Carlo Gavazzi Computing Solutions, Inc., an innovative leader in electronic packaging, announces that it has increased its sales volume by 27.7 percent and improved its economic performance for the first half of the financial year. Along with the increased sales volume compared to the same period last year, greater efficiencies in manufacturing have led to gains in both gross profit margin and EBIT. A sizeable backlog and large contract wins position the Company for improved performance for the full year. These positive results are a reflection of the Company’s consistent ability to capture market share and generate impressive sales.
Through Carlo Gavazzi Computing Solutions’ continued sales efforts, focused on promising industrial and defense projects, sales to military and industrial market segment customers have increased.
“Carlo Gavazzi Computing Solutions anticipates a positive net income at the close of the current fiscal year,” said Mark Sullivan, CFO of Carlo Gavazzi Computing Solutions. “Carlo Gavazzi Computing Solutions’ performance is a result of our business strategy and the team we have executing it everyday. The increase in reported sales for the past six months demonstrates how dedication to quality and the customer experience can lead to success.”
Given the fact that Carlo Gavazzi Computing Solutions continues to experience a high volume of quote requests, record a number of military contracts, and negotiate several long-term contracts with new and existing customers, the management team is confident that the Company will exceed the results achieved in the previous year.
About Carlo Gavazzi Computing Solutions
Based in Brockton, Mass., Carlo Gavazzi Computing Solutions, Inc. (CGCS) is an innovative leader in the design and manufacture of open architecture based computing platforms. The company has more than 30 years of experience enabling computing platforms to thrive in rugged environments. With its primary focus on the military and industrial markets, the company offers services based upon its core capabilities in electronic packaging. All products are manufactured in the United States and comply with VITA, PICMG and PCI-SIG standards.
Carlo Gavazzi Computing Solutions is a sister company of Carlo Gavazzi Automation Components and a wholly-owned subsidiary of Carlo Gavazzi AG, a publicly-traded, global electronics group. For more information on Carlo Gavazzi Computing Solutions, visit www.gavazzi-computing.com, call 1.800.926.8722 or write to [email protected].
