SAN JOSE, Calif. - Sanmina Corporation (NASDAQ: SANM), a prominent provider of integrated manufacturing solutions with annual revenues of $7.7 billion, announced the addition of Michael J. Loparco to its Board of Directors on Monday. Loparco brings over 25 years of experience in leading technical and global manufacturing businesses. According to InvestingPro, the company maintains strong financial health with a GOOD overall rating and holds more cash than debt on its balance sheet.
His most recent accomplishment includes spearheading the successful IPO of Symbotic, a company specializing in AI-driven warehouse robotics and automation. Loparco’s extensive career also encompasses over two decades at Jabil Inc., where he held several senior leadership roles, including CEO of the Electronics Manufacturing Services (EMS) segment and CEO of Engineered Solutions Group.
Loparco’s background is marked by his efforts in driving growth, innovation, and digital transformation, as well as his expertise in supply chain management, strategic investments, and working with Original Equipment Manufacturer (OEM) and Joint Design Manufacturing (JDM) partners across various markets.
Currently, Loparco serves on the boards of iRobot, Illumus, and E2IP Technologies, and acts as a strategic advisor to Awz Ventures. He holds a JD with honors from Stetson University College of Law and a BA in International Business from Eckerd College. In addition to his business acumen, he is a licensed attorney and active member of the Florida Bar.
Jure Sola, Chairman and CEO of Sanmina, expressed confidence in Loparco’s appointment, citing his "extensive leadership experience and proven track record in global manufacturing" as valuable assets that will contribute to Sanmina’s strategic growth.
Sanmina, a Fortune 500 company, is recognized for its technological leadership in the EMS market and provides comprehensive manufacturing solutions. The company prides itself on quality and support to OEMs in various sectors, including industrial, medical, defense and aerospace, automotive, and communications networks. Sanmina operates facilities in strategic global locations. Trading near its InvestingPro Fair Value, the company maintains a healthy current ratio of 2.06 and has delivered a 14.6% return over the past year. For deeper insights into Sanmina’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which covers over 1,400 top US stocks.
The information in this article is based on a press release statement from Sanmina Corporation.
In other recent news, Sanmina Corporation reported its Q1 2025 earnings, meeting analyst expectations with an earnings per share (EPS) of $1.44. The company’s revenue for the quarter reached $2.01 billion, slightly surpassing forecasts and marking a 7% increase year-over-year. Despite the solid financial performance, the company’s stock experienced a 1.1% decline in aftermarket trading. Sanmina continues to invest in cloud infrastructure capabilities, which is expected to contribute to future growth. The company has also announced an additional $300 million share repurchase authorization, reflecting confidence in its financial stability. Analysts from firms such as Bank of America have shown interest in the company’s cloud infrastructure segment, which has grown 19% year-over-year. Sanmina’s management has expressed optimism for fiscal 2025, projecting high single-digit revenue growth and emphasizing their commitment to maximizing shareholder value. The company also plans to focus on expanding its capabilities in high-performance networks and cloud infrastructure.
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