Key Tronic is a value-added electronic manufacturing service provider to some of the world��s leading OEMs. We specialize in PCBA and full product assembly, plastic molding and engineering services with products ranging from simple consumer devices to complex, high end commercial and industrial electro-mechanical products.
Over 40 years electronic manufacturing experience. Spokane, Washington, U.S.A. based headquarters.
Key Tronic Corporation Announces Fourth Quarter and Year End Results
Year-over-Year Revenue Up 27%;
Continued Growth in Revenue Contribution from New Programs;
More New Customer Wins and Revenue Diversification
Key Tronic Corporation (Nasdaq:KTCC), a provider of electronic manufacturing services (EMS), announced its results for the quarter and year ended July 2, 2011.
For the fourth quarter of fiscal 2011, Key Tronic reported total revenue of $66.0 million, up 7% from $61.9 million in the same period of fiscal 2010. For the full year of fiscal 2011, total revenue was $253.8 million, up 27% from $199.6 million in fiscal 2010.
Net income for the fourth quarter of fiscal 2011 was $1.5 million or $0.15 per diluted share, compared to $2.3 million or $0.22 per diluted share for the same period of fiscal 2010. For the full year of fiscal 2011, net income was $5.7 million or $0.55 per diluted share, compared to $8.7 million or $0.85 per diluted share for fiscal 2010.
��We��re pleased with our strong year-over-year revenue growth for fiscal 2011, driven by the production ramp ups of new programs for both our longstanding and new customers,�� said Craig Gates, President and Chief Executive Officer. ��Due to increasing industry awareness that our customers are benefiting from our unique blend of ! multinat ional facilities and centralized management, we continue to see our market share grow. During the fourth quarter, we continued to extend our customer portfolio across a wide range of industries, winning new programs involving solar power controllers, energy monitors and electronic whiteboards.
��During most of the year, our operating performance was adversely affected as we absorbed the costs associated with bringing many new programs into production while dealing with industry-wide supply chain constraints. By the fourth quarter, the component shortages were behind us and we made good progress in optimizing the product designs, production processes and supply chains of our new programs. As a result, we saw marked improvement in our margins in the fourth quarter and achieved another year of solid profitability.
��We move into fiscal 2012 with strong business momentum and a highly diversified customer base, and anticipate more of our new programs moving into production and gradually ramping up. Despite the current macroeconomic uncertainty, we expect to continue to capture market share and capitalize on emerging opportunities.��
More about KTCC at www.keytronic.com
Telular Corp. (Nasdaq:WRLS) announces the availability of two-way voice over cellular using Telguard’s flagship TG-1 Express product. The TG-1 Express cellular alarm communicator is compatible with virtually all new and existing security alarm panels, making this new feature easily applicable to new and legacy systems
Telular Corporation designs, develops, and distributes products and services that utilize wireless networks to provide data and voice connectivity among people and machines primarily in the United States and internationally.
Baldwin & Lyons Inc. (Nasdaq:BWINB) announces that at its regular quarterly meeting on August 9, 2011, the Board of Directors of Baldwin & Lyons, Inc. declared a regular quarterly dividend of $.25 per share on ! the Comp any’s Class A and Class B Common Stock. The dividend per share will be payable September 6, 2011 to shareholders of record on August 23, 2011.
Baldwin & Lyons, Inc., through its subsidiaries, engages in marketing and underwriting property and casualty insurance products primarily in the United States.
Crown Equity Holdings, Inc. (CRWE)
Crown Equity Holdings, Inc. together with its digital network currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
Crown Equity Holdings Inc’s selection of Core Link reflects recent diversification beyond CRWE’s original charter as a provider of services and knowledge to small business owners taking their own companies public. In addition to these services, Crown Equity Holdings Inc has transitioned into a multifaceted media organization that publishes clients’ news online; sells advertising adjacent with its digital network targeted at a high-income audience; designs, hosts and maintains websites; produces marketing videos from concept to final product; crafts press releases and articles for maximum SEO; develops email campaigns; and forges branding campaigns to bolster client company images.
VOIP stands for voice over internet protocol or in simpler terms means internet phone. Using VOIP services can save you hundreds of dollars every year on local, national and international calling.
VOIP technology has been all over the news recently and is really making communication much simpler and certainly less expensive. VOIP or voice over internet protocol allows users to be able to talk using their voices over the internet. But what does this mean for you and really, what is ! VOIP tec hnology.
If you have ever used a microphone on your computer to speak to someone else, you have already used this new VOIP technology. Even new digital phones use this technology to broadcast crystal clear sound reception to anywhere in the world. This new technology will help keep cell phone bills lower and even gives users the ability to have conversations with people anywhere in the world for free.
Crown Equity Holdings Inc. (CRWE) is pleased to announce that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. Crown Equity Holdings Inc. will own fifty percent (50%) interest in the joint venture.
Commenting on the joint venture, Kenneth Bosket, President of Crown Equity Holdings Inc., said: “We are excited to deliver VoIP communications solutions specifically designed to meet the business and residential market needs in this fast-growing global market.”
For more information, visit http://www.crownequityholdings.com
Kandi Technologies, Corp (Nasdaq:KNDI) reported improved financial results for the second quarter and six months ended June 30, 2011. Revenues increased 2.3%, to $10.1 million, from $9.9 million a year earlier, reflecting continued strong growth in go-kart sales. Sequentially, sales were up 22% compared to the first quarter of 2011. Operating income increased to $0.8 million, up 18.4% from $0.7 million in the second quarter of 2010
Kandi Technologies Corp., through its subsidiaries, engages in the design, development, manufacture, and commercialization of off-road vehicles, motorcycles, mini-cars, and special automobile related products.
No comments:
Post a Comment