October 30, 2013 in Business

Key Tronic Corp.

Spokane Valley contract manufacturer
Stock symbol:KTCC
Reporting period: 1Q

Profit of $1.7 million

16 cents per share

Versus 1Q 2013

Profit of $3.7 million

35 cents per share

Revenue: Quarterly revenue was $78 million, compared with $97.5 million one year earlier.
Analysis: CEO Craig Gates said performance was impacted by reduced orders from the company’s larger customers. The largest customer last fiscal quarter amounted to 23 percent of sales. By the fourth quarter this year, the top customer will have contributed 15 percent of total revenue, he said.

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