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 reports developments as a Nasdaq-listed electronic manufacturing services provider and contract manufacturer for original equipment manufacturers. Its updates center on quarterly and annual operating results, reporting dates, gross margin trends, customer demand, new program launches and program wins across engineering, materials management, assembly, in-house testing and distribution services.
The company’s news also covers manufacturing-footprint decisions in the United States, Mexico and Vietnam, tariff-related operating conditions, cost-reduction actions, capital-structure disclosures and annual meeting timing. Business updates commonly connect revenue trends and margins to customer order patterns, turnkey and consigned materials programs, and the company’s role in outsourced electronic and mechanical manufacturing.
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Key Tronic Corporation (Nasdaq: KTCC) will report its third quarter results for fiscal 2023 after market close on May 2, 2023.
The company is scheduled to host a conference call at 2:00 PM Pacific (5:00 PM Eastern) on the same day to discuss its financial performance. Interested parties can listen to the call via Key Tronic's Investor Relations page or by calling 888-394-8218 (Access Code: 9727885). A replay will also be available on their website.
Key Tronic is recognized for its contract manufacturing services across its facilities in various countries, including the United States, Mexico, China, and Vietnam, providing comprehensive engineering and manufacturing solutions for leading OEMs.
Key Tronic Corporation (Nasdaq: KTCC) reported second-quarter fiscal 2023 revenues of $123.7 million, down from $134.5 million year-over-year. The decline was mainly due to a six-week production delay on a significant program, costing around $20 million in revenue. However, production is ramping up in Q3. Gross margin was 7.2% and operating margin 2.9%, showing improvement from the previous year. Net income rose to $1.0 million or $0.09 per share compared to $0.6 million or $0.05 per share in Q2 2022. For Q3, Key Tronic expects revenues between $160 million and $170 million.
Key Tronic Corporation (Nasdaq: KTCC) announced plans to report its results for the second quarter of fiscal 2023 after market close on January 31, 2023. A conference call to discuss the financial results is scheduled for 2:00 PM Pacific (5:00 PM Eastern) on the same day. Investors can access the call via the company's website or by phone. Key Tronic specializes in contract manufacturing services, providing full engineering services, materials management, and assembly services to major original equipment manufacturers from its facilities in the U.S., Mexico, China, and Vietnam.
Key Tronic Corporation (Nasdaq: KTCC) reported preliminary results for Q2 fiscal 2023, anticipating revenue of $123.5 million and earnings per share between $0.04 and $0.07. The lower revenue is attributed to a $20 million drop due to a six-week delay in production with a major power equipment client, though production is now ramping up. Despite this setback, the company has seen a record backlog and improving global supply issues. Looking ahead, Key Tronic projects Q3 revenue between $160 million and $170 million with EPS expected to range from $0.15 to $0.25.