Key Tronic’s Q4 Net Income Down 35% PDF Print E-mail
Written by Chelsey Drysdale   
Tuesday, 23 August 2011 18:00

SPOKANE VALLEY, WA – Contract electronics manufacturer Key Tronic Corp. today reported fiscal fourth-quarter 2011 net income of $1.5 million, down 34.8% year-over-year.

Revenue for the period ended July 2 rose 7% year-over-year to $66 million.

For the full year, total revenue was $253.8 million, up 27% compared to fiscal 2010. Net income was $5.7 million, down 34.5% compared to 2010.

“During most of the year, our operating performance was adversely affected, as we absorbed the costs associated with bringing many new programs into production, while dealing with industry-wide supply chain constraints. By the fourth quarter, the component shortages were behind us. We move into fiscal 2012 with strong business momentum and a highly diversified customer base, and anticipate more of our new programs moving into production and gradually ramping up,” said Craig Gates, president and CEO.

For the first quarter of fiscal 2012, the company expects to report revenue in the range of $65 million to $69 million.



Eastern-US: China’s New Competitor?

Parity emerges among EMS Factories from Asia, Mexico and the US.

For the first time in years we see parity in the Eastern US among EMS factories from Asia, Mexico and the US. This EMS market condition will permit American OEMs (the EMS industry refers to OEMs as customers) to have more EMS pathways to choose from. Now more than ever, such EMS assignments will require deeper investigation relating to the OEMs’ evaluation of manufacturing strategies.

The Human Touch

For those who count on the electronics industry for big feats, it’s been a remarkable couple of years.



Advances in Concentration Monitoring and Closed-Loop Control

Contaminated bath water skews refractive index results. New technology can accurately measure aqueous cleaning agent concentration.

Circuits Disassembly: Materials Characterization and Failure Analysis

A systematic approach to nonconventional methods of encapsulant removal.





CB Login



English French German Italian Portuguese Russian Spanish


Panasonic Debuts PanaCIM Maintenance with Augmented Reality
PanaCIM Maintenance with Augmented Reality software provides instant communication and information to factory technicians -- when and where it is needed -- so they can respond to factory needs more...