{"schema_version":"secwatch.filing_event.v1","accession":"0000719733-23-000042","form_type":"8-K","ticker":"KTCC","cik":"0000719733","company_name":"KEY TRONIC CORP","filed_at":"2023-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.815296+00:00","generated_at":"2026-06-09T05:08:57.289819+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Key Tronic Q1 revenue up 8% to $147.8M; EPS drops to $0.03 on $0.6M severance","bullets":["Revenue $147.8M vs $137.3M YoY (+8%); net income $0.3M ($0.03/sh) vs $1.2M ($0.11/sh).","Gross margin 7.4% vs 7.6%; operating margin 2.2% vs 2.4%; severance costs of $0.6M reduced earnings by ~$0.04-0.05/sh.","Workforce reduced by over 100 employees in Mexico and US; expects annual OpEx savings >$5M.","Large power equipment program delayed to fiscal 2025; new wins in security, sporting goods, environmental, industrial controls.","Q2 FY2024 guidance: revenue $135-145M, EPS $0.05-0.10, effective tax rate 20%."],"urls":{"canonical":"https://secwatch.observer/filing/0000719733-23-000042","json":"https://secwatch.observer/filing/0000719733-23-000042.json","markdown":"https://secwatch.observer/filing/0000719733-23-000042.md","text":"https://secwatch.observer/filing/0000719733-23-000042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719733/000071973323000042/0000719733-23-000042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719733/000071973323000042/ktcc-20231031.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T05:08:57.289819+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":"37e76c68796b21a6fbdfebbc437f149809ec1523","claim":"KEY TRONIC CORP reported the quarter ended September 30, 2023 results: revenue $147.8 million, net income $0.3 million or $0.03 per share, EPS $0.03 per share. Guidance reaffirmed.","evidence_excerpt":"30, 2023. These results are in line with the preliminary results announced on October 24, 2023. For the first quarter of fiscal year 2024, Keytronic reported total revenue of $147.8 million, up 8% from $137.3 million in the same period of fiscal year 2023. The Company’s gross margin for the first quarter of 2024 was 7.4% and operating margin was 2.2%, compared to a","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719733/000071973323000042/0000719733-23-000042-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2023"},{"label":"Revenue","value":"$147.8 million"},{"label":"Net income","value":"$0.3 million or $0.03 per share"},{"label":"EPS","value":"$0.03 per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}