KEY TRONIC CORP. REPORTS THIRD-QUARTER EARNINGS
KEY TRONIC CORP. REPORTS THIRD-QUARTER EARNINGS SPOKANE, Wash., April 27 /PRNewswire/ -- Key Tronic Corp.
(NASDAQ-NMS: KTCC), the Spokane-based manufacturer of computer keyboards and other input devices, today announced results of its third quarter of fiscal 1992. For the quarter, net income of $463,000 (6 cents per share) was reported on net sales of $37.1 million. This compares to a net loss of $1.7 million (22 cents per share) on sales of $41.5 million for the third quarter of the prior year.
For the three quarters of the fiscal year, Key Tronic has recorded a net loss of $2.3 million (29 cents per share) on sales of $92.1 million compared to a loss of $113,000 (1 cent per share) on sales of $112.2 million during the same three quarters of the prior year. The current year loss is attributable to a loss of $3.0 million incurred in its first fiscal quarter. KEY TRONIC CORP. FINANCIAL HIGHLIGHTS (In thousands, except shares and per-share amounts) Third quarter Ended Three Quarters Ended 04/04/92 04/06/91 04/04/92 04/06/91 Net sales $37,102 $41,503 $92,097 $112,242 Net income (loss) 463 (1,698) (2,263) (113) Per share (loss) $ 0.06 $ (0.22) $ (0.29) $ (0.01) Weighted average shares outstanding 7,737,388 7,735,720 7,736,387 7,735,720 -0- 4/27/92 /CONTACT: Steven P. Benner of Key Tronic, 509-928-8000/ (KTCC) CO: Key Tronic Corp. ST: Washington IN: CPR SU: ERN
JH-LM -- SE007 -- 3166 04/27/92 12:33 EDT
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|Date:||Apr 27, 1992|
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