Highest-materiality recent filing
Key Tronic Q3 FY2026 revenue $89.6M, down 20% YoY; margins improve
Revenue $89.6M vs $112.0M in Q3 FY2025, down 20% due to lower legacy demand and end-of-life program transition.
Key Tronic reports Q2 FY2026 revenue $96.3M, down 15% YoY; China wind-down and Mexico cuts
Revenue $96.3M vs $113.9M YoY, down ~15%; impacted by reduced demand from a longtime customer and program delays.
Key Tronic to cease China manufacturing; $4.8-5.8M non-cash charges; Mexico severance $2.5-3.5M
Ends China manufacturing operations; refocuses on sourcing/procurement; manufacturing moved to Vietnam and other facilities.
Key Tronic Q1 FY2026 revenue drops 25% YoY to $98.8M; net loss $0.21/share
Revenue $98.8M vs $131.6M YoY; net loss $(2.3)M versus net income $1.1M last year.
Key Tronic annual meeting elects all 7 directors, approves say-on-pay, ratifies auditor
All 7 director nominees elected with votes ranging from 4.04M to 5.30M for; Broker non-votes 2.10M.
Key Tronic Q4 revenue $110.5M (down 13% YoY); full year net loss $8.3M vs $2.8M loss
Q4 revenue $110.5M (down 13% YoY); FY2025 revenue $467.9M (down 17% from $566.9M).
Key Tronic sets FY2026 ICP goals: CEO 10-150% payout; grants 89,927 RSUs
FY2026 ICP requires minimum profit goal; three performance levels (entry, expected, overachievement); CEO payout 10%-150% of base salary.
Key Tronic auditor changes from Moss Adams to Baker Tilly after firms merge
Moss Adams merged with Baker Tilly US, LLP effective June 3, 2025; Baker Tilly appointed as new independent auditor.
Key Tronic Q3 FY2025 revenue $112M, down 21% YoY; net loss narrows to $0.6M
Revenue $112.0M vs $142.4M a year ago, down 21% due to tariff disruptions and customer delays.
Key Tronic Q2 FY2025 revenue $113.9M (-23% YoY); net loss $4.9M vs income $1.1M
Revenue $113.9M, down 23% from $147.8M in Q2 FY2024; first-half revenue $245.4M vs $298.0M.
Key Tronic preliminary Q2 revenue ~$114M, net loss $0.40-$0.48 per share, below guidance
Revenue ~$114M, net loss $0.40-$0.48 per share, both below prior guidance.
Key Tronic enters $115M revolver and $28M term loan, refinances prior Bank of America facility
$115M asset-based revolver with BMO, matures Dec 3, 2029; $75M outstanding at close.
All seven director nominees elected with between 5.53M and 5.87M votes for; no significant opposition.
Shareholders approve Key Tronic 2024 Incentive Plan at annual meeting
Shareholders approved the 2024 Incentive Plan on Nov 25, 2024 at the annual meeting.
Key Tronic Q1 FY2025 net income rises to $0.10/share; gross margin improves to 10.1%
Revenue $131.6M vs $150.1M YoY; impacted by ~$9M in customer-driven program delays.
Key Tronic restates Q4 FY2024: net income of $37K becomes net loss of $1.99M
Net sales revised up to $126.6M but cost of sales increased $3.0M, reducing gross profit by $2.2M.
Key Tronic obtains waiver of loan defaults; interest rate up 50bps, availability block raised
Sixth amendment waives defaults for fixed-charge coverage ratio misses in June and July 2024 and late audited financials.
Key Tronic restates FY2022-2023 and quarterly financials; revenue/COGS misclassification found
Audit Committee concludes FY2022, FY2023, and certain quarterly reports for 2022-2024 are no longer reliable due to misallocation of cost recovery.
Extends loan maturity to Dec 3, 2025 via Fifth Amendment with Bank of America
Maturity of Loan Agreement extended from Sept 3, 2025 to Dec 3, 2025.
Key Tronic sets FY2025 ICP targets, LTIP measures, and grants RSUs to executives
ICP for FY2025: CEO Larsen potential payout 10%-150% of base; CFO Voorhees and EVP Hochberg 7%-105%.
Key Tronic assigns directors Beranek and Kulkarni to board committees effective Aug 8, 2024
Cheryl Beranek appointed to Audit, Compensation and Administration, and Governance and Nominating Committees.
Key Tronic Q4 revenue $125.7M (down 23% YoY); EPS $0.00 vs $0.10
Revenue $125.7M, down from $162.6M in Q4 FY2023.
Key Tronic discloses cyber incident cost $2.3M, lost $15M Q4 revenue
Unauthorized third-party access detected May 6, 2024; domestic/Mexico operations halted ~2 weeks.
Key Tronic Q4 FY2024 preliminary revenue ~$125M, net loss ~$0.00; cyber incident cost $2.3M
Cybersecurity incident on May 6 caused $2.3M extra expenses and ~$15M lost revenue, most recoverable in FY2025.
Key Tronic enters consulting agreement with retiring CEO Craig Gates through June 2026
Consulting Agreement with Craig Gates starts June 30, 2024, ends June 30, 2026; pays $10,000 per month.
Key Tronic sets CEO salary $800K, CFO salary $385K in leadership transition
Brett Larsen named CEO effective June 30, 2024 with annual base salary of $800,000.
Key Tronic reports cyber incident: PII exfiltrated, ops halted 2 weeks, material Q4 impact
Detected unauthorized access on May 6, 2024; threat actor exfiltrated limited data including personally identifiable information.
Key Tronic amends credit agreement; loosens covenant but raises cost, shortens maturity
Fixed charge coverage ratio floor reduced to 1.00:1.00 (from 1.25:1) as of March 30, 2024, stepping back to 1.25:1 by March 29, 2025.
Key Tronic detects unauthorized IT access; disruptions to financial and operating systems
Detected unauthorized third-party access to IT systems on May 6, 2024.
Key Tronic reports Q3 net loss $2.2M, revenue $140.5M (-15% YoY); Q4 guidance $0.03-$0.10 EPS
Net loss $2.2M ($0.21/share) vs net income $2.0M ($0.18/share) in Q3 FY23.
Key Tronic preliminary Q3 loss per share ($0.18-0.23) on $140M revenue; Q4 guidance $0.00-0.10 EPS
Preliminary Q3 revenue ~$140M (in line); net loss per share ($0.18)-($0.23) below expectations.
Key Tronic Q2 revenue up 18% to $145.4M; restructures Mexico ops, guides Q3 rev $135-145M
Revenue $145.4M (+18% YoY); net income $1.1M ($0.10 EPS) vs $1.0M ($0.09 EPS) YoY.
the retirement of Craig D. Gates, President and Chief Executive Officer, effective June 30, 2024.
Max materiality 0.85 · Median 0.70 · Most common event earnings