SigmaTron International(US:SGMA)2025-03-14 20:50Financial Performance - Revenues for the third quarter of fiscal 2025 decreased by $24.8 million, or 26%, to $71.1 million compared to $95.9 million in the same quarter of the prior year[2] - Net income for the third quarter was $3.9 million, a significant increase from $0.6 million in the same period last year, aided by a $7.2 million gain from a sale/leaseback transaction[2] - For the nine-month period ended January 31, 2025, revenues decreased by $62.1 million, or 21%, to $230.6 million compared to $292.7 million for the same period in the prior year[3] - The company reported a net loss of $8.9 million for the nine-month period, compared to a net income of $0.9 million in the prior year[3] - Basic and diluted income per share for the third quarter was $0.63, compared to $0.10 for the same period in the prior year[2] Market Conditions - The company is seeing signs of normalization in the electronic component marketplace, with shorter lead times and stable pricing, and expects fourth-quarter revenue to be higher than the third quarter[5] Cost Management - The company has been actively reducing its cost structure, which contributed to an operating profit in January 2025[5] Asset and Liability Management - Current assets decreased to $150.3 million as of January 31, 2025, down from $175.9 million in April 2024[12] - Total liabilities decreased to $135.4 million as of January 31, 2025, compared to $157.7 million in April 2024[12] Strategic Initiatives - The company continues to work on strategic initiatives with Lincoln International and is focused on resolving supply chain issues amid existing trade challenges[6]