Key Tronic Q1 FY2023 revenue up 3% YoY to $137.3M, EPS $0.11; guides Q2 revenue $140-150M

KEY TRONIC CORP

2023-Q1 EPS reported $0.11 revenue$137,263,000

Revenue $137.3M (+3% YoY); net income $1.2M ($0.11 EPS) vs $0.8M ($0.07) YoY.
Gross margin 7.6% flat YoY; operating margin improved to 2.4% from 1.6%.
New program wins in audio, automation, EV, and power distribution; Mexico facility ramping for outdoor power equipment.
Arkansas storm damage reduced revenue and gross profit; initial insurance proceeds received.
Q2 FY2023 guidance: revenue $140-150M, EPS $0.13-$0.18.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KEY TRONIC CORP reported the first quarter of fiscal year 2023 results: revenue $137.3 million, net income $1.2 million, EPS $0.11 per share. Guidance initiated.

Period: the first quarter of fiscal year 2023
Revenue: $137.3 million
Net income: $1.2 million
EPS: $0.11 per share
Guidance: initiated
Result: preliminary results

Exact text from the filing

manufacturing services (EMS), today announced its results for the quarter ended October 1, 2022. For the first quarter of fiscal year 2023, Key Tronic reported total revenue of $137.3 million, up 9% from the previous quarter and up 3% from $132.8 million in the same period of fiscal year 2022. During the first quarter of fiscal year 2023, the Company ramped up new

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accession 0000719733-22-000067

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