SPOKANE, WA – EMS firm Key Tronic Corp. reported third-quarter revenue of $47.2 million, up 4% year-over-year. For the first nine months of fiscal 2007, total revenue was $152.6 million, up 13% from last year.
Net income for the quarter was $700,000, down 22% from 2006. Year to-date net income was $2.5 million, down 3.8%.
The company expects fourth quarter revenue of $45 million to $49 million, excluding an anticipated $2.7 million gain from the sale of its Las Cruces facility.
ELKHART, IN – CTS Corp. reported fourth-quarter net earnings rose 2.7% to $7.7 million on a 1% hike in revenues to $173.5 million.
Revenues were boosted by a 17% increase in EMS sales to the defense/aerospace, medical and communications markets, the company said. Components and Sensors sales increased 5%, primarily for automotive products. Sales were partially offset by weakness in electronic component demand and lower component sales for handset applications, CTS reported.