SPOKANE VALLEY, WA – For the second quarter of its fiscal year, Key Tronic Corporation reported revenue of $123.7 million, compared to $134.5 million in the same period of fiscal year 2022.

For the first six months of this fiscal year, the company's total revenue was $261 million, compared to $267.2 million in the same period of fiscal year 2022. For the third quarter of fiscal 2023, Key Tronic expects to report revenue in the range of $160 million to $170 million.

Revenue for the second quarter of was impacted by a six-week delay in starting production for a large program with a leading power equipment company. This delayed revenue by approximately $20 million from the second quarter of fiscal 2023, but production for this program is currently underway and increasing in the third quarter.

“We’re pleased with the successful ramp of new programs and our expanding customer base in the second quarter of fiscal 2023, despite the six-week delay for the large, previously announced power equipment program,” said President and CEO Craig Gates. “Production for that program is now back on track and rapidly ramping up.”

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