Key Technology (KTEC) Tops Q4 EPS by 14c
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Key Technology Announces Fiscal 2017 Financial Results
November 16, 2017 4:10 PM ESTWALLA WALLA, Wash., Nov. 16, 2017 (GLOBE NEWSWIRE) -- Key Technology, Inc. (NASDAQ: KTEC) announced today sales and operating results for fiscal 2017 and the fourth quarter ended September 30, 2017.
Fiscal 2017 OverviewNet sales for fiscal 2017 were $139.9 million, an increase of $19.9 million, or 17%, compared to the $120.0 million reported for fiscal 2016. The Company reported net earnings for fiscal 2017 of $4.0 million, or $0.63 per diluted share, compared to a net loss of $0.7 million, or $0.11 per diluted share, for fiscal 2016.
For the 2017 fiscal year, gross profit was $47.2 million, compared to $36.0 million for fiscal 2016, or 33.7% and 30.0%, respectively, of net sales.
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