TORONTO, May 16, 2017 (GLOBE NEWSWIRE) — SMTC Corporation (Nasdaq:SMTX), a global electronics manufacturing services provider, today announced the following:
- Q1 results including revenue of $33.2 million, gross profit of $3.6 million, a net loss of $0.4 million and adjusted EBITDA of $(0.3) million
- Ed Smith appointed as permanent President and Chief Executive Officer
- Rich Fitzgerald joins as Chief Operating Officer
- Global Restructuring Plan implemented to align operational functions in order to better serve the customer base and reduce the global cost structure, expected to result in approximately $5.0 million in annualized savings
- W…
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