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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.
Track all essential updates through our curated collection of earnings reports, manufacturing innovations, and strategic partnership announcements. The repository includes regulatory filings, product launch details, and operational updates critical for understanding KTCC's position in the contract manufacturing sector.
Discover timely information about PCB assembly advancements, global facility expansions, and supply chain initiatives. Our neutral presentation ensures you receive factual updates without speculative commentary, maintaining compliance required for informed financial decision-making.
Bookmark this page for streamlined access to Key Tronic's evolving corporate narrative. Check regularly for new developments impacting the EMS landscape and KTCC's role in shaping manufacturing efficiencies across consumer electronics and industrial markets.
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.
Key Tronic (KTCC) has announced preliminary results for Q2 FY2025, expecting revenue of approximately $114 million and a net loss of $0.40-$0.48 per share, both below previous guidance. The underperformance is attributed to unexpected component shortages, lower holiday season production, and reduced customer demand, resulting in a $15 million revenue shortfall.
The company anticipates reporting $1.0 million in write-offs related to debt refinancing. However, KTCC expects recovery in Q3 FY2025, projecting revenue between $115-130 million and earnings of $0.00-$0.15 per diluted share. The company is implementing efficiency measures, including headcount reductions, while securing new aerospace and energy resiliency programs.
Key Tronic (Nasdaq: KTCC) has secured new financing arrangements with Bank of Montreal and Callodine Commercial Finance, extending through December 2029. The combined financing provides up to $143 million in availability, subject to borrowing base and other limitations. This new agreement replaces the existing asset-based credit line with Bank of America, which was due to expire in December 2025.
The company expects to write off approximately $0.9 million in unamortized capitalized loan fees. According to CFO Tony Voorhees, the new financing is expected to enhance working capital access, lower interest expenses, and provide greater financial flexibility to support long-term growth plans.
Key Tronic (KTCC) reported Q1 FY2025 results with revenue of $131.6 million, down from $150.1 million in Q1 FY2024. Despite revenue decline due to program delays, the company showed improved profitability with gross margins of 10.1% and operating margins of 3.4%. Net income reached $1.1 million ($0.10 per share), up from $0.3 million. Mexico facilities production increased 10% sequentially, benefiting from headcount reductions and favorable peso exchange rates. The company won new programs in manufacturing equipment, vehicle lighting, and pest control. For Q2 FY2025, Key Tronic expects revenue between $130-140 million with earnings of $0.05-0.15 per share.
Key Tronic (Nasdaq: KTCC) has announced it will release its first quarter fiscal 2025 financial results after market close on November 5, 2024. The company will host a conference call to discuss these 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 under the Investor Relations section or by calling the provided phone numbers with access code 7268667. A replay of the call will be available on the company's website.
Key Tronic (KTCC) reported Q4 fiscal 2024 results, with revenue of $125.7 million, down from $162.6 million in Q4 2023. Full-year 2024 revenue was $559.4 million, compared to $588.1 million in 2023. Despite a cybersecurity incident causing $15 million in unfulfilled orders and $2.3 million in additional expenses, the company improved its gross margin to 9.0% in Q4. Net income for Q4 was $0.0 million or $0.00 per share, compared to $1.1 million or $0.10 per share in Q4 2023. For fiscal 2025's first quarter, Key Tronic expects revenue between $140-150 million and earnings of $0.10-$0.20 per diluted share.
Key Tronic (Nasdaq: KTCC) has announced its plans to report the fourth quarter and year-end financial results for fiscal 2024 after market close on August 13, 2024. The company will host a conference call to discuss these results at 2:00 PM Pacific (5:00 PM Eastern) on the same day. Investors and interested parties can access the conference call through the company's website at www.keytronic.com under 'Investor Relations' or by calling specific phone numbers. A replay of the call will also be available on the company's website.
Key Tronic (Nasdaq: KTCC) announced preliminary results for Q4 FY2024, impacted by a cybersecurity incident on May 6, 2024. The incident caused disruptions at Mexico and U.S. sites, resulting in $2.3 million additional expenses and an estimated $15 million revenue loss. Key Tronic expects to report Q4 revenue of $125 million and a net loss of $0.00 per share, below previous guidance. The company anticipates a rebound in Q1 FY2025, projecting revenue between $140-$150 million and earnings of $0.10-$0.20 per diluted share. Operational efficiencies from headcount reductions and a favorable weakening of the Mexican Peso are expected to contribute to the recovery.
Key Tronic (Nasdaq: KTCC) announced that Craig D. Gates, the retiring President and CEO, will transition to the role of technical advisor effective June 30, 2024. Gates will provide technical advice and support to incoming President and CEO, Brett R. Larsen, and will continue as a member of the Board of Directors. Gates expressed his commitment to Key Tronic's future by maintaining his stock ownership and board membership. He emphasized his confidence in Brett Larsen's leadership and the company's preparedness for the leadership transition.
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