Key Tronic Corporation Announces Results For The Fourth Quarter And Year End Of Fiscal 2023
For the fourth quarter of fiscal year 2023, Keytronic reported total revenue of $162.6 million, up 29% from $126.2 million in the same period of fiscal year 2022.
- For the fourth quarter of fiscal year 2023, Keytronic reported total revenue of $162.6 million, up 29% from $126.2 million in the same period of fiscal year 2022.
- For the full year of fiscal 2023, total revenue was $588.1 million, a company record and up 11% from $531.8 million for fiscal year 2022.
- Revenue for the fiscal year 2023 included new program ramps, as well as increased demand from a number of longstanding customer programs.
- The gross margin in the fourth quarter of fiscal year 2023 was adversely impacted by the foreign currency strengthening of the Mexican Peso.