Post by HR Farmer on Sept 1, 2020 12:57:09 GMT
KTCC (NASDAQ) - Keytronic Corporation is a contract manufacturer of electronics based out of Washington state. Shares ~11m, m/c ~$90m. Reported earnings of .14/shr last q (vs .08 prior year). Though results were improved, they were still suppressed by a temporary COVID closure of one of their facilities in Mexico. KTCC issued forward guidance of .18-.25/shr for next Q (vs. .15 last year), which, if they hit the high end, will give their $8 shares a p/e of ~8 rather than the current ~18.
Of big interest:
“During the fourth quarter of fiscal year 2020, we won new programs involving sanitizer dispensing, automotive controllers, oil and gas drilling, wireless security and personal healthcare protective equipment. A large program that we announced in the third quarter, which when fully ramped is anticipated to contribute $100 million in annual revenue, got underway in the fourth quarter and is expected to contribute to revenue in fiscal 2021."
finance.yahoo.com/news/key-tronic-corporation-announces-results-200000937.html
They also just completed a new credit facility to help manage the growth. So growing company, profitable company, giving guidance of increased earnings going forward.
KTCC had a really nice pop on their last earnings and has since floundered in the $7.5 - $8.5 area on low volume. It's not terribly liquid, but I think it has a lot of potential.
Disclosure: long.
Of big interest:
“During the fourth quarter of fiscal year 2020, we won new programs involving sanitizer dispensing, automotive controllers, oil and gas drilling, wireless security and personal healthcare protective equipment. A large program that we announced in the third quarter, which when fully ramped is anticipated to contribute $100 million in annual revenue, got underway in the fourth quarter and is expected to contribute to revenue in fiscal 2021."
finance.yahoo.com/news/key-tronic-corporation-announces-results-200000937.html
They also just completed a new credit facility to help manage the growth. So growing company, profitable company, giving guidance of increased earnings going forward.
KTCC had a really nice pop on their last earnings and has since floundered in the $7.5 - $8.5 area on low volume. It's not terribly liquid, but I think it has a lot of potential.
Disclosure: long.
