The Company’s gross margin was 9.0% and operating margin was 2.2% for the fourth quarter of fiscal year 2024, compared to a gross margin of 8.5% and an operating margin of 2.6% on higher revenue in the same period of fiscal year 2023.Net income was $0.0 million or $0.00 per share for the fourth quarter of fiscal year 2024, compared to net income of $1.1 million or $0.10 per share for the same period of fiscal year 2023.
There are many factors, risks and uncertainties that could cause actual results to differ materially from those predicted or projected in forward-looking statements, including but not limited to: the completion of the Company’s investigation regarding the cybersecurity incident, including the possibility that containment and remediation may not be successful; the improper use of exfiltrated information from the cybersecurity incident and related regulatory proceedings or litigation; the future of the global economic environment and its impact on our customers and suppliers; the availability of components from the supply chain; the availability of a healthy workforce; the accuracy of suppliers’ and customers’ forecasts; development and success of customers’ programs and products; timing and effectiveness of ramping of new programs; success of new-product introductions; the risk of legal proceedings or governmental investigations relating to the subject of the internal investigation by the Company’s Audit Committee and related or other unrelated matters; acquisitions or divestitures of operations or facilities; technology advances; changes in pricing policies by the Company, its competitors, customers or suppliers; impact of new governmental legislation and regulation, including tax reform, tariffs and related activities, such trade negotiations and other risks; and other factors, risks, and uncertainties detailed from time to time in the Company’s SEC filings.
Adjusted net income was $1.1 million or $0.10 per share for the fourth quarter of fiscal year 2024, compared to $1.0 million or $0.09 per share for the same period of fiscal year 2023.
The story "Key Tronic Corporation Announces Results for the Fourth Quarter of Fiscal Year 2024" has 1669 words across 40 sentences, which will take approximately 7 - 14 minutes for the average person to read.
Which news outlet covered this story?
The story "Key Tronic Corporation Announces Results for the Fourth Quarter of Fiscal Year 2024" was covered 18 hours ago by GlobeNewswire, a news publisher based in China.
How trustworthy is 'GlobeNewswire' news outlet?
GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news.
The outlet is headquartered in China and publishes an average of 97 news stories per day.
It's most recent story was published 11 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
