Earnings Call Summary | Key Tronic(KTCC.US) Q3 2024 Earnings Conference
Earnings Call Summary | Key Tronic(KTCC.US) Q3 2024 Earnings Conference
The following is a summary of the Key Tronic Corporation (KTCC) Q3 2024 Earnings Call Transcript:
以下是Key Tronic Corporation(KTCC)2024年第三季度業績電話會議記錄的摘要:
Financial Performance:
財務業績:
Key Tronic reported Q3 2024 revenue of $140.5 million, a decrease from Q3 2023 due to harsh winter weather halting operations.
Gross margin stood at 5.8% with an operating margin loss of 0.4% for Q3 2024.
The company experienced a net loss of $2.2 million, or $0.21 per share, compared to a net income in the same period of 2023.
Severance costs of $3.7 million were incurred with workforce reductions in Mexico.
The company successfully reduced its inventory by $39 million, indicating better component availability.
Key Tronic報告稱,2024年第三季度收入爲1.405億美元,較2023年第三季度有所下降,原因是嚴酷的冬季天氣使運營停止。
2024年第三季度的毛利率爲5.8%,營業利潤率下降0.4%。
與2023年同期的淨收入相比,該公司的淨虧損爲220萬美元,合每股虧損0.21美元。
墨西哥裁員造成了370萬美元的遣散費。
該公司成功地將庫存減少了3,900萬美元,這表明組件可用性有所提高。
Business Progress:
業務進展:
Despite workforce reduction, the expected annual savings would be more than $10 million.
New company programs have been secured, worth up to $33 million across various sectors.
Focus is shifting towards higher volume manufacturing while handling lower-volume products at different sites.
Investment plans are underway to upgrade production equipment at US and Vietnam locations.
A restructuring of operations is taking place to manage costs and cater to customer demands better.
A promising backlog of customer pipeline and new quotes suggests positive business progress.
Key Tronic predicts a revenue between $135 million to $145 million with net income of $0.03 to $0.10 per share for Q4 2024.
儘管裁員,但預計每年可節省超過1000萬美元。
各行各業價值高達3,300萬美元的新公司計劃已經獲得保障。
重點正在轉移到大批量生產上,同時在不同地點處理小批量產品。
投資計劃正在進行中,以升級美國和越南工廠的生產設備。
正在進行業務重組,以管理成本並更好地滿足客戶需求。
大量積壓的客戶渠道和新的報價表明業務取得了積極的進展。
Key Tronic預測,2024年第四季度的收入在1.35億美元至1.45億美元之間,每股淨收益爲0.03美元至0.10美元。
More details: Key Tronic IR
更多詳情: Key Tronic IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。