secwatch.observer — SEC 8-K summary
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Issuer:     KEY TRONIC CORP (KTCC)
CIK:        0000719733
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0000719733-24-000044
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Key Tronic Q4 FY2024 preliminary revenue ~$125M, net loss ~$0.00; cyber incident cost $2.3M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719733/000071973324000044/0000719733-24-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719733/000071973324000044/ktcc-20240802.htm
  HTML page:      https://secwatch.observer/filing/0000719733-24-000044

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