Key Tronic Corporation
3.5900+0.15 (+4.36%)
Oct 29, 4:00:02 PM EDT · NasdaqGM · KTCC · USD
Key Stats
Market Cap
38.68MP/E (TTM)
-Basic EPS (TTM)
-0.77Dividend Yield
0%Recent Filings
8-K
10-K
FY2025 results
Key Tronic's FY2025 revenue fell 17.5% y/y to $467.9M, pressured by tariff disruptions delaying new programs and $48M less from end-of-life scrap sales, yet Q4 saw wins in pest control, medical tech, and a major data OEM deal poised to ramp beyond $20M annually in FY2026. Gross margins expanded to 7.8% from 7.0%, fueled by headcount cuts totaling 600 for the year that boosted efficiencies despite severance hits, while operating income slipped to 0.1% of sales amid $1.8M in customer collection adjustments. Net loss widened to $(8.3)M or $(0.77)/diluted share from $(2.8)M or $(0.26), with EPS aligning to 10,762K diluted shares and no anti-dilution noted. Cash from operations rose to $18.9M on tighter receivables and inventory, supporting $25M revolver availability and $107.6M debt at year-end; capex held at $4.2M for new capacity in Arkansas and Vietnam. Q4 momentum built on diversification, with industrial now 52% of sales up from 46%. But customer concentration risks persist, as losing top clients could stall quarterly ramps.
8-K
Q4 revenue drops on tariffs
Key Tronic Corporation reported fiscal Q4 2025 revenue of $110.5 million, down from $126.6 million a year ago, amid reduced demand from key customers and tariff-induced delays in program launches. The company slashed 800 jobs over the year to align costs, boosting gross margin to 7.8% annually despite a $8.3 million net loss. New wins in pest control and data processing signal ramps ahead. Tariff uncertainty halts Q1 2026 guidance.
8-K
Exec comp goals set
Key Tronic Corporation's board set fiscal 2026 incentive compensation goals tied to profit levels, with CEO Brett Larsen eligible for up to 150% of base salary and executives Anthony Voorhees and Philip Hochberg up to 105%, requiring minimum profits for any payouts. They granted RSUs vesting over three years—89,927 to Larsen (40% time-based, 60% EBITDA-linked) and 44,964 each to Voorhees and Hochberg (50-50 split)—plus 14,388 to each non-employee director. For 2026-2028, long-term awards target $400,000 for Larsen and $190,000 each for Voorhees and Hochberg if sales growth and ROIC goals hit, scaling to 150% max. This ties pay to performance, yet hinges on meeting thresholds.
8-K
Auditor merger prompts switch
Key Tronic Corporation's auditor Moss Adams resigned on June 3, 2025, following its merger with Baker Tilly US, LLP, which the Audit Committee promptly approved as the new independent accounting firm. No disagreements or reportable events marred the prior audits for fiscal years through June 29, 2024, ensuring a seamless transition. Clean handover. This maintains reporting continuity without financial disruptions.
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