SANMINA CORP
For the period ended Mar 30, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 30, 2024 · Filed May 1, 2024
SANM$155.43+3.9%Stored close · as of Nov 10, 2026
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Item 1. Condensed Consolidated Statements of Income
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| March 30,2024 | April 1,2023 | March 30,2024 | April 1,2023 | |
| (Unaudited) | ||||
| (In thousands, except per share data) | ||||
| Net sales | $1,834,595 | $2,320,103 | $3,709,393 | $4,675,911 |
| Cost of sales | 1,679,838 | 2,128,914 | 3,393,796 | 4,289,336 |
| Gross profit | 154,757 | 191,189 | 315,597 | 386,575 |
| Operating expenses: | ||||
| Selling, general and administrative | 69,199 | 63,390 | 133,984 | 124,120 |
| Research and development | 6,323 | 6,394 | 12,612 | 11,993 |
| Restructuring | 3,274 | 804 | 5,464 | 1,435 |
| Total operating expenses | 78,796 | 70,588 | 152,060 | 137,548 |
| Operating income | 75,961 | 120,601 | 163,537 | 249,027 |
| Interest income | 3,412 | 2,539 | 7,069 | 5,472 |
| Interest expense | (8,218) | (9,286) | (16,630) | (17,967) |
| Other income (expense) | 3,276 | (2,768) | 2,143 | (9,480) |
| Interest and other, net | (1,530) | (9,515) | (7,418) | (21,975) |
| Income before income taxes | 74,431 | 111,086 | 156,119 | 227,052 |
| Provision for income taxes | 19,122 | 25,779 | 40,446 | 46,631 |
| Net income before noncontrolling interest | 55,309 | 85,307 | $115,673 | $180,421 |
| Less: Net income attributable to noncontrolling interest | 2,824 | 5,686 | 6,120 | 8,786 |
| Net income attributable to common shareholders | $52,485 | $79,621 | $109,553 | $171,635 |
| Net income attributable to common shareholders per share: | ||||
| Basic | $0.94 | $1.37 | $1.95 | $2.96 |
| Diluted | $0.93 | $1.33 | $1.91 | $2.87 |
| Weighted-average shares used in computing per share amounts: | ||||
| Basic | 55,585 | 58,269 | 56,062 | 57,999 |
| Diluted | 56,699 | 59,819 | 57,470 | 59,863 |
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