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Key Tronic Corporation (KTCC) delivers electronic manufacturing services (EMS) and precision engineering solutions to global OEMs. This news hub provides investors and industry professionals with direct access to the company's official communications and market developments.
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Key Tronic Corporation (NASDAQ:KTCC) celebrated the grand opening of its new flagship manufacturing facility in Springdale, Arkansas. The company is investing over $28 million in the state-of-the-art facility, which will serve as its US Center of Excellence for manufacturing and R&D operations.
The 300,000-square-foot facility is expected to increase Key Tronic's total U.S. production capacity by 40% and create more than 400 new jobs over the next five years. Located at 601 W. Apple Blossom Avenue, the strategic expansion builds upon Key Tronic's 55-year manufacturing history and previous presence in Arkansas dating back to the 1980s.
Key Tronic Corporation (Nasdaq: KTCC) reported challenging financial results for Q4 and fiscal year 2025. Revenue declined to $110.5 million in Q4 (vs $126.6M in Q4 2024) and $467.9 million for FY2025 (vs $566.9M in FY2024). The company posted a net loss of $(3.9) million in Q4 and $(8.3) million for the full year.
To address challenges, Key Tronic implemented significant restructuring, including cutting 800 jobs during FY2025. The company is expanding its manufacturing footprint with new facilities in the US and Vietnam, aiming to have 50% of manufacturing in these locations by FY2026 end. Despite current headwinds, management secured new programs including a significant consigned manufacturing contract potentially exceeding $20 million in annual revenue.
Key Tronic (Nasdaq: KTCC) has announced key upcoming dates for investors. The company will release its fourth quarter and fiscal year 2025 financial results on August 27, 2025, after market close, followed by a conference call at 2:00 PM Pacific. Additionally, the company has scheduled its 2025 Annual Meeting of Stockholders for October 23, 2025.
Key Tronic (Nasdaq: KTCC) has announced its upcoming third quarter fiscal 2025 financial results release, scheduled for May 6, 2025 after market close. The company will host a conference call to discuss the results at 2:00 PM Pacific (5:00 PM Eastern) on the same day.
Investors can access the conference call through the company's website at www.keytronic.com under 'Investor Relations' or by calling 888-394-8218 or +1-313-209-4906 (Access Code: 2003797). A replay of the call will be available on the company's website.
Key Tronic (KTCC) announced the expansion of its clean-tech manufacturing operations in Arkansas, with plans to establish a flagship manufacturing and R&D facility in Springdale. The company will invest over $28 million in the new facility and expects to create more than 400 new jobs over the next five years.
The company will relocate its existing Arkansas operations to a new 300,000-square-foot facility at 601 W Apple Blossom Avenue in Springdale later in 2025. This move is expected to increase KTCC's total U.S. production capacity by approximately 40 percent. The facility, developed by Crossland Realty Group in late 2023, will have tenant improvements completed by Crossland Construction in Q3 2025.
Key Tronic (KTCC) has announced plans to significantly expand its production capacity in Arkansas and Vietnam to meet growing customer demand and mitigate risks from recent tariffs on Chinese and Mexican goods. The company will:
- Increase its Arkansas manufacturing footprint through a new lease, with completion expected by June 2025
- Double manufacturing capacity in its existing Vietnam facility by September 2025 through capital equipment investment
The expansion strategy aims to capitalize on the trend of nearshoring production away from China while offering customers both US-based flexibility and engineering support, alongside Vietnam's high-quality, low-cost manufacturing capabilities.
Key Tronic (KTCC) reported Q2 FY2025 results with total revenue of $113.9 million, down from $147.8 million in Q2 FY2024. The company faced challenges including component shortages, lower holiday production, and reduced customer demand, resulting in a $15 million revenue shortfall from initial guidance.
Gross margins declined to 6.8% from 8.0%, and operating margins fell to -1.0% from 2.7% year-over-year. The company reported a net loss of $(4.9) million or $(0.46) per share, compared to net income of $1.1 million or $0.10 per share in Q2 FY2024.
Key Tronic announced plans to expand production capacity in Arkansas and Vietnam to address tariff concerns on Chinese and Mexican manufacturing. The company secured new programs, including an energy resiliency technology program potentially worth $60 million annually. Due to economic and political uncertainties, no guidance was provided for Q3 FY2025.
Key Tronic (Nasdaq: KTCC) has secured a significant manufacturing contract with an energy resilience technology provider. The company will begin manufacturing an innovative energy resiliency product in the second half of 2025, with production taking place at facilities in Juarez, Mexico and Arkansas. The program is expected to generate annual revenue exceeding $60 million once fully ramped.
The partnership aims to accelerate new product introduction and enhance product availability to meet anticipated high demand. Key Tronic's President and CEO Brett Larsen highlighted that this strategic relationship represents an expansion of their customer base and is expected to contribute to profitable long-term growth. The product is designed to improve asset management and public safety through increased operational vigilance.
Key Tronic (Nasdaq: KTCC) has announced its schedule for reporting second quarter fiscal 2025 financial results. The company will release its earnings report after market close on February 4, 2025. Following the release, Key Tronic will host a conference call at 2:00 PM Pacific (5:00 PM Eastern) to discuss the financial results.
Investors can access the conference call through the company's website at www.keytronic.com under the Investor Relations section or by calling 888-394-8218 or +1-313-209-4906 (Access Code: 2254355). A replay of the call will be available on the company's website.
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