Key Tronic Corporation Announces First Quarter EPS of $.17

Key Tronic Corporation

today announced its results for the quarter ended October 2, 2010. For the first quarter of fiscal 2011, Key Tronic reported total revenue of $63.3 million, up 53% from $41.3 million in the same period of fiscal 2010. Net income for the first quarter of fiscal 2011 was $1.7 million or $0.17 per diluted share, compared to $0.3 million or $0.03 per diluted share for the same period of fiscal 2010. The Company continued to maintain strong operating efficiencies. For the first quarter of fiscal 2011, gross margin was 9% and operating margin was 4%, up from 6% and 1%, respectively, in the same period of fiscal 2010.