest rates[161] - Income tax expense decreased by $3,266,803 to a benefit of $275,262 in fiscal 2024, with an effective tax rate of 10.0%, compared to 17.4% in fiscal 2023[162] - Operating cash flow for fiscal year 2024 was $27,760,048, a significant improvement from the $13,256,804 used in fiscal year 2023[181] - Inventory decreased by $36,122,113 in fiscal year 2024, contributing to the positive operating cash flow[181] - Accounts receivable decreased by $14,240,833 in fiscal year 2024, partially offset by a decrease in accounts payable of $18,470,463[181] - Cash used in financing activities was $26,278,929 for fiscal year 2024, primarily due to payments under line of credit and term loan agreements[186] - Total debt decreased from $93,300,700 in fiscal year 2023 to $69,583,387 in fiscal year 2024[188] - The Company's revolving loan facility had $28,598,719 outstanding and $13,443,766 of unused availability as of April 30, 2024[190] - The TCW Term Loan outstanding balance was $37,503,301 as of April 30, 2024, down from $39,833,301 in fiscal year 2023[194] - The Company purchased $1,799,148 in machinery and equipment in fiscal year 2024, with future purchases anticipated to be funded by lease transactions[183] - The Company's liquidity position is sufficient to fund existing operations and current commitments for at least the next twelve months[180] - The company anticipates that its credit facilities, expected future cash flow, and leasing resources will meet its working capital requirements for the next 12 months[216] Customer and Market Risks - Sales to the company's five largest customers accounted for 49.2% and 47.4% of net sales for the fiscal years ended April 30, 2024, and April 30, 2023, respectively[69] - The company's largest customer accounted for 13.1% of net sales and 4.6% of accounts receivable for the fiscal year ended April 30, 2024[69] - The company faces intense industry competition and downward pricing pressures, which could adversely affect its business and financial condition[70] - Changes in U.S. trade policy, including tariffs, could increase the cost of raw materials and reduce demand for the company's products, adversely affecting revenues and profitability[86][87] - The company's quarterly and annual results may vary significantly due to factors such as changes in component costs, sales mix, and market demand[50] Environmental and Regulatory Compliance - The company's manufacturing facilities and real property are subject to extensive and changing environmental laws and regulations, which may require additional expenditures[61] - The company is subject to various regulations, including environmental and chemical regulations, and failure to comply could result in liabilities, increased costs, or reputational harm[93] Cybersecurity and IT Risks - The company faces risks related to cyber incidents, which could disrupt operations, result in financial losses, and cause reputational damage, despite established risk management systems[97] - The company's IT systems store confidential information, including financial data, customer proprietary information, and supplier information, making security breaches a significant risk[98] - The company's cybersecurity program is based on the ISO 27001 framework and includes a formal Risk Management Strategy and Incident Response Plan[110] - The company's cybersecurity governance includes regular reviews by the Board of Directors and Audit Committee, with a focus on risk mitigation and incident response[114][115] Debt and Credit Facility Risks - The company negotiated amendments and waivers with J.P. Morgan Chase and TCW Asset Management Company in August 2024 due to failure to maintain certain covenants as of April 30, 2024, and during the first quarter of fiscal year 2025[80] - The company's credit facilities may become unavailable, and the cessation of these facilities could have a material adverse effect on its business, results of operations, and financial condition[81] - The company may seek to raise additional capital by issuing equity or modifying existing credit facilities if current credit facilities are inadequate, but this could be hampered by stock price volatility[82] - The company's borrowing costs have increased due to rising interest rates, and future borrowing costs may rise further, potentially adversely affecting its financial condition and results of operations[84] - The company failed to maintain a Fixed Charge Cover Ratio of at least 1.10x for the twelve-month period ended January 31, 2023, resulting in JPM 2023 Covenant Defaults[198] - The company's Total Debt to EBITDA Ratio exceeded 5.00:1.00 for the twelve-month period ended January 31, 2023, leading to TCW 2023 Covenant Defaults[198] - The company entered into the JPM 2023 Waiver and TCW 2023 Waiver, which waived certain events of default and amended terms of the Credit Agreements[199] - The company agreed to maintain a minimum of $2.5 million in revolver availability under the JPM Credit Agreement[202] - The Total Debt to EBITDA Ratio was modified to range from 4.50:1.0 for the twelve months ended October 31, 2023, to 4.00:1.0 for the twelve months ending October 31, 2024[202] - The company's Revolving Commitment under the JPM Credit Agreement was reduced from $70 million to $55 million as of the Third Amendment Effective Date[208] - The company's Total Debt to EBITDA Ratio is required to range from 6.50:1.0 for the twelve months ending July 31, 2024, to 3.50:1.0 for the twelve months ending April 30, 2027[207] - The company's minimum required Availability under the JPM Credit Agreement was increased to $3.5 million starting on the Third Amendment Effective Date[207] - Fifth Amendment to Credit Agreement entered into on March 17, 2022, between SigmaTron International, Inc. and JPMorgan Chase Bank, N.A.[235] - Sixth Amendment to Credit Agreement entered into on April 25, 2022, between SigmaTron International, Inc. and JPMorgan Chase Bank, N.A.[235] - Amended and Restated Credit Agreement dated July 18, 2022, involving SigmaTron International, Inc., Wagz, Inc., and JPMorgan Chase Bank, N.A.[235] - Credit Agreement dated July 18, 2022, involving SigmaTron International, Inc., Wagz, Inc., TCW Asset Management Company LLC, and other Lenders[235] - Waiver, Consent, and Amendment No. 1 to the Credit Agreement dated April 28, 2023, involving SigmaTron International, Inc., Wagz, Inc., and JPMorgan Chase Bank, N.A.