Key Tronic Corporation (KTCC) Reports Fourth Quarter Earnings Well Above Guidance
Key Tronic Corporation (KTCC), a provider of electronic manufacturing services (EMS) to original equipment manufacturers (OEMs), reported fourth quarter and fiscal 2008 year-end financial results this afternoon after the closing bell. Revenues rose 17% for the quarter to $57.3 million, compared to $49.2 million in Q4 2007. Net income for the quarter was $2.6 million, or 25 cents per share, compared to $2.7 million, or 26 cents per share, in the prior year. Last year’s Q4 net income included a gain of $1.5 million, or 14 cents per share, on the sale of a facility. On a comparable basis, excluding…