How Much Have Buybacks Lifted Sanmina’s Earnings Per Share?

Shares of Sanmina (SANM) have returned 68% over the past twelve months, easily outpacing the 17.0% return of the S&P 500. Share repurchases may be part of the case for owning the electronics manufacturer, given that the company operates with about 7% fewer shares than it had three years ago. Yet Sanmina bought back no shares in its latest reported quarter. So how much more does each share earn after three years of buybacks.