{"schema_version":"secwatch.filing_event.v1","accession":"0000719733-24-000007","form_type":"8-K","ticker":"KTCC","cik":"0000719733","company_name":"KEY TRONIC CORP","filed_at":"2024-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.746379+00:00","generated_at":"2026-06-06T08:41:48.518277+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Key Tronic Q2 revenue up 18% to $145.4M; restructures Mexico ops, guides Q3 rev $135-145M","bullets":["Revenue $145.4M (+18% YoY); net income $1.1M ($0.10 EPS) vs $1.0M ($0.09 EPS) YoY.","Gross margin improved to 8.1% from 7.2% YoY; operating margin 2.7% vs 2.9%.","Revenue growth driven by US/Vietnam production and $8.1M sale of discontinued program inventory.","Restructuring in Mexico: workforce reduction, $1.0-$2.5M severance in Q3; payback <6 months.","Q3 FY2024 guidance: revenue $135M-$145M; net income $0.00-$0.15 per diluted share."],"urls":{"canonical":"https://secwatch.observer/filing/0000719733-24-000007","json":"https://secwatch.observer/filing/0000719733-24-000007.json","markdown":"https://secwatch.observer/filing/0000719733-24-000007.md","text":"https://secwatch.observer/filing/0000719733-24-000007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719733/000071973324000007/0000719733-24-000007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719733/000071973324000007/ktcc-20240206.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T08:41:48.518277+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":"7d348369b907128c7e16da750e5344e76142d22a","claim":"KEY TRONIC CORP reported the quarter ended December 30, 2023 results: revenue $145.4 million, net income $1.1 million, EPS $0.10 per share.","evidence_excerpt":"For the second quarter of fiscal year 2024, Key Tronic reported total revenue of $145.4 million, up 18% from $123.7 million in the same period of fiscal year 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719733/000071973324000007/0000719733-24-000007-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 30, 2023"},{"label":"Revenue","value":"$145.4 million"},{"label":"Net income","value":"$1.1 million"},{"label":"EPS","value":"$0.10 per share"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"81e5172fc95d38c0813671477750882c87147cad","claim":"KEY TRONIC CORP reported first six months of fiscal year 2024 results: revenue $293.2 million, net income $1.4 million, EPS $0.13 per share.","evidence_excerpt":"For the first six months of fiscal year 2024, total revenue was $293.2 million, up 12% from $261.0 million in the same period of fiscal year 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719733/000071973324000007/0000719733-24-000007-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first six months of fiscal year 2024"},{"label":"Revenue","value":"$293.2 million"},{"label":"Net income","value":"$1.4 million"},{"label":"EPS","value":"$0.13 per share"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"abf1b448694312bd733de1e1a3e5c376e743c7b8","claim":"KEY TRONIC CORP reported third quarter of fiscal 2024 results: revenue $135 million to $145 million, EPS $0.00 to $0.15 per diluted share. Guidance initiated.","evidence_excerpt":"For the third quarter of fiscal 2024, Key Tronic expects to report revenue in the range of $135 million to $145 million. The Company also expects to incur a severance expense in the range of $1.0 million to $2.5 million from headcount reductions in its Mexico-based operations, resulting in a net income in the range of $0.00 to $0.15 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719733/000071973324000007/0000719733-24-000007-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of fiscal 2024"},{"label":"Revenue","value":"$135 million to $145 million"},{"label":"EPS","value":"$0.00 to $0.15 per diluted share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}