SPOKANE VALLEY, WA -- Key Tronic extended its four-year long profitability streak, reporting fiscal third-quarter net income of $3.4 million.
The mid-tier electronic manufacturing services provider said total revenue for the period ended March 3 rose 51% to $95.5 million. It was the second straight quarter of record sales for the EMS firm.
For the first nine months of fiscal 2012, total revenue was $249.7 million, up 33% from fiscal 2011.
Net income for the quarter rose 386% from last year, and is now up 86% in the company's current fiscal year.
“We’re very pleased with our strong growth in revenue and earnings for the third quarter of fiscal 2012, driven primarily by the rapid production ramp up for new customer programs,” said Craig Gates, president and chief executive. “During the quarter, we achieved record quarterly revenue and continued to increase our operating efficiencies. Our gross margin and operating margin were approximately 9% and 5%, respectively. We also continued to diversify our future revenue base by winning new programs involving transportation management, medical and consumer electronic devices.
“In coming periods, we expect to continue capturing market share, driven by our unique combination of world-class engineering and global logistics, and by growing recognition of the cost and logistical advantages of our expanding production capabilities in Mexico. As we grow our business, we remain focused on maintaining outstanding customer service, carefully managing our operating expenses and maximizing our return on invested capital.”
The contract electronics assembler guided for fiscal fourth quarter revenue of $93 million to $98 million.
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斯波坎谷,西澳 - 重点Tronic的延长其为期四年的长期盈利能力连胜,报告财年第三季度净收入340万美元。
中间层的电子制造服务供应商表示,3月3日止期间的总收入95.5亿美元,同比增长51%。这是第二次连续两个季度的EMS公司的销售记录。
首9个月的2012财年,总收入为249.7亿美元,从2011财年增长了33%。
该季度净所得从去年同期上升386%,是该公司当前财年已达到86%。
“我们非常高兴,”我们在2012财年第三季度的收入和盈利的强劲增长的带动下,主要由新客户方案的快速量产,总裁兼首席执行官克雷格·盖茨说。 “在本季度,我们取得了创纪录的季度收入继续增加我们的运营效率。我们的毛利率和经营利润率分别约为9%和5%,分别。我们还继续我们的未来收入基础多样化,赢得新的方案,涉及交通管理,医疗和消费电子设备。
他说:“在未来的时期,我们期望继续夺取市场份额的推动下,我们的世界一流的工程和全球物流的独特组合,越来越多的认识到在墨西哥的优势不断扩大生产能力的成本和后勤。随着我们的成长我们的业务,我们仍然保持出色的客户服务,审慎管理我们的营运开支,并最大限度地提高我们的投资资本回报率的重点。“
指导财政第四季度的收入为93万美元至9800万美元的合同电子组装。