Multi-Fineline Electronix, Inc. (...

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You know when your sales for 2007 are $2.2 billion that you’re doing something right. That’s the case for Cleveland, Ohio based Ferro Corporation who garnered those kinds of numbers last year. Trading on the New York Stock Exchange (NYSE), Ferro is a worldwide supplier of technology-based performance materials for manufacturers. They are part of the Specialty Chemical industry and manufacture and sell their products in over 100 countries through the efforts of approximately 6,300 employees.

Ferro’s materials enhance the performance of products in diverse end-market applications. These are electronics, solar energy, telecommunications, pharmaceuticals, building and renovation, appliances, automotive, household furnishings, and industrial products, among others. The company operates a variety of businesses.

Their Electronic Material Systems segment develops, manufactures, and markets high-purity powders, pastes, and tapes for many electronic applications. Their Color & Glass Performance Materials business supplies glass colors and coatings for automotive, flat, and container glass in the global

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Multi-Fineline Electronix recently reported record third quarter sales of its circuits as its customers see strong demand for smartphones and other electronic devices. The company has posted strong earnings surprises in 3 out of the last 4 quarters, beating by an average of 182.32%. Its forward P/E is only 10.66.

Company Description

Multi-Fineline Electronix, Inc. (MFLX), which calls itself MFLEX, is one of the world's largest producers of flexible printed circuits (FPC) and flexible printed circuit assemblies (FPCA).

The company's products are used in mobile phones, smart mobile devices, portable bar code scanners, personal digital assistants, computer/storage devices, and medical devices. MFLEX, headquartered in Anaheim, Cal., also has operations in Suzhou, China.

MFLEX Posts Record Third Quarter Revenue

On Aug 5, Multi-Fineline reported its third quarter sales jumped 61% to a third quarter record, and the second highest in company history, of $167.6 million from $104.1 million

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