secwatch.observer — SEC 8-K summary
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Issuer:     KEY TRONIC CORP (KTCC)
CIK:        0000719733
Form:       8-K
Filed at:   2022-02-01T23:59:59+00:00
Accession:  0000719733-22-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Key Tronic Q2 revenue up 5% to $134.5M; EPS drops to $0.05 from $0.14; Q3 guidance $0.05–$0.10
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- Revenue $134.5M (+5% YoY); gross margin fell to 7.3% from 8.3%; operating margin 1.2% vs 2.1%.
- Net income $0.6M ($0.05/share) vs $1.6M ($0.14/share) a year ago; $0.7M legal costs from SEC whistleblower review.
- Q3 FY2022 guidance: revenue $130M–$140M, EPS $0.05–$0.10, assuming 25% tax rate.
- New program wins include a power equipment customer expected to add ~$80M annual revenue starting FY2023.
- Supply chain disruptions, component shortages, and COVID-19 continue to adversely impact production and margins.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719733/000071973322000005/0000719733-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719733/000071973322000005/ktcc-20220201.htm
  HTML page:      https://secwatch.observer/filing/0000719733-22-000005

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