SPOKANE VALLEY, WA – Key Tronic reported revenue of $164.6 million for the third quarter of its fiscal year, up 19% from $138.4 million in the same period of fiscal year 2022.

The company said the increase in revenue resulted from production for a large program with a leading power equipment company, as well as increased demand from a number of other customers. For the first nine months of fiscal year 2023, total revenue was $425.5 million, up 5% from $405.6 million in the same period of fiscal year 2022.

"We’re pleased with the significant growth in our revenue and earnings in the third quarter of fiscal 2023, driven by our successful ramp of new programs, including major contributions from the large power equipment program," said President and CEO Craig Gates. "We continue to our expand our customer base and won new programs involving security equipment, video and pinball machines, mining safety and productivity products, and telecommunications devices."

For the fourth quarter of fiscal 2023, Key Tronic expects to report revenue in the range of $150 million to $160 million.