Sanmina Reports Q4 Financial Highlights
SAN JOSE, Calif.,- Sanmina Corporation, a leading integrated manufacturing solutions company, reported financial results for the fourth quarter and fiscal year ended October 1, 2022 and outlook for its fiscal first quarter ending December 31, 2022.
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Fourth Quarter Fiscal 2022 Financial Highlights
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Fiscal Year 2022 Financial Highlights
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Additional Highlights
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(1)Non-GAAP financial measures exclude charges or gains relating to: stock-based compensation expenses; restructuring costs (including employee severance costs, environmental investigation, remediation and related costs and other charges related to excess facilities and assets); acquisition and integration costs (consisting of costs associated with the acquisition and integration of acquired businesses into our operations); impairment charges for goodwill and other assets; amortization expense; and other unusual or infrequent items (e.g. charges or benefits associated with distressed customers, expenses, charges and recoveries relating to certain legal matters, gains and losses on sales of assets, deferred tax adjustments and discrete tax items). See Schedule 1 below for more information regarding our use of non-GAAP financial measures, including the economic substance behind each exclusion, the manner in which management uses non-GAAP measures to conduct and evaluate the business, the material limitations associated with using such measures and the manner in which management compensates for such limitations. A reconciliation of the non-GAAP financial information contained in this release to their most directly comparable GAAP measures is included in the financial statements furnished with this release. |
“We are pleased with our financial results for the fourth quarter and fiscal year. Broad-based demand and solid execution were the key drivers to sequential and year-over-year revenue, non-GAAP operating margin and non-GAAP EPS growth,” stated Jure Sola, Chairman and Chief Executive Officer of Sanmina Corporation. “We continue to see strong demand in our first quarter and expect growth in fiscal 2023 based on our current business and new opportunities.”
“We are executing our long-term strategy of expanding our presence in end-markets that require greater technical expertise, complex mission critical end-to-end solutions and embedded resilience that will give us a competitive advantage and further strengthen our financial model,” concluded Sola.
First Quarter Fiscal 2023 Outlook
The following outlook is for the fiscal first quarter ending December 31, 2022. These statements are forward-looking and actual results may differ materially.
- Revenue between $2.1 billion to $2.2 billion
- GAAP diluted earnings per share(2) between $1.22 to $1.32
- Non-GAAP diluted earnings per share(2) between $1.41 to $1.51
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(2)Reflects the non-cash reduction in net income of an estimated $2.5 million for partner’s equity interest in the net income of Indian JV. |
