2024-02-06 23:18:08 ET
Key Tronic Corporation (KTCC)
Q2 2024 Earnings Conference Call
February 06, 2024, 05:00 PM ET
Company Participants
Brett Larsen - CFO
Craig Gates - President and CEO
Conference Call Participants
Bill Dezellem - Tieton Capital
George Melas - MKH Management
Robert Poole - Bricoleur Capital Management LLC
Presentation
Operator
Good day, and welcome to the second Quarter Fiscal 2024 Key Tronic's Conference Call. Today's conference is being recorded.
At this time, I'd like to turn the conference over to Mr. Brett Larsen. Please go ahead.
Brett Larsen
Good afternoon, everyone. I am Brett Larsen, Chief Financial Officer of Key Tronic. I would like to thank everyone for joining us today for our investor conference call. Joining me here in our Spokane Valley headquarters is Craig Gates, our President and Chief Executive Officer, and Tony Voorhees, our Vice President of Finance and Corporate Controller.
As always, I would like to remind you that during the course of this call, we might make projections or other forward-looking statements regarding future events or the company's future financial performance. Please remember that such statements are only predictions. Actual events or results may differ materially. For more information, you may review the risk factors outlined in the documents the company has filed with the SEC, specifically our latest 10-K, quarterly 10-Qs and 8-Ks.
Please note that on this call, we will discuss historical financial and other statistical information regarding our business and operations. Some of this information is included in today's press release, and a recorded version of this call will be available on our website.
Today, we released our results for the three months ended December 30, 2023. For the second quarter of fiscal 2024, we reported total revenues of $154.4 million, up 18% from $123.7 million in the same period of fiscal 2023. Revenue growth for the second quarter of fiscal 2024 was driven by increased production at our U.S.-based and Vietnam-based facilities, as well as by the sale of approximately $8.1 million of inventory from a discontinued program....
Read the full article on Seeking Alpha
For further details see:
Key Tronic Corporation (KTCC) Q2 2024 Earnings Call Transcript