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Stock impact report

Key Tronic Corporation Announces Results for the Second Quarter of Fiscal Year 2024 [Yahoo! Finance]

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: Yahoo! Finance
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. Revenue growth for the second quarter of fiscal year 2024 was driven by increased production at the Company's US-based and Vietnam-based facilities, as well as by the sale of approximately $8.1 million of inventory from a discontinued program. For the first six months of fiscal year 2024, total revenue was $293.2 million, up 12% from $261.0 million in the same period of fiscal year 2023. For the second quarter of fiscal year 2024, the Company's gross margin was 8.1% and operating margin was 2.7%, compared to a gross margin of 7.2% and an operating margin of 2.9% in the same period of fiscal year 2023. T Show less Read more
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