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Key Tronic profit beats consensus by 28.8% in fiscal Q2

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Key Tronic profit beats consensus by 28.8% in fiscal Q2

Key Tronic Corp. said its normalized net income for the fiscal second quarter ended Dec. 26, 2015, amounted to 10 cents per share, compared with the S&P Capital IQ consensus estimate of 8 cents per share.

EPS fell 10.5% year over year from 12 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.2 million, a decrease of 10.9% from $1.3 million in the prior-year period.

The normalized profit margin declined to 1.0% from 1.2% in the year-earlier period.

Total revenue rose year over year to $116.4 million from $114.3 million, and total operating expenses rose from the prior-year period to $114.0 million from $111.8 million.

Reported net income rose 13.8% year over year to $1.8 million, or 16 cents per share, from $1.6 million, or 14 cents per share.