{"schema_version":"secwatch.filing_event.v1","accession":"0000719733-23-000039","form_type":"8-K","ticker":"KTCC","cik":"0000719733","company_name":"KEY TRONIC CORP","filed_at":"2023-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.815088+00:00","generated_at":"2026-06-09T15:09:42.797131+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Key Tronic Q1 preliminary revenue $147.7M; EPS $0.02 misses on severance costs","bullets":["Revenue ~$147.7M in line; EPS $0.02 below expectations, including $0.6M severance (≈$0.04-0.05/share).","Workforce cut by 100+ employees in Mexico and US; expected annual savings >$5M.","Power equipment program delayed: production now expected in FY2025 instead of FY2024.","Q2 FY2024 guidance: revenue $135-145M; EPS $0.05-0.10 per diluted share.","Adversely impacted by strong Mexican Peso and high interest expense, though gross margins improving."],"urls":{"canonical":"https://secwatch.observer/filing/0000719733-23-000039","json":"https://secwatch.observer/filing/0000719733-23-000039.json","markdown":"https://secwatch.observer/filing/0000719733-23-000039.md","text":"https://secwatch.observer/filing/0000719733-23-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719733/000071973323000039/0000719733-23-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719733/000071973323000039/ktcc-20231024.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T15:09:42.797131+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"eacc68cbfd176af56b1643ee7c7756898be80d61","claim":"KEY TRONIC CORP reported the three months ended September 30, 2023 results: revenue approximately $147.7 million, EPS approximately $0.02 per share. Guidance initiated.","evidence_excerpt":"today announced its preliminary results for the three months ended September 30, 2023. For the first quarter of fiscal 2024, Keytronic expects to report revenue of approximately $147.7 million, in line with revenue expectations, and earnings of approximately $0.02 per share, which are below expectations. The lower than expected earnings are primarily a result of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719733/000071973323000039/0000719733-23-000039-index.htm","confidence":0.97,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2023"},{"label":"Revenue","value":"approximately $147.7 million"},{"label":"EPS","value":"approximately $0.02 per share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}