
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
Metric | Beat/Miss | Actual | Consensus 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
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