SPOKANE, WA -- Key Tronic Corp. said fiscal fourth-quarter earnings rose to $2.8 million, up from $265,000 a year ago. The electronic manufacturing services firm said revenue grew 20% to $53.2 million for the quarter ended July 2.
Catalyst Manufacturing Services will purchase the subsidiary, TFS Electronic Manufacturing Services Inc., in a deal worth about $6.6 million. Catalyst will pay $3.6 million in cash and assume certain liabilities of TFS EMS.