Key Tronic Corporation's (KTCC) fourth-quarter fiscal 2024 results reflected significant impacts of a cybersecurity incident that disrupted its operations, leading to mixed performance. The company faced notable challenges, including a sharp year-over-year decline in revenues and break-even earnings, stemming from its inability to fulfill orders during the quarter.However, strategic cost-cutting measures, including workforce reductions and favorable currency fluctuations, provided some relief. As the compan ...

财务数据和关键指标变化 - 第四季度总收入为1.267亿美元,同比下降22%,全年总收入为5.594亿美元,同比下降5% [10] - 第四季度毛利率为9%,同比提升0.5个百分点,经营利润率为2.2%,同比下降0.4个百分点 [12] - 第四季度净收支持平,同比下降1.1百万美元,全年净亏损约80万美元,同比下降6百万美元 [13][14] - 第四季度调整后净收益为110万美元,同比增长10%,全年调整后净收益为340万美元,同比增长55% [13][14] - 存货减少2900万美元,降幅21%,主要反映了部件供应改善和公司努力降低存货 [16] - 应收账款周转天数增加13天至98天,主要受网络安全事件影响 [18] 各条业务线数据和关键指标变化 - 美国和越南生产基地收入占比有所提升,第四季度分别为29%和3% [24] - 中国生产基地仍保持盈利,并获得了一些中国OEM新项目 [26] 各个市场数据和关键指标变化 - 公司在美国和越南的生产基地收入增长,但墨西哥基地收入受到影响 [20][24][25] - 公司预计未来将继续扩大在美国和越南的生产规模 [25] 公司战略和发展方向及行业竞争 - 公司正在重新平衡墨西哥、美国和越南三地的生产布局 [29] - 公司看好未来几年越南生产基地的发展前景 [25] - 公司正在加强垂直整合和制造工艺知识,包括塑料模具、PCB组装、金属成型等,以提升竞争力 [28] - 公司认为全球物流问题和中美地缘政治紧张局势将继续推动制造业回流北美和越南 [22][29] 管理层对经营环境和未来前景的评论 - 公司预计2025财年第一季度收入将反弹至1.4-1.5亿美元,全年净收益将达到0.10-0.20美元/股 [19] - 公司看好未来几年的盈利增长潜力,并将继续投资生产设备和提升运营效率 [29] 其他重要信息 - 第四季度公司遭受网络安全事件影响,导致约1500万美元收入延迟,并产生230万美元额外费用 [10][11] - 公司在第三季度裁员,预计每年可节省1000万美元,大部分成本节约将在2025财年实现 [33][35] - 公司正在考虑进一步的重组以提高运营效率 [38] - 公司在第四季度获得了4个新项目,总金额约3000万美元 [40] 问答环节重要的提问和回答 问题1 **Bill Dezellem 提问** 询问裁员带来的成本节约在2025财年的实现情况 [32][34] **Brett Larsen 回答** 大部分成本节约将在2025财年实现 [33][35] 问题2 **Bill Dezellem 提问** 询问新获得的4个项目的具体情况 [39] **Brett Larsen 回答** 其中2个项目金额约1500万美元,另外2个项目金额在500-1000万美元之间 [40] 问题3 **George Melas 提问** 询问毛利率的未来走势 [62][63] **Brett Larsen 回答** 公司目标是将毛利率保持在9%-10%的水平,并将继续努力提升运营效率 [63][65]

SPOKANE VALLEY, Wash., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter and fiscal year ended June 29, 2024. For the fourth quarter of fiscal year 2024, Key Tronic reported total revenue of $125.7 million, compared to $162.6 million in the same period of fiscal year 2023. For the full year of fiscal 2024, total revenue was $559.4 million, compared to $588.1 million for fiscal year 2023. ...

财务业绩 - 公司发布了2024年6月29日季度的初步财务业绩[8] - 2024年6月29日季度收入和利润情况[8] 用户数据和业务展望 - 用户数据和未来业务展望[8] 新产品和技术研发 - 新产品和新技术研发情况[8] 市场拓展和并购 - 市场扩张和并购等新策略[8]

SPOKANE VALLEY, Wash., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (NASDAQ:KTCC), announced today that it plans to report its results for the fourth quarter and year-end of fiscal 2024 after market close on August 13, 2024. Key Tronic will host a conference call to discuss its financial results at 2:00 PM Pacific (5:00 PM Eastern) on August 13, 2024. A broadcast of the conference call will be available at www.keytronic.com under "Investor Relations" or by calling 888-394-8218 or +1-313-209-4906 ...

SPOKANE VALLEY, Wash., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), announced today that it plans to report its results for the fourth quarter and year-end of fiscal 2024 after market close on August 13, 2024. Key Tronic will host a conference call to discuss its financial results at 2:00 PM Pacific (5:00 PM Eastern) on August 13, 2024. A broadcast of the conference call will be available at www.keytronic.com under “Investor Relations” or by calling 888-394-8218 or +1-313-209-490 ...

SPOKANE VALLEY, Wash., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its preliminary results for the fourth quarter of fiscal year ended June 29, 2024. As previously disclosed, Key Tronic detected a cybersecurity incident on May 6, 2024 that caused disruptions and limited access to portions of the Company’s business applications supporting operations and corporate functions, including financial and operating re ...

SPOKANE VALLEY, Wash., June 20, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC) today announced that, in connection with the previously disclosed retirement of Craig D. Gates, the Company’s President and Chief Executive Officer, Mr. Gates will transition to the role of technical advisor, effective June 30, 2024. In this role, Mr. Gates will provide technical advice to the Company and transition support to the Company’s new President and Chief Executive Officer, Brett R. Larsen. Mr. Gates will ...

SPOKANE VALLEY, Wash., June 20, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC) today announced that, in connection with the previously disclosed retirement of Craig D. Gates, the Company's President and Chief Executive Officer, Mr. Gates will transition to the role of technical advisor, effective June 30, 2024. In this role, Mr. Gates will provide technical advice to the Company and transition support to the Company's new President and Chief Executive Officer, Brett R. Larsen. Mr. Gates will ...

Zacks Investment Research has recently initiated the coverage of Key Tronic Corporation (KTCC) , issuing a “Neutral” recommendation. The report highlights the company’s strategic position in the contract manufacturing sector, while acknowledging its strengths and challenges. Key Tronic, based in Spokane Valley, WA, has evolved significantly since its founding in 1969. Originally a manufacturer of computer keyboards, the company has transitioned into a comprehensive contract manufacturer. This transformation ...