News

SPOKANE VALLEY, WA – EMS provider Key Tronic Corp. reported total revenue of $44.6 million in the first quarter of 2008, down nearly 20% year-over-year.

Net income for the quarter was $200,000, a decrease of close to 86% compared to the same period in 2007.

“As anticipated, we saw slower demand from a number of our established customers in the first quarter of fiscal 2008, while our new programs contributed a growing portion of our revenue,” said Jack Oehlke, president and CEO. “We expect both our established customers and our new customer programs to drive strong revenue and earnings growth in the second half of fiscal 2008.

For the second quarter, the company expects revenue in the range of $45 million to $48 million.