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 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 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.
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.
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 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 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.
Key Tronic CEO Craig Gates to retire June 30, 2024; Brett Larsen named successor
CEO Craig D. Gates retires June 30, 2024 after 15 years; will remain on the Board.
Key Tronic Q1 revenue up 8% to $147.8M; EPS drops to $0.03 on $0.6M severance
Revenue $147.8M vs $137.3M YoY (+8%); net income $0.3M ($0.03/sh) vs $1.2M ($0.11/sh).
Key Tronic Q1 preliminary revenue $147.7M; EPS $0.02 misses on severance costs
Revenue ~$147.7M in line; EPS $0.02 below expectations, including $0.6M severance (≈$0.04-0.05/share).
Key Tronic posts record annual revenue of $588.1M, up 11%; EPS up 53%
Record annual revenue $588.1M, up 11% from $531.8M; net income $5.2M ($0.47 EPS) up 53%.
Key Tronic Q1 FY2023 revenue up 3% YoY to $137.3M, EPS $0.11; guides Q2 revenue $140-150M
Revenue $137.3M (+3% YoY); net income $1.2M ($0.11 EPS) vs $0.8M ($0.07) YoY.
Key Tronic Q4 revenue $126.2M, EPS $0.09; guides Q1 revenue $125-135M, EPS $0.05-0.10
Q4 revenue $126.2M (down ~5% YoY); full-year revenue $531.8M (up 3% YoY).
Key Tronic Q3 revenue up 3% to $138.4M; EPS $0.09; Q4 guidance $125-135M
Revenue $138.4M (+3% YoY); net income $1.0M ($0.09 EPS) vs $0.9M ($0.08) prior year.
Key Tronic Q2 revenue up 5% to $134.5M; EPS drops to $0.05 from $0.14; Q3 guidance $0.05–$0.10
Revenue $134.5M (+5% YoY); gross margin fell to 7.3% from 8.3%; operating margin 1.2% vs 2.1%.
Manufacturing for one of world's leading power equipment companies expected to begin in 2022.
Key Tronic Q1 FY2022 revenue up 8% to $132.8M but EPS drops to $0.07 from $0.16
Net income $0.8M ($0.07 per share) vs $1.7M ($0.16) YoY; impacted by $0.4M legal expenses from internal investigation.
the retirement of Craig D. Gates, President and Chief Executive Officer, effective June 30, 2024.
the Board appointed Brett R. Larsen, the Company’s Executive Vice President of Administration, Chief Financial Officer and Treasurer, to succeed Mr. Gates as the Company’s President and Chief Executive Officer effective upon Mr. Gates’ retirement on June 30, 2024.
The Board also appointed Mr. Larsen as Chief Operating Officer, effective immediately
Craig D. Gates, the President and Chief Executive Officer and member of the Board of Directors (the “Board”) of Key Tronic Corporation (the “Company”), notified the Board of his decision to retire as President and Chief Executive Officer effective June 30, 2024.
the Board appointed Anthony G. Voorhees, the Company’s Vice President of Finance and Controller, to succeed Mr. Larsen as the Company’s Executive Vice President of Administration, Chief Financial Officer and Treasurer effective on June 30, 2024.
Upon Mr. Sweeney’s retirement, Ronald F. Klawitter shall act as Chair of the Board.
the Board appointed Cheryl Beranek as a director of the
Patrick Sweeney, Chair of the Board, notified the Board of his decision to retire and resign as a director of the Board and as a member of the Audit Committee, Compensation and Administration Committee and Governance and Nominating Committee, effective January 4, 2024.
Max materiality 0.85 · Median 0.65 · Most common event earnings