Sanmina Corp (SANM) is a global electronics manufacturing services (EMS) company that provides end-to-end solutions in design, engineering, and manufacturing of complex electronic systems. The company operates in various industries, including communications, defense and aerospace, industrial, medical, and automotive. As of the latest financial report, Sanmina Corp has shown strong financial performance, with a solid income statement.
In terms of revenue, Sanmina Corp recorded a total revenue of $7.2 billion in the last fiscal year. This indicates the company's ability to generate substantial sales and highlights its continued market presence worldwide. Furthermore, the company's gross profit stood at $840 million, reflecting its efficient cost management strategies and competitive pricing.
Moving on to profitability, Sanmina Corp has performed well in terms of its operating income. The company's EBIT (earnings before interest and taxes) reached $258 million, indicating its ability to generate profits from its core operations. Additionally, the company's net income from stockholders was $186 million, demonstrating its ability to provide returns to its shareholders.
From a balance sheet perspective, Sanmina Corp has maintained a strong financial position. The company's total assets stood at $5.9 billion, reflecting its substantial investment in its operations and infrastructure. Moreover, Sanmina Corp's stockholders' equity was recorded at $2.1 billion, indicating the value of the company's assets after deducting its liabilities. Additionally, the company's cash equivalents were $352 million, highlighting its liquidity position and ability to meet short-term obligations.
In terms of debt, Sanmina Corp has managed its financial obligations effectively. The company's net debt, which represents its total debt minus cash and cash equivalents, was $874 million. This demonstrates the company's ability to manage its debt levels while maintaining a healthy cash position. Furthermore, Sanmina Corp's total debt was $1.2 billion, indicating its long-term financial commitments.
Lastly, looking at the company's cash flow, Sanmina Corp has exhibited positive operating cash flow of $410 million, indicating its ability to generate cash from its core operations. Additionally, the company's investing cash flow was $15 million, reflecting its investments in capital expenditures and other long-term assets. Moreover, Sanmina Corp's financing cash flow was $254 million, suggesting its financing activities, such as debt repayments and capital financing.
In conclusion, Sanmina Corp has demonstrated strong financial performance and stability. With its solid income statement, balance sheet, and cash flow, the company has positioned itself as a leading player in the electronics manufacturing services industry.