Key Tronic Reports Q3 Sales Decline
LongbridgeAI
05-07 04:02
1 sourcesoutlets including Reuters
Summary
Key Tronic Corporation reports a 21.3% decline in third-quarter sales, totaling $112 million, compared to $142.4 million in Q3 2024, due to global tariff disruption and economic uncertainty. Sales fell from $440.4 million to $357.4 million in the first nine months of fiscal year 2025. Despite challenges, the company remains optimistic about long-term growth, implementing cost-cutting measures and expanding capacity in the U.S. and Vietnam. Key Tronic has not provided guidance for Q4 FY2025 due to ongoing uncertainties. Reuters
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