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Key Tronic Corporation Announces Results for the First Quarter of Fiscal Year 2025

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., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended September 28, 2024. For the first quarter of fiscal year 2025, Key Tronic reported total revenue of $131.6 million, compared to $150.1 million in the same period of fiscal year 2024. Revenue in the first quarter of fiscal year 2025 was adversely impacted by customer-driven design and qualification delays of three programs that we believe impacted revenue by approximately $9 million. These delays have since been resolved on two of these programs and shipments have resumed in the second quarter.   Production in Key Tronic’s Mexico facilities in the first quarter of fiscal year 2025 increased by approximately 10% sequentially from the prior quarter.   The Company saw significant improvement in its production efficiencies compared to the first quarter of fiscal year 2024, primarily a Show less Read more
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