Key Tronic Corporation (KTCC) CEO Craig Gates on Q1 2020 Results - Earnings Call Transcript

Oct. 29, 2019 10:24 PM ETKey Tronic Corporation (KTCC)
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Key Tronic Corporation (NASDAQ:KTCC) Q1 2020 Earnings Conference Call October 29, 2019 5:00 PM ET

Company Participants

Brett Larsen - Executive Vice President, Administration, Chief Financial Officer and Treasurer

Craig Gates - President and Chief Executive Officer

Conference Call Participants

William Dezellem - Tieton Capital Management, LLC

Sheldon Grodsky - Grodsky Associates, Inc.

Michael Hughes - SGF Capital Management, LP

George Melas - MKH Management Company

Operator

Good day, and welcome to the Key Tronic Q1 Fiscal 2020 Conference Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Brett Larsen. Please go ahead, sir.

Brett Larsen

Good afternoon, everyone. I am Brett Larsen, Chief Financial Officer of Key Tronic. I would like to thank everyone for joining us today for our investor conference call. Joining me here in our Spokane Valley headquarters is Craig Gates, our President and Chief Executive Officer.

As always, I would like to remind you that during the course of this call, we might make projections or other forward-looking statements regarding future events or the Company's future financial performance. Please remember that such statements are only predictions. Actual events or results may differ materially. For more information, you may review the risk factors outlined in the documents the Company has filed with the SEC, specifically our latest 10-K, Quarterly 10-Qs and 8-Ks.

Please note that on this call, we will discuss historical financial and other statistical information regarding our business and operations. Some of this information is included in today's press release, and a recorded version of this call will be available on our website.

Today, we released our results for the quarter ended September 28, 2019. For the first quarter of fiscal year 2020, we reported total revenue of $105.3 million, sequentially flat compared to the $106 million for the prior quarter, but down from $127.5

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