Key Tronic Corp. reported consolidated unaudited earnings results for the second quarter and six months ended December 29, 2012. For the second quarter, the company reported total revenue of $94.6 million, up 12% from $84.5 million in the same period of fiscal year 2012. Net income was $3.6 million or $0.33 per diluted share, up 13% from $3.2 million or $0.30 per diluted share for the same period of fiscal year 2012. Operating income was $5.332 million against $2.795 million a year ago. Income before income taxes was $5.240 million against $2.671 million a year ago. Capital expenditures for the second quarter of fiscal 2013 were approximately $1.5 million.

For the six months, the company's total revenue was $192.1 million, up 25% from $154.2 million in the same period of fiscal 2012. Net income was $7.3 million or $0.67 per diluted share, up 66% from $4.4 million or $0.42 per diluted share for the same period of fiscal 2012. Operating income was $11.028 million against $4.410 million a year ago. Income before income taxes was $10.820 million against $4.183 million a year ago.

For the third quarter of fiscal year 2013, the company expects to report revenue in the range of $83 million to $90 million, and earnings in the range of $0.24 to $0.30 per diluted share. The expected earnings range assumes an effective tax rate of 25%, reflecting the US government's recent renewal of research and development tax credits. The company expects its gross margin to be around 9%.

The company still expects its CapEx to be about $5 million for the entire fiscal year of 2013.