Gross Margin Improvement
Gross margins improved to 7.7% in Q3 FY2025 from 5.7% in the same period of FY2024, reflecting cost-cutting and headcount reductions.
Reduction in Net Loss
Net loss was reduced to $0.6 million in Q3 FY2025 from $2.2 million in the same period of FY2024.
Inventory and Liabilities Reduction
Inventory levels were reduced by approximately $16 million, or 14%, and total liabilities by $34.3 million, or 14%, from a year ago.
New Business Wins
Key Tronic won new programs in telecommunications, pest control, energy storage, medical technology, and temperature-controlled shipping solutions.
Expansion Plans
Plans to expand production capacity in Arkansas and Vietnam, with $28 million investment in Arkansas expected to create over 400 new jobs.