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Key Tronic announces plans to increase production capacity in Arkansas, Vietnam
Key Tronic announced that it plans to significantly increase production capacity in Arkansas and Vietnam in order to continue to benefit from the growing customer demand for rebalancing their contract manufacturing. This expansion is also expected to help mitigate the adverse impact and uncertainties surrounding the recently announced tariffs on goods manufactured in China and Mexico. In Arkansas, the company has signed a new lease to significantly increase the size of its current manufacturing footprint by June. In Vietnam, Key Tronic has ample space in its current facility and plans to double its manufacturing capacity by September 2025 with a significant investment in capital equipment.
Key Tronic awarded contract with energy resilience technology provider
Key Tronic expects to begin manufacturing in the second half of 2025 for a energy resilience technology provider. Key Tronic has been awarded the manufacturing of an energy resiliency product. Initial production will ramp in late 2025 at the Key Tronic manufacturing campuses in Juarez, Mexico and Arkansas. Once fully ramped, Key Tronic believes the yearly revenue could exceed $60M.
Key Tronic sees Q3 EPS 0c-15c
Sees Q3 revenue $115M-$130M. The company said, "Key Tronic expects revenue and earnings to recover in the third quarter of fiscal year 2025 as strategic initiatives undertaken in previous quarters come to fruition. The Company is actively streamlining its international and domestic operations, with further headcount reductions to enhance efficiency, building on similar actions announced in the third quarter of fiscal year 2024. At the same time, Key Tronic continues to win new programs involving aerospace systems and energy resiliency technology products, which was announced in a separate press release on January 24, 2025, and has reduced inventories to be more in line with current revenue levels."
Key Tronic sees Q2 EPS (40c)-(48c)
Sees Q3 revenue approximately $114M. The company said, "The lower than anticipated revenue and earnings for the second quarter of fiscal year 2025 are primarily due to the impact from unexpected component shortages, lower-than-expected production during the holiday season, and reduced demand from certain customers which together lowered revenue by approximately $15M for the quarter. As previously announced, the Company also expects to report approximately $1M in write-offs of unamortized loan fees related to refinancing its debt with a new lender."
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