earnings
confidence high
sentiment negative
materiality 0.85
Key Tronic Q4 FY2024 preliminary revenue ~$125M, net loss ~$0.00; cyber incident cost $2.3M
KEY TRONIC CORP
2024-FY EPS reported
-$0.26
revenue$566,942,000
- Cybersecurity incident on May 6 caused $2.3M extra expenses and ~$15M lost revenue, most recoverable in FY2025.
- Preliminary Q4 revenue ~$125M and net loss ~$0.00 per share, below previous guidance.
- Q1 FY2025 guidance: revenue $140–150M, diluted EPS $0.10–$0.20, citing production resumption and cost efficiencies.
- Insurance gain of $0.7M partially offset incident costs; favorable 10% peso weakening in June also noted.
- Headcount reductions from Q3 FY2024 and new program wins expected to boost operational results.