Key tronic corporation announces preliminary results for q3 2020
Oration announces preliminary results for the third quarter of fiscal 2020.sees q3 2020 earnings per share about $0.07 to $0.09.sees q3 2020 revenue about $111 million.sees q4 2020 revenue $120 million to $130 million.key tronic - lower than anticipated revenue, earnings for q3 2020 are a result of disruptions to supply chains in china caused by covid-19 crisis.key tronic - earnings in q3 2020 were impacted by write down of $0.6 million of receivables from already struggling customer impacted by covid-19 pandemic.key tronic - co's facilities in mexico, us & vietnam continue to operate without significant virus caused disruptions, except delays caused by shortage of critical components from china.moving into q4 2020, co's china facilities appear to be returning to full operation & supply chain disruptions have been abating.key tronic - q4 2020 estimates assume china continues to recover from covid-19 crisis, including production, supply of key components for co's business.key tronic - q4 2020 estimates assume co's production facilities in mexico, us, vietnam continue to operate without significant disruptions.
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