Zacks Initiates Coverage of Key Tronic With Neutral Recommendation

For the fourth quarter of fiscal 2024, Key Tronic projects revenues between $135 million and $145 million, indicating a rebound from previous constraints. The company also anticipates earnings per diluted share of 3-10 cents. Despite workforce reductions in Mexico, which are expected to save more than $10 million annually, sales from Mexico-based production are projected to rebound due to newly secured programs. For a comprehensive analysis of Key Tronic's financial health, strategic initiatives and market ...