Commenting on the results, President and CEO Angelo DeCaro Jr. stated, "We are pleased with the earnings improvement, increasing sales levels, especially in the networking segment of the electronics market and the sustained growth within our industry."
Founded in 1984, XeTel Corporation is ranked among the top 50 electronics manufacturing services industry providers in North America. XeTel provides highly customized and comprehensive electronics manufacturing, engineering and supply chain solutions to Fortune 500 and emerging original equipment manufacturers primarily in the networking, computer and telecommunications industries. XeTel provides advanced design and prototype services, manufactures sophisticated surface mount assemblies and supplies turnkey solutions to original equipment manufacturers. XeTel incorporates its design and prototype services and assembly capabilities, together with materials and supply base management, advanced testing, systems integration and order fulfillment services to provide total solutions for its customers. XeTel employs approximately 490 people and is headquartered in Austin, Texas with manufacturing services operations in Austin and Dallas, Texas, and San Ramon, Calif.
Market Capitalization $35.1M
Shares Outstanding 9.37M
Float 4.20M
