earnings
confidence high
sentiment negative
materiality 0.70
Key Tronic Q1 FY2022 revenue up 8% to $132.8M but EPS drops to $0.07 from $0.16
KEY TRONIC CORP
2022-Q1 EPS reported
$0.07
revenue$132,762,000
- Net income $0.8M ($0.07 per share) vs $1.7M ($0.16) YoY; impacted by $0.4M legal expenses from internal investigation.
- Gross margin fell to 7.6% from 8.1%; operating margin to 1.6% from 2.3% due to supply-chain disruptions.
- New program wins for industrial testing, medical diagnostics, and pharmaceutical water treatment.
- Q2 FY2022 guidance: revenue $125-135M, EPS $0.03-0.08; component shortages and logistic delays continue.
- CEO cites favorable trend of contract manufacturing returning to North America.