---
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"
generated_at: "2026-06-02T21:16:43.722733+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Key Tronic reports Q3 net loss $2.2M, revenue $140.5M (-15% YoY); Q4 guidance $0.03-$0.10 EPS

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021103
- JSON: https://secwatch.observer/filing/0001628280-24-021103.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021103.txt

## Key facts
- Earnings Releases
  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.
  - Period: third quarter of fiscal year 2024
  - Revenue: $140.5 million
  - Net income: $(2.2) million or $(0.21) per share
  - EPS: $(0.21) per share
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719733/000162828024021103/0001628280-24-021103-index.htm
- Earnings Releases
  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.
  - Period: first nine months of fiscal year 2024
  - Revenue: $433.7 million
  - Net income: $(0.8) million or $(0.07) per share
  - EPS: $(0.07) per share
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719733/000162828024021103/0001628280-24-021103-index.htm
- Earnings Releases
  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.
  - Period: fourth quarter of fiscal 2024
  - Revenue: $135 million to $145 million
  - EPS: $0.03 to $0.10 per diluted share
  - Guidance: initiated
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719733/000162828024021103/0001628280-24-021103-index.htm

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