Sigmatron International reports Q2 revenue $98.7M vs $108.2M last year

Commenting on SigmaTron’s second quarter, fiscal 2024 results, Gary Fairhead, Chief Executive Officer and Chairman of the Board, said “I’m pleased to report a pre-tax profit of $371,928 for a difficult quarter. Revenues were 9% below the second quarter of fiscal 2023, as the weaker general economy continued to affect our customer base. Our revenues were essentially flat from the first quarter of fiscal 2024 and yet we managed to increase our pre-tax profit, up from $107,964 for the first quarter. We continue to make progress in reducing our on-hand inventory, which is a clear objective for the Company.”