SigmaTron International, Inc. reported a significant decline in financial performance for the fiscal year ending April 30, 2025, with net sales of approximately $304.7 million, a decrease of 18.5% from $373.9 million in the previous fiscal year. The company also recorded a pre-tax loss of approximately $3.9 million, leading to a net loss of $10.3 million, compared to a net loss of $2.5 million in fiscal 2024. The decline in revenue was attributed to reduced customer demand across key markets, including consumer electronics and industrial electronics, as clients adjusted their inventory levels following a return to a more normalized supply chain environment.
In terms of operational changes, SigmaTron underwent a strategic merger with Transom Axis MergerSub, Inc. on July 28, 2025, which resulted in the company becoming a wholly owned subsidiary of Transom Axis AcquireCo, LLC. This merger was part of a broader strategy to enhance operational efficiency and financial stability. Additionally, the company sold its Elgin, Illinois property and consolidated operations to its Elk Grove Village headquarters, which is expected to streamline operations and reduce costs.
The company’s customer base remains diverse, with over 100 active clients, including Fortune 500 companies. However, the concentration of sales to its largest customers increased, with the top five customers accounting for 57.3% of net sales in fiscal 2025, up from 49.2% in the previous year. The company’s backlog of firm orders was approximately $265.4 million as of April 30, 2025, down from $289.9 million a year earlier, reflecting a trend of customers shortening their forecasting periods amid improving market conditions.
SigmaTron’s operational metrics indicate a workforce of approximately 2,500 employees, with a significant presence in Mexico, China, Vietnam, and Taiwan. The company has been actively managing its debt levels, having negotiated amendments to its credit agreements due to prior covenant defaults. As of April 30, 2025, the company’s total debt was approximately $52.6 million, down from $69.6 million in the previous year, reflecting ongoing efforts to reduce financial obligations.
Looking ahead, SigmaTron anticipates continued improvement in supply chain conditions and is focused on executing its strategic initiatives post-merger. The company aims to enhance its operational efficiency and financial health while navigating the challenges posed by market volatility and inflation. However, uncertainties remain regarding customer demand and the broader economic environment, which could impact future performance.
About SIGMATRON INTERNATIONAL INC
SigmaTron International is an electronic manufacturing services provider offering design, assembly, testing, and supply chain management for printed circuit boards and electromechanical products. Serving industries like industrial, consumer, and medical electronics, it operates globally with facilities in the U.S., Mexico, China, and Vietnam. The company emphasizes quality, regulatory compliance, and flexible manufacturing solutions to deliver reliable, end-to-end electronic product production.
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