Key Tronic's preliminary Q2 fiscal revenue falls on reduced demand

Reuters
Feb 04
<a href="https://laohu8.com/S/KTCC">Key Tronic</a>'s preliminary <a href="https://laohu8.com/S/QTWO">Q2</a> fiscal revenue falls on reduced demand

Overview

  • EMS provider's preliminary fiscal Q2 revenue falls yr/yr due to reduced customer demand

  • Company initiates wind-down of its China manufacturing, shifts focus to US and Vietnam

Outlook

  • Key Tronic will not issue revenue or earnings guidance for Q3 due to macroeconomic uncertainty

Result Drivers

  • REDUCED DEMAND - Revenue decline due to reduced demand from a longstanding customer and delays in new program launches amid global economic uncertainties

  • NEW PROGRAMS - New program wins in automotive technology, pest control, and industrial equipment expected to drive future growth

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Sales

$96.32 mln

Q2 EPS

-$0.79

Q2 Net Income

-$8.57 mln

Q2 Pretax Profit

-$12.63 mln

Press Release: ID:nGNX3pCnF9

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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