Every 10-Q that KEY Tronic Corp (KTCC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow KTCC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KTCC filings page.
Key Tronic Corporation reported weaker results for the third quarter of fiscal 2026 as revenue and earnings declined amid customer softness and restructuring. Net sales were $89.6 million, down from $112.0 million a year earlier, mainly due to lower demand from longstanding customers and an end-of-life program.
The company posted a net loss of $2.6 million, or $(0.24) per share, versus a loss of $0.6 million, or $(0.06) per share, in the prior-year quarter. Gross margin improved slightly to 8.0% from 7.7%, reflecting cost-cutting, while operating margin remained negative at (0.3)%. Year-to-date net sales fell to $284.6 million from $357.4 million, with a larger year-to-date net loss of $13.5 million.
Key Tronic is winding down manufacturing in China and reducing headcount in Mexico, which pressured results through inventory write-downs and severance but is expected to deliver about $1.2 million in quarterly savings once complete. Despite losses, the company generated $10.0 million of operating cash flow in the first nine months, ended the quarter with $0.4 million in cash, $66.3 million drawn on its $115 million asset-based revolver, and $20.2 million of remaining availability. Backlog was approximately $159.5 million, up from $138.1 million, supported by new program wins and near-shoring demand.
Key Tronic reported a weak second quarter of fiscal 2026, with lower sales and a wider loss. Net sales were $96.3 million, down 15.4% from a year earlier, and six‑month sales fell to $195.1 million, a 20.5% decline. The company posted a Q2 net loss of $8.6 million, or $(0.79) per share, and a year‑to‑date loss of $10.8 million, or $(1.00) per share.
Margins compressed sharply as gross margin dropped to 0.6% in Q2 and 4.5% year‑to‑date, largely due to one‑time costs from winding down manufacturing in China and restructuring operations in Juarez, Mexico. These moves generated about $1.1 million of severance in China, $5.0 million of related non‑cash charges, and $3.3 million of severance in Mexico, but are expected to produce roughly $2.7 million in combined quarterly savings once fully implemented. Despite the loss, Key Tronic generated $14.0 million in operating cash flow in the first half, ended the quarter with $105.4 million of working capital, $0.8 million in cash, and had $63.0 million drawn with $20.9 million still available under its $115 million asset‑based revolver.
Key Tronic Corporation (KTCC) filed its quarterly report, reporting a year-over-year revenue decline and a swing to loss. Net sales were $98.8 million, down 24.9% from $131.6 million a year ago, reflecting lower demand from longstanding customers and delays in new program launches. Gross margin was 8.4%, improving sequentially from the prior quarter’s 6.2% but below 10.1% last year, with about $1.6 million of inventory and receivable write-offs tied to a customer bankruptcy.
The company posted an operating loss of $0.6 million and a net loss of $2.3 million (−$0.21 per share), versus net income of $1.1 million a year earlier. Operating cash flow was $7.6 million. Liquidity included $20.9 million available on the $115 million asset-based revolver, $1.1 million cash, and MXN39 million (about $2.1 million) available on a Mexican line of credit. Total debt was $103.1 million, with $64.5 million drawn on the revolver.
Backlog was $139.9 million, down from $210.8 million a year ago. A consigned-materials program began ramping, which the company expects to carry lower revenue than turnkey programs but higher gross margin.