Lenthor Engineering Reports Q1 and Q2 Results

Reading time ( words)

Lenthor Engineering, a Milpitas, California based designer, manufacturer and assembler of RIGID-FLEX and FLEX printed circuit boards, announces its year-to-date financial results showing record quarterly revenue and record growth year-over-year.

Total revenue for Q1 2016 came in at $7 million compared to $4 million in Q1 2015, a 75% increase. Similar strong performance was reported for Q2 2016, with revenue totaling $7.1 million compared to $4.8 million in 2015, providing a 48% increase. Profit year-to-date and quarter-over-quarter showed similar results, with growth coming from both the existing customer base as well as from new customers.

The strong growth was fueled by Lenthor Engineering's opening of its newly constructed fabrication facility providing customers with increased capacity and production efficiencies. "The confidence our customers showed us when we announced our intentions to construct a new fabrication and assembly facility allowed us to make the financial investment necessary to create the state-of-the-art facility we now have.  This faith in our team is what has allowed us now to enjoy the success we are seeing," said Mark Lencioni, President/CEO of Lenthor Engineering.

Lenthor Engineering has invested over $8 million in new equipment over the last three years in addition to investing over $9.5 million in new building acquisition and related leasehold improvements for the new manufacturing and corporate headquarters facility in Milpitas, CA.



Suggested Items

Day-to-Day: ZTE and the Potential Impending Trade War Saga

06/14/2018 | Gene Weiner, Weiner International Inc.
Nanya Technology, Taiwan's biggest DRAM chipmaker, will apply for a permit to provide chips to ZTE. The company said it has been notified about restrictions on shipments to ZTE, and that the ban would have limited effect on its operation. The company said on May 9 that it is preparing to apply for a permit to continue shipping chips to ZTE Corp. as export restrictions took a new turn due to a US-China trade spat.

Punching Out! Mid-2017 Report on the State of the N.A. PCB M&A Market

07/26/2017 | Tom Kastner
One of the most popular questions we receive concerns the market for M&A. Here is our take on the current market for PCB shops in North America. In general, the PCB market in North America is not growing, which means that to grow, shops either must take market share from others, or grow through acquisitions.

Weiner’s World – March 2017

04/03/2017 | Gene Weiner, Weiner International Inc.
The CPCA show held at the China International PCB And Assembly Show was moderately busy even though the new venue was not quite ready (no escalators, the "water closets" not fully finished, the heat was only on for a few hours one day). It showcased products for PCB Manufacturing, Electronic Assembly Materials and Manufacturing Services.

Copyright © 2020 I-Connect007. All rights reserved.