Sanmina Corporation

Condensed Consolidated Statements of Operations

(In thousands, except per share amounts)

(GAAP)

(Unaudited)

Three Months Ended

Dec. 28,

Dec. 29,

2013

2012

Net sales

$ 1,447,498

$ 1,494,945

Cost of sales

1,336,713

1,398,017

Gross profit

110,785

96,928

Operating expenses:

Selling, general and administrative

59,182

59,868

Research and development

7,905

5,395

Amortization of intangible assets

474

474

Restructuring and integration costs 

3,704

3,947

Gain on sales of long-lived assets

-

(4,218)

     Total operating expenses

71,265

65,466

Operating income

39,520

31,462

Interest income

806

198

Interest expense 

(7,473)

(13,084)

Other income (expense), net

878

(14,922)

Interest and other, net

(5,789)

(27,808)

Income before income taxes

33,731

3,654

Provision for income taxes 

10,630

3,033

Net income

$      23,101

$           621

Basic income per share

$          0.28

$          0.01

Diluted income per share

$          0.26

$          0.01

Weighted-average shares used in computing 

per share amounts:

  Basic

83,766

81,920

  Diluted

87,259

84,011