This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Viasystems Announces Third Quarter 2011 Earnings

Stocks in this article: VIAS

“Of course, we began to see some of the same market softness which others in our industry experienced, and that contributed to an overall book-to-bill ratio under one-to-one for the first time in several quarters,” noted Sindelar. “However, total incoming orders in the third quarter declined only a couple of percentage points sequentially from our second quarter bookings, so I am not convinced there is a significant downward trend in overall demand in the near term for our business. Our fourth quarter is always impacted by holiday periods, including the Chinese “National Day” holiday period at the beginning of October and the western world holidays leading up to New Years. With the combination of slower bookings we experienced in the third quarter and the holiday effects, we expect to see some sequential decline of total sales, similar to the decline we experienced in the same period last year,” he concluded.

Financial Results

The Company reported net sales of $278.8 million for the three months ended September 30, 2011, a 7.5% year-over-year increase compared with net sales during the third quarter of 2010. Year-over-year increases in net sales to the Company’s automotive, industrial & instrumentation, and computer and datacommunications end market customers were partially offset by declines in net sales to telecommunications, and military and aerospace end market customers. Compared with the three months ended June 30, 2011, net sales increased 3.0% for the quarter ended September 30, 2011. Sequentially, net sales increased in both automotive and computer and datacommunications end markets, partly offset by declines in telecommunications, industrial & instrumentation, and military and aerospace end markets.

Cost of goods sold (excluding items shown separately in the income statement) as a percent of net sales improved to 78.6% for the quarter ended September 30, 2011, compared to 81.1% in the immediately preceding quarter. Product selling price increases that began to take effect in the quarter ended June 30, 2011, were in effect for the full quarter ended September 30, 2011. Further, as compared to the quarter ended June 30, 2011, the composition of the Company’s net sales was more heavily weighted to Printed Circuit Board products, for which gross margins are generally higher than for Assembly products.

2 of 7

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs