earnings
confidence high
sentiment positive
materiality 0.65
Key Tronic posts record annual revenue of $588.1M, up 11%; EPS up 53%
KEY TRONIC CORP
2023-FY EPS reported
$0.47
revenue$588,135,000
- Record annual revenue $588.1M, up 11% from $531.8M; net income $5.2M ($0.47 EPS) up 53%.
- Q4 revenue $162.6M up 29% YoY; net income $1.1M ($0.10 EPS).
- Gross margin Q4 8.5% vs 9.3% (impacted by Mexican Peso); operating margin improved to 2.6%.
- New program wins in clean energy, inventory control, distribution monitoring.
- Q1 FY2024 guidance: revenue $140-150M, EPS $0.05-$0.15; notes softening demand and customer production pause.