Key Tronic

Key Tronic Corporation Announces Results For the Third Quarter of Fiscal Year 2024

Retrieved on: 
Tuesday, May 7, 2024
EMS, Weather, Access code, Key Tronic, Mexican peso, Workforce, Telecommunications

SPOKANE VALLEY, Wash., May 07, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended March 30, 2024.

Key Points: 
  • SPOKANE VALLEY, Wash., May 07, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended March 30, 2024.
  • For the third quarter of fiscal year 2024, Key Tronic reported total revenue of $140.5 million, compared to $164.6 million in the same period of fiscal year 2023.
  • For the first nine months of fiscal year 2024, total revenue was $433.7 million, compared to $425.5 million in the same period of fiscal year 2023.
  • Key Tronic will host a conference call to discuss its financial results at 2:00 PM Pacific (5:00 PM Eastern) today.

Key Tronic Corporation Announces Preliminary Results for the Third Quarter of Fiscal Year 2024

Retrieved on: 
Thursday, April 25, 2024
Key Tronic, Workforce, Mexican peso, EMS, Weather, Pharmaceutical industry

SPOKANE VALLEY, Wash., April 25, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its preliminary results for the three months ended March 30, 2024.

Key Points: 
  • SPOKANE VALLEY, Wash., April 25, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its preliminary results for the three months ended March 30, 2024.
  • For the third quarter of fiscal 2024, Key Tronic expects to report revenue of approximately $140 million, in line with revenue expectations, and a net loss of approximately ($0.18) to ($0.23) per share, which is below expectations.
  • Moreover, the severance costs were incurred late in the third quarter, which limited the previously planned payroll expense reductions anticipated in the third quarter.
  • The Company plans to report its complete results and host its earnings conference call for the third quarter of fiscal 2024 on May 7, 2024.

Key Tronic Corporation Announces Third Quarter Reporting Date

Retrieved on: 
Thursday, April 25, 2024
Key Tronic, Access code

SPOKANE VALLEY, Wash., April 25, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), announced today that it plans to report its results for the third quarter of fiscal 2024 after market close on May 7, 2024.

Key Points: 
  • SPOKANE VALLEY, Wash., April 25, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), announced today that it plans to report its results for the third quarter of fiscal 2024 after market close on May 7, 2024.
  • Key Tronic will host a conference call to discuss its financial results at 2:00 PM Pacific (5:00 PM Eastern) on May 7, 2024.
  • A broadcast of the conference call will be available at www.keytronic.com under “Investor Relations” or by calling 866-400-0049 or +1-313-209-4906 (Access Code: 8579827).
  • A replay will be available at www.keytronic.com under “Investor Relations”.

Allonnia Launches Mining Advisory Board to Support Development and Integration of Biological Solutions for the Mining Industry

Retrieved on: 
Thursday, March 14, 2024
Recycling, Health, Mining, Minerals, Environment, Sustainability, Natural Resources, Biotechnology, Exploration, Ontario Teachers' Pension Plan, Thiokol, Risk, BHP, Copper, Research, Key Tronic, Engineering, Metallurgy, Mineral, Society, Newmont, Nickel, Senior advisor, Rio Tinto, Lithium, International Finance Corporation, World Bank, Teaching

Allonnia , the bio-ingenuity company dedicated to extracting value where others see waste, today announced the establishment of their Mining Advisory Board.

Key Points: 
  • Allonnia , the bio-ingenuity company dedicated to extracting value where others see waste, today announced the establishment of their Mining Advisory Board.
  • Consisting of mining industry experts from academia, mining majors, and private institutions, the Board will support Allonnia with developing and delivering transformational biological solutions tailored to the mining industry.
  • “The mining industry is at a critical inflection point, and biotechnology offers a range of new solutions,” said Chuck Price, Chief Commercial Officer of Allonnia.
  • “This Mining Advisory Board brings together some of the most experienced minds in mining to collaborate on new approaches for the industry’s most pressing challenges.

Key Tronic Corporation Announces Results for the Second Quarter of Fiscal Year 2024

Retrieved on: 
Tuesday, February 6, 2024
Key Tronic, Access code, Sale, EMS, Workforce

SPOKANE VALLEY, Wash., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended December 30, 2023.

Key Points: 
  • SPOKANE VALLEY, Wash., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended December 30, 2023.
  • For the second quarter of fiscal year 2024, Key Tronic reported total revenue of $145.4 million, up 18% from $123.7 million in the same period of fiscal year 2023.
  • The increase in gross margin in the second quarter of fiscal year 2024 reflects a favorable product mix for the quarter and improved operating efficiencies.
  • For the third quarter of fiscal 2024, Key Tronic expects to report revenue in the range of $135 million to $145 million.

