---
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"
generated_at: "2026-06-09T05:08:57.289819+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Key Tronic Q1 revenue up 8% to $147.8M; EPS drops to $0.03 on $0.6M severance

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000719733-23-000042
- JSON: https://secwatch.observer/filing/0000719733-23-000042.json
- Plain text: https://secwatch.observer/filing/0000719733-23-000042.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter ended September 30, 2023
  - Revenue: $147.8 million
  - Net income: $0.3 million or $0.03 per share
  - EPS: $0.03 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719733/000071973323000042/0000719733-23-000042-index.htm

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