[235] - Amendment No. 2 to the Credit Agreement dated June 15, 2023, involving SigmaTron International, Inc. and JPMorgan Chase Bank, N.A.[235] - Waiver and Amendment No. 3 to Credit Agreement dated August 19, 2024, between SigmaTron International, Inc. and JPMorgan Chase Bank, N.A.[236] - Third Amendment Fee Letter dated August 19, 2024, involving SigmaTron International, Inc. and TCW Asset Management Company LLC[236] International Operations and Currency Risks - Approximately 43% of the company's total assets are located in foreign jurisdictions outside the United States as of April 30, 2024, with 31% in Mexico and 10% in China[74] - The company experienced net currency translation losses of $796,315 and $892,642 for the fiscal years ended April 30, 2024, and April 30, 2023, respectively, due to the weakening of the U.S. Dollar against the Mexican Peso and Chinese Renminbi[75] - The company's manufacturing facilities are located in the U.S., Mexico, Vietnam, and China, with a total of 13 facilities offering electronic and electromechanical manufacturing solutions[118][121] - The company's lease agreements for key facilities in Mexico, Vietnam, and the U.S. expire between 2025 and 2034[121] - The company's unremitted earnings for which U.S. income taxes have not been recorded amounted to $17,144,000 as of April 30, 2024[216] Workforce and Labor Risks - The company's future growth depends on its ability to recruit and retain high-quality employees, particularly in a competitive labor market[101] - Approximately 46% and 48% of the company's workforce is covered by labor union contracts for fiscal years 2024 and 2023, respectively[102] Impairment and Asset Risks - The company recorded asset impairment charges totaling $23,096,771 for goodwill and long-lived assets as of April 30, 2023[103] - The company recorded an impairment charge of $23,096,771 related to the Wagz acquisition in the third quarter of fiscal 2023[133] - The company recorded an intangible asset impairment charge of $9,527,773 during the three months ended January 31, 2023, due to lower market acceptance of Wagz products[147] - The company determined its goodwill was fully impaired in the third quarter of fiscal 2023, recording an impairment charge of $13,320,534[151] - The company sold the majority ownership interest in Wagz on April 28, 2023, retaining a 19% passive investment, which was fully reserved due to financial uncertainty[172] - The Company holds a minority 19% ownership in Wagz, which was fully reserved due to financial uncertainty as of April 30, 2023[184] Internal Controls and Financial Reporting - The company's internal controls over financial reporting were not effective as of April 30, 2024, due to a material weakness in revenue recognition controls for non-standard transactions[222] - Remediation measures have been implemented, including strengthening the review process for revenue contracts with multiple levels of review and supporting evidence[224] - The company is still in the process of implementing remediation steps and cannot assure investors that the material weakness will be fully resolved[225] - No significant changes in internal controls over financial reporting occurred during the quarter ended April 30, 2024, except for the remediation efforts[227] Legal and Contractual Agreements - First Amendment to Agreement and Plan of Merger dated December 7, 2021, involving SigmaTron International, Inc., Remy Pom, Inc., Wagz, Inc., and Terry B. Anderton[235] - Stock Purchase Agreement dated April 28, 2023, involving SigmaTron International, Inc., Wagz, Inc., Vynetic LLC, and Terry B. Anderton[235] Inflation and Economic Risks - Persistent inflation could have a material adverse impact on the company's business, operating results, and financial condition[64] Stock Market and Equity Risks - The company's stock price is volatile due to fluctuations in revenue, earnings, and market conditions, and this volatility is expected to continue[85] - The company's common stock is traded on the Nasdaq Capital Market under the symbol SGMA, with approximately 60 holders of record and 3,200 beneficial owners as of August 9, 2024[123] PPP Loan and Government Assistance - The company received a $6,282,973 PPP Loan under the CARES Act, which was forgiven on July 9, 2021, but remains subject to audit by the SBA for up to six years[78] Business Segment and Operations - The company operates in one reportable segment as an independent provider of electronic manufacturing services (EMS), offering services ranging from component assembly to box-build electronic products[126] - The company provides manufacturing services through an international network of facilities in the United States, Mexico, China, Vietnam, and Taiwan[128] - The company sold a majority of its Pet Tech segment on April 28, 2023, and now operates solely in the EMS segment[129] - Consignment orders accounted for less than 1% of the company's revenues for the fiscal years ended April 30, 2024, and April 30, 2023[130] - The Pet Tech segment recorded an operating loss of $32,887,193 in fiscal 2023, primarily due to goodwill and long-lived asset impairments of $23,096,771[173][177] Cost Reduction and Restructuring Efforts - The company is taking steps to reduce its debt and cost structure, including property sales, headcount reductions, and inventory reductions[139] - The company established a valuation allowance of $7,302,639 on its U.S. capital loss and foreign tax credit carryforwards as of April 30, 2024[153]

Zacks Investment Research has recently initiated coverage of SigmaTron International, Inc. (SGMA) with an Underperform recommendation, citing several critical risk factors that could impede the company's future performance. Illinois-based SigmaTron carries a substantial long-term debt of $79.8 million as of Jan 31, 2024. This heavy debt load is a critical risk, as the company must meet strict financial covenants. Any non-compliance could result in defaults, accelerated debt repayments and increased interest ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Form 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2024 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-23248 SIGMATRON INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Delaware 36-3918470 (State or other jurisdiction of (I.R.S ...