earnings
confidence high
sentiment negative
materiality 0.75
Key Tronic Q2 revenue up 5% to $134.5M; EPS drops to $0.05 from $0.14; Q3 guidance $0.05–$0.10
KEY TRONIC CORP
2022-Q2 EPS reported
$0.13
revenue$267,218,000
- Revenue $134.5M (+5% YoY); gross margin fell to 7.3% from 8.3%; operating margin 1.2% vs 2.1%.
- Net income $0.6M ($0.05/share) vs $1.6M ($0.14/share) a year ago; $0.7M legal costs from SEC whistleblower review.
- Q3 FY2022 guidance: revenue $130M–$140M, EPS $0.05–$0.10, assuming 25% tax rate.
- New program wins include a power equipment customer expected to add ~$80M annual revenue starting FY2023.
- Supply chain disruptions, component shortages, and COVID-19 continue to adversely impact production and margins.