SPOKANE VALLEY, WA -- Electronic manufacturing services company Key Tronic Corp. reported fiscal fourth-quarter net income rose 153% on a jump in new programs.
The company reported profits of $3.8 million for the period ended June 30, on a 46% hike in revenue.
Sales for the quarter reached $96.7 million, a new company high.
For the full fiscal year, Key Tronic has profits of $11.6 million, up from $5.7 million, on revenue of $346.5 million, up 36%.
Key Tronic said the number of programs rose 39% year-over-year to 165 as it added 15 customers, for a total of 48.
The EMS company guided for fiscal first-quarter revenue of $94 million to $99 million.