---
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"
generated_at: "2026-06-09T15:09:42.797131+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Key Tronic Q1 preliminary revenue $147.7M; EPS $0.02 misses on severance costs

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000719733-23-000039
- JSON: https://secwatch.observer/filing/0000719733-23-000039.json
- Plain text: https://secwatch.observer/filing/0000719733-23-000039.txt

## Key facts
- Earnings Releases
  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.
  - Period: the three months ended September 30, 2023
  - Revenue: approximately $147.7 million
  - EPS: approximately $0.02 per share
  - Guidance: initiated
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719733/000071973323000039/0000719733-23-000039-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.