Brief: Key Tronic Sees Q1 2020 Revenue Between $115 Million To $120 Million

Key Tronic

06/08/2019 21:37

Aug 6 (Reuters) - Key Tronic Corp  KTCC.O :
    * ORATION ANNOUNCES RESULTS FOR THE FOURTH QUARTER AND YEAR
END OF
FISCAL YEAR 2019
    * SEES Q1 2020 EARNINGS PER SHARE $0.12 TO $0.17
    * Q4 EARNINGS PER SHARE $0.08
    * SEES Q1 2020 REVENUE $115 MILLION TO $120 MILLION
    * Q4 REVENUE $105.6 MILLION VERSUS $117 MILLION
    * IN Q4 , WE SAW A DISRUPTION IN DELIVERIES OF A CRITICAL
COMPONENT FROM A SUPPLIER IN CHINA
    * IN Q4 , WE SAW DELAYS IN RAMP OF A NEW PROGRAM DUE TO
CUSTOMER-DRIVEN DESIGN CHANGES
    * IN Q4 , WE SAW TEMPORARY REDUCTIONS IN CUSTOMER DEMAND DUE
TO
CONCERNS OVER TARIFFS AND TRADE TENSION BETWEEN US AND MEXICO
    * MOVING INTO Q1 OF FISCAL 2020, DISRUPTION AND DELAYS
EXPERIENCED
IN Q4 HAVE BEEN LARGELY RESOLVED

Source text for Eikon:  ID:nGNXf4rNN 
Further company coverage:  KTCC.O 

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