secwatch.observer — SEC 8-K summary
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Issuer:     KEY TRONIC CORP (KTCC)
CIK:        0000719733
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0000719733-24-000125
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Key Tronic Q1 FY2025 net income rises to $0.10/share; gross margin improves to 10.1%
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- Revenue $131.6M vs $150.1M YoY; impacted by ~$9M in customer-driven program delays.
- Gross margin 10.1% (up from 7.2%); operating margin 3.4% (up from 2.2%).
- Net income $1.1M ($0.10 EPS) vs $0.3M ($0.03); adjusted EPS $0.11 vs $0.00.
- Mexico facility production up ~10% sequentially; headcount reductions and supply chain improvements noted.
- Two of three delayed programs resumed shipments in Q2; third remains in qualification.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719733/000071973324000125/0000719733-24-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719733/000071973324000125/ktcc-20241105.htm
  HTML page:      https://secwatch.observer/filing/0000719733-24-000125

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer