Welcome to our dedicated page for KEY Tronic news (Ticker: $KTCC), a resource for investors and traders seeking the latest updates and insights on KEY Tronic stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect KEY Tronic's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of KEY Tronic's position in the market.
Key Tronic reported total revenue of $140.5 million for the third quarter of fiscal year 2024, compared to $164.6 million in the same period of fiscal year 2023, impacted by severe weather events and softening demand in Mexico.
The Company's margins and profitability were significantly impacted by severance costs, high labor costs, and interest expense, resulting in a gross margin of 5.8% and an operating margin loss of (0.4)%.
Net loss was $(2.2) million or $(0.21) per share for the quarter, compared to net income of $2.0 million or $0.18 per share in 2023.
Key Tronic expects fourth-quarter revenue in the range of $135 million to $145 million, with earnings between $0.03 to $0.10 per diluted share.