Key Tronic Stock Price, News & Analysis

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.

Key Tronic Corporation (Nasdaq: KTCC) announced plans to release its financial results for Q4 and the fiscal year 2022 on August 9, 2022, after market close. A conference call will follow at 2:00 PM Pacific (5:00 PM Eastern) on the same day to discuss these results. The call can be accessed via the company's website under 'Investor Relations' or through dedicated phone lines. Key Tronic provides advanced design and manufacturing services across multiple global facilities, serving top original equipment manufacturers.