Overview

• US electronic components supplier's Q2 net sales rose 5% yr/yr

• Q2 gross profit grew 7.5% with margin expanding to 30.9%

• Earnings per share rose to $0.07 from $0.02 a year earlier

Outlook

• Company says it is expanding its European sales operation and expects continued growth in that market

• Company expects to pursue opportunities within the AI ecosystem, targeting new customers

Result Drivers

• SALES GROWTH - Co attributed Q2 sales increase to higher business with new and existing customers

• MARGIN EXPANSION - Gross margin improvement driven by higher-margin product sales and customized design capabilities

• DISTRIBUTION AND SUBCONTRACTOR CHANNELS - Strengthening of distribution sales channel and subcontractor relationships supported growth

Company press release: ID:nBw4DKrf0a

Key Details

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