{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-021103","form_type":"8-K","ticker":"KTCC","cik":"0000719733","company_name":"KEY TRONIC CORP","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.770630+00:00","generated_at":"2026-06-02T21:16:43.722733+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Key Tronic reports Q3 net loss $2.2M, revenue $140.5M (-15% YoY); Q4 guidance $0.03-$0.10 EPS","bullets":["Net loss $2.2M ($0.21/share) vs net income $2.0M ($0.18/share) in Q3 FY23.","Revenue $140.5M, down from $164.6M YoY; weather and demand softening cited.","Severance costs $3.7M from cutting 450+ jobs in Mexico; expects >$10M annual savings.","Gross margin fell to 5.8% from 8.7%; operating margin negative 0.4% vs positive 3.1%.","Credit facility amended to cure covenant breach; interest rate +100bps, maturity Sept 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-021103","json":"https://secwatch.observer/filing/0001628280-24-021103.json","markdown":"https://secwatch.observer/filing/0001628280-24-021103.md","text":"https://secwatch.observer/filing/0001628280-24-021103.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719733/000162828024021103/0001628280-24-021103-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719733/000162828024021103/ktcc-20240507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T21:16:43.722733+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":"22336fb0f71d7a22aaddacf8dd274531de61c2bb","claim":"KEY TRONIC CORP reported third quarter of fiscal year 2024 results: revenue $140.5 million, net income $(2.2) million or $(0.21) per share, EPS $(0.21) per share. Guidance reaffirmed.","evidence_excerpt":"manufacturing services (EMS), today announced its results for the quarter ended March 30, 2024. For the third quarter of fiscal year 2024, Key Tronic reported total revenue of $140.5 million, compared to $164.6 million in the same period of fiscal year 2023. As previously announced, revenue for the third quarter of fiscal year 2024 was constrained by approximately $5","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719733/000162828024021103/0001628280-24-021103-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of fiscal year 2024"},{"label":"Revenue","value":"$140.5 million"},{"label":"Net income","value":"$(2.2) million or $(0.21) per share"},{"label":"EPS","value":"$(0.21) per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"2f6b1eeddd2b768347ebfc86b2c7e834e36f452d","claim":"KEY TRONIC CORP reported first nine months of fiscal year 2024 results: revenue $433.7 million, net income $(0.8) million or $(0.07) per share, EPS $(0.07) per share.","evidence_excerpt":"For the first nine months of fiscal year 2024, total revenue was $433.7 million, compared to $425.5 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/719733/000162828024021103/0001628280-24-021103-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first nine months of fiscal year 2024"},{"label":"Revenue","value":"$433.7 million"},{"label":"Net income","value":"$(0.8) million or $(0.07) per share"},{"label":"EPS","value":"$(0.07) per share"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"7004ccf858228bb2fe5a150b5b0133f50b063e7f","claim":"KEY TRONIC CORP reported fourth quarter of fiscal 2024 results: revenue $135 million to $145 million, EPS $0.03 to $0.10 per diluted share. Guidance initiated.","evidence_excerpt":"For the fourth quarter of fiscal 2024, Key Tronic expects to report revenue in the range of $135 million to $145 million and earnings in the range $0.03 to $0.10 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719733/000162828024021103/0001628280-24-021103-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter of fiscal 2024"},{"label":"Revenue","value":"$135 million to $145 million"},{"label":"EPS","value":"$0.03 to $0.10 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"}