Circuits Assembly Online Magazine - Key Tronic Reports Q4 Revenue down 6% YoY

SPOKANE VALLEY, WA – EMS provider Key Tronic Corp. reported revenue of $49.2 million for the fourth quarter, up 4% sequentially and down 6% year-over-year.

Net income for the fourth quarter was $2.7 million, which included a benefit from the company's sale of its former facility in Las Cruces, NM, of approximately $1.5 million.

This compares to $7.1 million for the same period last year, which included an income tax benefit of approximately $5 million.

For the year, revenue was $201.7 million, up 7% from last year. Net income was $5.2 million, down 47% year-over-year.