Key Tronic Corporation Announces Second Quarter Reporting Date

Retrieved on: 
Thursday, January 25, 2024
Access code, Key Tronic

SPOKANE VALLEY, Wash., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), announced today that it plans to report its results for the second quarter of fiscal 2024 after market close on February 6, 2024.

Key Points: 
  • SPOKANE VALLEY, Wash., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), announced today that it plans to report its results for the second quarter of fiscal 2024 after market close on February 6, 2024.
  • Keytronic will host a conference call to discuss its financial results at 2:00 PM Pacific (5:00 PM Eastern) on February 6, 2024.
  • A broadcast of the conference call will be available at www.keytronic.com under “Investor Relations” or by calling 877-400-0505 or +1-323-701-0225 (Access Code: 5587222).
  • A replay will be available at www.keytronic.com under “Investor Relations”.

Key Tronic Corporation Announces Results for the First Quarter of Fiscal Year 2024

Retrieved on: 
Tuesday, October 31, 2023
Mexican peso crisis, Workforce, EMS, Access code, Mexican peso, Security (finance), Drug, Key Tronic

SPOKANE VALLEY, Wash., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended September 30, 2023.

Key Points: 
  • SPOKANE VALLEY, Wash., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended September 30, 2023.
  • These results are in line with the preliminary results announced on October 24, 2023.
  • For the first quarter of fiscal year 2024, Keytronic reported total revenue of $147.8 million, up 8% from $137.3 million in the same period of fiscal year 2023.
  • For the first quarter of fiscal 2024, net income was $0.3 million or $0.03 per share, compared to $1.2 million or $0.11 per share for the same period of fiscal 2023.

Keytronic Corporation Announces Preliminary Results For the First Quarter of Fiscal Year 2024

Retrieved on: 
Tuesday, October 24, 2023
Key Tronic, Workforce, EMS, Mexican peso, Food delivery, Video game

For the first quarter of fiscal 2024, Keytronic expects to report revenue of approximately $147.7 million, in line with revenue expectations, and earnings of approximately $0.02 per share, which are below expectations.

Key Points: 
  • For the first quarter of fiscal 2024, Keytronic expects to report revenue of approximately $147.7 million, in line with revenue expectations, and earnings of approximately $0.02 per share, which are below expectations.
  • For the second quarter of fiscal 2024, the Company expects to report revenue in the range of $135 million to $145 million and earnings in the range of $0.05 to $0.10 per diluted share.
  • The revenue and earnings estimates for the first and second quarters of fiscal 2024, and the finalization of financial results for the first quarter of 2024, are subject to completion of the Company’s quarterly close and review procedures which are still ongoing.
  • The Company plans to report its complete results and host its earnings conference call for the first quarter of fiscal 2024 on October 31, 2023.

Key Tronic Corporation Announces First Quarter Reporting Date

Retrieved on: 
Monday, October 23, 2023
Key Tronic, Access code, Rare-earth element, Cryptocurrency

SPOKANE VALLEY, Wash., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), announced today that it plans to report its results for the first quarter of fiscal 2024 after market close on October 31, 2023.

Key Points: 
  • SPOKANE VALLEY, Wash., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), announced today that it plans to report its results for the first quarter of fiscal 2024 after market close on October 31, 2023.
  • Keytronic will host a conference call to discuss its financial results at 2:00 PM Pacific (5:00 PM Eastern) on October 31, 2023.
  • A broadcast of the conference call will be available at www.keytronic.com under “Investor Relations” or by calling 888-254-3590 or +1-323-794-2551 (Access Code: 5128668).
  • A replay will be available at www.keytronic.com under “Investor Relations”.

Key Tronic Corporation Announces Results For The Fourth Quarter And Year End Of Fiscal 2023

Retrieved on: 
Tuesday, August 15, 2023
Mexican peso, Access code, EMS, Growth, Mexican peso crisis, Video game, Security (finance), Key Tronic

For the fourth quarter of fiscal year 2023, Keytronic reported total revenue of $162.6 million, up 29% from $126.2 million in the same period of fiscal year 2022.

Key Points: 
  • For the fourth quarter of fiscal year 2023, Keytronic reported total revenue of $162.6 million, up 29% from $126.2 million in the same period of fiscal year 2022.
  • For the full year of fiscal 2023, total revenue was $588.1 million, a company record and up 11% from $531.8 million for fiscal year 2022.
  • Revenue for the fiscal year 2023 included new program ramps, as well as increased demand from a number of longstanding customer programs.
  • The gross margin in the fourth quarter of fiscal year 2023 was adversely impacted by the foreign currency strengthening of the Mexican Peso.