---
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"
generated_at: "2026-06-06T08:41:48.518277+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Key Tronic Q2 revenue up 18% to $145.4M; restructures Mexico ops, guides Q3 rev $135-145M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000719733-24-000007
- JSON: https://secwatch.observer/filing/0000719733-24-000007.json
- Plain text: https://secwatch.observer/filing/0000719733-24-000007.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter ended December 30, 2023
  - Revenue: $145.4 million
  - Net income: $1.1 million
  - EPS: $0.10 per share
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719733/000071973324000007/0000719733-24-000007-index.htm
- Earnings Releases
  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.
  - Period: first six months of fiscal year 2024
  - Revenue: $293.2 million
  - Net income: $1.4 million
  - EPS: $0.13 per share
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719733/000071973324000007/0000719733-24-000007-index.htm
- Earnings Releases
  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.
  - Period: third quarter of fiscal 2024
  - Revenue: $135 million to $145 million
  - EPS: $0.00 to $0.15 per diluted share
  - Guidance: initiated
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719733/000071973324000007/0000719733-24-000007-index.htm

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