SPOKANE VALLEY, WA -- Electronic manufacturing services firm Key Tronic raised its guidance for the quarter ending Dec. 26.

The company now expects total revenue in the range of $42 million to $44 million, up from previous estimates of $38 million to $43 million.

Based on improved factory utilization and manufacturing efficiencies, the company also raised its expected net income to $0.10 to $0.13 per share, up from the previous estimate of $0.02 to $0.05.

“Based on preliminary results for the quarter to date and forecasts for the remainder of the second quarter of fiscal 2010, we are seeing stronger than anticipated demand from many of our customers in a wide variety of industries, including our new customer programs which are ramping faster than projected,” said Craig Gates, president and chief executive. “The significant increase in earnings guidance reflects both our stronger than expected revenue and our sustained efforts to enhance our operating efficiency.”

The company expects to report its second quarter results on Jan. 26.

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