Winland Electronics
Winland Electronics is an electronic manufacturing services (EMS) company, providing product development and manufacturing expertise and innovation for more than 20 years. Winland also markets proprietary products for the security/industrial marketplace. Winland's product development offering includes program management, analog circuit design, digital circuit design, printed circuit board design and embedded software design. Winland differentiates itself from the contract manufacturer competition with its integrated product development and manufacturing services to offer end-to-end product launch capability, including design for manufacturability, design for testability, transition to manufacturing and order fulfillment. Winland's core competency is delivering time-to-market through superior program management, experience, integrated development processes, and cross-functional teams. Winland Electronics is based in Mankato, MN.
Outlook
New Product launches and a major product recall impacted the earnings of the first two quarters of 2006. Recently Winland hired a National Sales Manager and and new Chief Financial Officer. The company appears poised for future sales growth and may undertake acquisitions for the first time.Finialization of a two year contract with Select Comfort, a major customer, the benifits of the new products, and the completion of the recall should benefit future earnings. EPS could approach $.20 per share in the new two quarters.
Quarter Statistics (000)
| Year | Qtr | Sales | Income | EPS |
| 2006 | 4 | | | $.20 |
| 2006 | 3 | | | $.16 |
| 2006 | 2 | 10,700 | $291 | $.08 |
| 2006 | 1 | 8,100 | $311 | $.09 |
| 2005 | 4 | | |
| 2005 | 3 | | |
| 2005 | 2 | 7,100 | $566,539 | $.16 |
| 2005 | 1 | 7,000 | $374,535 | $.10 |
Annual Sales (000)
| Year | Sales | Earnings | EPS | Shares |
| 2006 | $41,000 | $2,500 | $0.53 | 3,700 |
| 2005 | $29,106 | $ 2,049 | $ 0.57 | 3,626 |
| 2004 | $24,199 | $ 1,090 | $ 0.31 | 3,526 |
| 2003 | $19,515 | $ 1,048 | $ 0.30 | 3,485 |
Notes:
Oct. 2, 2006 - Lorin Krueger, Winland's Chief Executive Officer, commented, "Glenn is precisely the financial expert we wanted to hire as he brings strong, proven experience in financial management of manufacturing operations, merger and acquisition transactions as well as international operations that will assist the Company in our goal to diversify and grow. His experience as a proven financial executive for several large manufacturing and consumer goods companies will serve us well as we continue to focus on lean operations and cash velocity strategies to improve our efficiency and increase profitability. We welcome Glenn to the Winland team."
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