Tepid demand for printed circuit boards continues to play out at Anaheim-based DDi Corp.
The company said Monday that sales for the fourth quarter were $44 million, down slightly from a year earlier and off 7% from the third quarter.
DDi, which makes circuit boards for computers and other electronics, blamed the decline on “seasonality as well as continued softness” in demand.
The company doesn’t see things improving much this quarter with projected sales of $43 million to $45 million.
DDi and other contract electronics makers have been wrestling with a falloff in demand that started last year.
In February, DDi quit its European operation after failing to land a credit pact to its liking. The business made up about a third of sales.
Earlier cuts in North America helped gross profits, which came in at $5.2 million for the quarter, or 12% of sales, up from 7% of sales a year earlier. Excluding one time expenses, gross profit was 16% of sales.
