Arkansas Expansion Expected Completion by June 2025; Vietnam by September 2025SPOKANE VALLEY, Wash., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq KTCC), a world class provider of manufacturing and design engineering services, today announced that it plans to significantly increase production capacity in Arkansas and Vietnam in order to continue to benefit from the growing customer demand for rebalancing their contract manufacturing. This expansion is also expected to help mitigate the ad ...

New Program Wins; Cost Reduction Initiatives; Expansion Plans in US and VietnamSPOKANE VALLEY, Wash., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended December 28, 2024. These results are in line with the updated guidance provided on January 24, 2025. For the second quarter of fiscal year 2025, Key Tronic reported total revenue of $113.9 million, compared to $147.8 million in the ...

FORM 8-K CURRENT REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported) January 24, 2025 Key Tronic Corporation (Exact name of registrant as specified in its charter) Washington 0-11559 91-0849125 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 4424 North Sullivan Road Spokane Valley, Washington 99216 (Address ...

Program expected to have a materially significant impact on revenue and profitSPOKANE VALLEY, Wash., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq KTCC), a world class provider of manufacturing and design engineering services, today announced that it expects to begin manufacturing in the second half of 2025 for a market revolutionizing, innovative energy resilience technology provider. Key Tronic has been awarded the manufacturing of an industry leading, innovative energy resiliency prod ...

SPOKANE VALLEY, Wash., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), announced today that it plans to report its results for the second quarter of fiscal 2025 after market close on February 4, 2025. Key Tronic will host a conference call to discuss its financial results at 2:00 PM Pacific (5:00 PM Eastern) on February 4, 2025. A broadcast of the conference call will be available at www.keytronic.com under “Investor Relations” or by calling 888-394-8218 or +1-313-209-4906 (Access C ...

Financial Performance - Key Tronic anticipates Q2 FY2025 revenue of approximately $114 million, below previous guidance, primarily due to unexpected component shortages, lower holiday production, and reduced customer demand, resulting in a $15 million revenue shortfall [2] - The company expects a net loss of $0.40-$0.48 per share for Q2 FY2025, also below previous guidance [2] - For Q3 FY2025, Key Tronic forecasts revenue between $115 million and $130 million, with earnings per diluted share ranging from $0.00 to $0.15 [4] Operational Challenges and Adjustments - The company is streamlining international and domestic operations, including further headcount reductions to enhance efficiency, building on similar actions from Q3 FY2024 [3] - Key Tronic has reduced inventories to align with current revenue levels [3] - The company expects to report approximately $1.0 million in write-offs of unamortized loan fees related to debt refinancing [2] Strategic Initiatives and Growth Opportunities - Key Tronic expects revenue and earnings recovery in Q3 FY2025 as strategic initiatives from previous quarters come to fruition [3] - The company continues to win new programs in aerospace systems and energy resiliency technology products [3] Company Overview - Key Tronic is a leading contract manufacturer offering value-added design and manufacturing services from facilities in the United States, Mexico, China, and Vietnam [6] - The company provides full engineering services, materials management, worldwide manufacturing facilities, assembly services, in-house testing, and worldwide distribution [6] - Key Tronic's customers include some of the world's leading original equipment manufacturers [6]

SPOKANE VALLEY, Wash., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced that it entered into a new financing arrangement with the Bank of Montreal and Callodine Commercial Finance which extends and increases its access to working capital through December 2029. The combined financing agreement provides up to $143 million in availability, subject to the Company’s borrowing base and other limitations. The new credit ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________ FORM 10-Q ____________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 28, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE PERIOD FROM TO . | --- | --- | |---------------------------------- ...

Key Tronic Corporation (KTCC) reported results for the first quarter of fiscal 2025, showcasing strong performance in several key areas. Despite a decline in total revenues, the company achieved notable improvements in profitability, driven by operational efficiencies and cost reductions. Key Tronic’s efforts to streamline operations and enhance production processes appear to be paying off, as evidenced by significant year-over-year gains in key financial metrics.The company is poised to benefit from the re ...

Key Tronic Corporation (NASDAQ:KTCC) Q1 2025 Earnings Conference Call November 5, 2024 5:00 PM ET Company Participants Tony Voorhees - CFO Brett Larsen - President & CEO Conference Call Participants Bill Dezellem - Titan Capital George Melas - MKH Management Operator Good day, and welcome to the Key Tronic FY '25 Q1 Investor Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Tony Voorhees, Chief Financial Officer. Please go ahead. Tony Voorhees Good afternoon, ...