Lenthor Engineering Announces Year End 2020 Financial Results
February 25, 2021 | Lenthor EngineeringEstimated reading time: Less than a minute
Lenthor Engineering, Inc., a California based designer, manufacturer and assembler of flex and rigid-flex printed circuit boards, announces its 2020 year-end financial results.
Record performance was reported for Q4 2020 with revenue totaling $10.3M compared to Q4 2019 revenues of $9.2M representing a 12% increase. Total revenue for the full calendar year 2020 reported in at $36.6M compared to $35.1M in 2019. With these results Lenthor Engineering retains its positon as one of the largest privately owned flex and rigid-flex fabrication and assembly companies in North America.
Profit totals for both Q4 2020 and full calendar year 2020 also reported in as exceptional resulting in a significant year over year increase. The increase in profitability can be attributed to the previous year’s capitalization expenditures coming on-line during 2019 and 2020.
Lenthor Engineering continues funding of its business expansion plans with capital expenditures in 2021 planned for $1.5M. This level of expenditure is due to forecasted growth in Lenthor’s Mil/Aero, Telecomm and Medical market segments along with a rebounding semiconductor equipment manufacturing segment.
For more information visit www.lenthor.com.
Suggested Items
Boeing Opens Research & Technology Center in Japan
04/23/2024 | BoeingBoeing today opened a Boeing Research & Technology (BR&T) Center in Japan that will focus on innovation to enable the commercial aviation industry meet its goal of net zero carbon emissions by 2050.
Ansys Joins BAE Systems’ Mission Advantage Program to Advance Digital Engineering Across US Department of Defense
04/16/2024 | ANSYSAnsys announced it is working with BAE Systems, Inc., to accelerate the adoption of digital engineering and MBSE across the Department of Defense (DoD).
Incap Estonia Teamed Up With Solaride to Fuel Youth Excitement for The World of Engineering
04/11/2024 | IncapIncap Estonia partnered with Solaride to ignite enthusiasm among young people for the world of engineering and sustainable technology. Together, they organised an inspiring day for students from grades 7 through 12 in Saaremaa. Held at Incap’s Kuressaare factory, this event brought together over 130 young minds eager to explore the innovative world of technology and learn more about advanced electronics manufacturing.
Mark Schulman Rocks Zuken Innovation World + integrate24
04/10/2024 | ZukenZuken USA, Inc. is excited to announce that the renowned drummer and motivational speaker, Mark Schulman, will be the keynote speaker at this year's Zuken Innovation World Americas (ZIW) conference, co-located with integrate24. Scheduled for September 17-19, 2024, in the vibrant city of Cleveland, Ohio, the conference aims to bring together the brightest minds in the PCB, Wire Harness, and Digital Engineering fields.
Saab Announces Plans for New Munitions Facility in U.S.
04/03/2024 | SaabSaab announced plans to build a new munitions facility in the U.S., continuing the company’s strong investment and growth domestically.