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Stock impact report

Sanmina Addresses COVID-19 And Impact On Its Second Fiscal Quarter

Sanmina Corporation (SANM) 
Last sanmina corporation earnings: 4/27 04:02 pm Check Earnings Report
Company Research Source: PR Newswire
SAN JOSE, Calif., March 12, 2020 /PRNewswire/ -- Sanmina Corporation ("Sanmina" or the "Company") (NASDAQ: SANM), today announced as the result of the impact of COVID-19, that it does not expect to meet the second quarter fiscal 2020 financial outlook provided on January 27, 2020."We continue to monitor this evolving situation, and the safety and health of our employees, customers and partners remain a priority," stated Hartmut Liebel, Chief Executive Officer of Sanmina Corporation.  "I would like to thank our employees who have worked tirelessly in conjunction with our customers to mitigate supply chain disruption and support their demand requirements.  While the full impact and duration of the COVID-19 outbreak is unknown at this time, we believe the company has a strong operating model and solid balance sheet which will enable us to weather this disruption. We remain confident in our long-term prospects and strategy, and we will continue to manage Sanmina in a measured way to build Show less Read more
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