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Stock impact report

Keytronic Corporation Announces Preliminary Results for the Second Quarter of Fiscal 2020

Key Tronic Corporation (KTCC) 
Last key tronic corporation earnings: 4/28 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: keytronic.com/home/investor-relations
Company Research Source: GlobeNewswire
SPOKANE VALLEY, Wash., Jan. 21, 2020 (GLOBE NEWSWIRE) -- Keytronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its preliminary results for the three months ended December 28, 2019. For the second quarter of fiscal 2020, Keytronic expects to report revenue of approximately $117 million, which is on the low end of previous guidance. Keytronic also expects to report earnings of approximately $0.08 per share for the quarter, which is below previous guidance.   The lower than anticipated earnings for second quarter of fiscal 2020 is primarily a result of increased factory spending in the Company’s Juarez metal fabrication departments.  This spending was necessitated by both new and existing customers exiting their manufacturing arrangements in China and ramping their production in Juarez.  While the financial effect on Keytronic was significant, the long-term relationship with these customers was strengthened by the performance of Show less Read more
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