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 (NASDAQ: KTCC) is an electronic manufacturing services (EMS) and contract manufacturing company that regularly reports on its financial performance, customer program wins and manufacturing footprint. This news page aggregates company announcements, earnings releases and other updates that the company files or distributes through press releases and SEC current reports.
In its recent communications, Key Tronic has highlighted quarterly and annual financial results, including net sales, gross margin and operating margin trends, as well as the impact of cost reduction initiatives and headcount changes. The company also reports on cash flow from operations, debt levels and non-GAAP measures such as adjusted net income (loss) and adjusted net income (loss) per share, providing reconciliations to GAAP figures.
Beyond earnings, Key Tronic’s news often covers new customer programs and contracts in areas such as pest control, personal protection, air purification, automotive, telecommunications, energy storage, aerospace systems, medical technology, utilities inspection equipment, temperature-controlled shipping solutions and energy resiliency technology. The company has announced a significant manufacturing contract with an energy resilience technology provider and a consigned materials program with a large data processing OEM, which it expects to be meaningful to revenue once fully ramped.
Another recurring theme in Key Tronic’s news is its manufacturing expansion and near-shoring strategy. The company has issued releases about expanding production capacity in Arkansas and Vietnam, shifting operations into a larger facility in Springdale, Arkansas, and right-sizing its Mexico facility to address tariff-related uncertainties and customer demand for rebalanced contract manufacturing.
Investors and followers of KTCC can use this news feed to monitor earnings announcements, program wins, facility expansions, cost structure updates and governance-related disclosures such as reporting dates and annual meeting information.
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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.
Key Tronic Corporation (Nasdaq: KTCC) reported strong financial results for Q1 FY2023, with revenue of $137.3 million, up 9% sequentially and 3% year-over-year. The net income increased to $1.2 million or $0.11 per share, reflecting a 41% rise from the previous year. Despite challenges from storm damage impacting gross profit and supply chain constraints, new program wins in diverse sectors like audio and electric vehicles bode well for future growth. The company forecasts Q2 FY2023 revenue between $140 million and $150 million.
Key Tronic Corporation (Nasdaq: KTCC) will report its Q1 fiscal 2023 results on November 1, 2022, after market close. A conference call is scheduled for 2:00 PM Pacific (5:00 PM Eastern) that same day, where financial results will be discussed. The call will be accessible via the Key Tronic website under 'Investor Relations' or by phone.
Key Tronic is a prominent contract manufacturer providing comprehensive design and manufacturing services across the US, Mexico, China, and Vietnam for major OEMs. For more details, visit www.keytronic.com.
Key Tronic Corporation (KTCC) reported fiscal Q4 2022 revenue of $126.2 million, down from $132.6 million in Q4 2021. Annual revenue increased 3% to $531.8 million. Production was affected by supply chain constraints and COVID-related factory closures in China. Net income for Q4 was $1.0 million or $0.09 per share, up from $0.02 per share last year. Gross margin improved to 9.3%. For Q1 FY2023, revenue is projected between $125 million to $135 million, with earnings of $0.05 to $0.10 per share.
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