Sanmina Corporation reported unaudited consolidated earnings results for the first quarter ended December 31, 2016. For the quarter, net sales were $1,719,977,000 against $1,534,714,000 a year ago. Operating income was $58,656,000 against $54,053,000 a year ago. Income before income taxes was $54,847,000 against $48,105,000 a year ago. Net income was $44,864,000 against $27,138,000 a year ago. Diluted income per share was $0.58 against $0.33 a year ago. Non-GAAP operating Income was $71,730,000 against $61,018,000 a year ago. Non-GAAP net income was $57,733,000 against $46,810,000 a year ago. Non-GAAP net income per diluted share was $0.75 against $0.58 a year ago. Cash flow from operations for the quarter was at $54 million, and net capital expenditures were $18 million. This led to $36 million in free cash flow for the quarter.

For the second fiscal quarter ending April 1, 2017, the company expects revenue between $1.675 billion to $1.725 billion and non-GAAP diluted earnings per share between $0.67 to $0.72. The company expects that gross margin will be in the range of 7.8% to 8.2%. This leads to operating margin in the range of 3.9% to 4.3%. The company expects the tax rate to be around 15%. The company expects net capital expenditures of approximately $40 million, while depreciation and amortization will be around $30 million.