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Key Tronic Corp. (KTCC)
NASDAQ:KTCC
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: -12.22%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The call reflects a challenging quarter with significant revenue and margin declines due to unexpected component shortages and reduced demand. However, the company is optimistic about future recovery through strategic expansions, new business wins, and improved financial flexibility. Despite these positive developments, current uncertainties regarding tariffs present notable risks.Company Guidance
During Key Tronic's Q2 FY2025 investor call, the company reported a decrease in total revenue to $113.9 million, down from $147.8 million in the same period of FY2024, primarily due to component shortages and lower-than-expected production. The company's gross margin fell to 6.8%, and operating margins were negative 1%, compared to 8% and 2.7% in FY2024. Despite a net loss of $4.9 million or $0.46 per share for the quarter, Key Tronic anticipates recovery in the third quarter as production issues are resolved and strategic initiatives take effect. Inventory was reduced by approximately $23 million year-over-year, reflecting a focus on inventory management. The company secured a new asset-based financing agreement providing up to $115 million of credit to support growth. Despite uncertainties related to tariffs on China and Mexico, Key Tronic remains optimistic about future profitability and growth, leveraging expansions in Arkansas and Vietnam to meet customer demand and mitigate risks.Strategic Expansion and New Wins
The company is expanding production capacity in Arkansas and Vietnam to capitalize on onshoring trends and mitigate tariff impacts. Notably, a new program in energy resiliency technology is expected to contribute over $60 million in annual revenue once fully ramped.
Inventory and Liability Reductions
Inventory was reduced by approximately $23 million or 19%, and total liabilities reduced by $38 million or 15% from a year ago, demonstrating improved operational efficiency.
New Financing Agreement
A new asset-based financing agreement provides up to $115 million of available credit, expected to lower interest expenses and offer greater financial flexibility.
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KTCC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KTCC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $3.60 | $3.92 | +8.89% |
| Nov 05, 2024 | $6.02 | $5.72 | -4.98% |
| Aug 13, 2024 | $3.87 | $4.49 | +16.02% |
| May 07, 2024 | $4.36 | $4.54 | +4.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Key Tronic Corp. (KTCC) report earnings?
Key Tronic Corp. (KTCC) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Key Tronic Corp. (KTCC) earnings time?
Key Tronic Corp. (KTCC) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KTCC EPS forecast?
Currently, no data Available
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