Key Tronic Corp. had record quarterly revenue for the first quarter of fiscal 2013. The Spokane Valley contract manufacturer has been on a slow and steady roll. It keeps winning customers and hanging onto their business.
Total quarterly revenue came to $97.5 million, up 40 percent from $69.8 million in the same period from fiscal 2012.
It had income of $3.7 million or 35 cents per diluted share, up 200 percent from $1.2 million or 12 cents per diluted share for the same period of fiscal year 2012. Key Tronic's 1Q 2013 earnings were not the best ever, said company VP Ron Klawitter.
The stock, traded on NASDAQ, duly popped this morning. Here's the chart as of noon East Coast Time. The chart is just for Oct. 31. The dip in price happened around 10 a.m., followed by a strong rise afterward.