Sanmina-Sci Corp (SANM)

[mlkrborn]

Sanmina-SCI Announces Fourth Quarter and Fiscal Year End Results

SAN JOSE, Calif., Nov. 4 /PRNewswire-FirstCall/ -- Sanmina-SCI Corporation (the "Company") (NASDAQ:SANM), a leading global Electronics Manufacturing Services (EMS) company, today reported financial results for the fourth quarter and fiscal year ended October 3, 2009.

Fourth Quarter Fiscal 2009 Highlights -- Revenue of $1.35 billion, exceeded outlook of $1.2 - $1.3 billion -- GAAP gross margin of 7 percent, 70 basis point sequential improvement -- Non-GAAP gross margin of 7.1 percent, 70 basis point sequential improvement -- Cash flow from operations was $45.8 million

-- Ending cash balance of $899.2 million

Revenue for the fourth quarter was $1.35 billion, up 12 percent, compared to $1.21 billion in the prior quarter ended June 27, 2009. Revenue for the fiscal year ended October 3, 2009 was $5.18 billion, compared to $7.20 billion for the year ended September 27, 2008.

GAAP Financial Results(1)(3)