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.
Key Tronic Corporation (KTCC) delivers electronic manufacturing services (EMS) and precision engineering solutions to global OEMs. This news hub provides investors and industry professionals with direct access to the company's official communications and market developments.
Track all essential updates through our curated collection of earnings reports, manufacturing innovations, and strategic partnership announcements. The repository includes regulatory filings, product launch details, and operational updates critical for understanding KTCC's position in the contract manufacturing sector.
Discover timely information about PCB assembly advancements, global facility expansions, and supply chain initiatives. Our neutral presentation ensures you receive factual updates without speculative commentary, maintaining compliance required for informed financial decision-making.
Bookmark this page for streamlined access to Key Tronic's evolving corporate narrative. Check regularly for new developments impacting the EMS landscape and KTCC's role in shaping manufacturing efficiencies across consumer electronics and industrial markets.
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.
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