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KTCC Key Tronic News Story

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Key Tronic's preliminary Q2 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

MetricBeat/MissActualConsensus 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 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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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