Keytronic Corporation Announces Preliminary Results For Q1 FY24; Expects To Report EPS Of $0.02; Revenue Of $147.7M; Sees Q2 EPS Range Of $0.05-$0.10; Revenue In The Range Of $135M-$145M
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Keytronic Corporation (NASDAQ:KTCC) has announced its preliminary results for Q1 FY24, expecting to report an EPS of $0.02 and revenue of $147.7M. The company also anticipates Q2 EPS to range between $0.05-$0.10 and revenue between $135M-$145M. The lower than expected earnings are due to unanticipated severance costs from workforce reduction in Mexico and the US. The company also continues to be impacted by the strength of the Mexican Peso and high interest expense.
October 24, 2023 | 7:50 pm
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Keytronic's lower than expected earnings are due to unanticipated severance costs from workforce reduction. The company also continues to be impacted by the strength of the Mexican Peso and high interest expense.
The company's earnings are lower than expected due to unanticipated severance costs from workforce reduction. This could negatively impact the company's short-term financial performance. Additionally, the strength of the Mexican Peso and high interest expense continue to adversely impact the company.
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IMPORTANCE 80
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