secwatch.observer — SEC 8-K summary
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Issuer:     KEY TRONIC CORP (KTCC)
CIK:        0000719733
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0000719733-21-000112
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Key Tronic Q1 FY2022 revenue up 8% to $132.8M but EPS drops to $0.07 from $0.16
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- Net income $0.8M ($0.07 per share) vs $1.7M ($0.16) YoY; impacted by $0.4M legal expenses from internal investigation.
- Gross margin fell to 7.6% from 8.1%; operating margin to 1.6% from 2.3% due to supply-chain disruptions.
- New program wins for industrial testing, medical diagnostics, and pharmaceutical water treatment.
- Q2 FY2022 guidance: revenue $125-135M, EPS $0.03-0.08; component shortages and logistic delays continue.
- CEO cites favorable trend of contract manufacturing returning to North America.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719733/000071973321000112/0000719733-21-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719733/000071973321000112/ktcc-20211102.htm
  HTML page:      https://secwatch.observer/filing/0000719733-21-000112

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer