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Key Tronic Corp. (KTCC)
NASDAQ:KTCC
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
―Last Year’s EPS
-0.06Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of material near-term challenges and tangible progress toward longer-term stabilization and growth. Short-term financials were adversely impacted by a $10.5M restructuring charge, a ~15–20% drop in revenue year-over-year, compressed gross and operating margins, and a wider net loss. Offsetting these negatives, the company reported significantly improved operating cash flow, meaningful debt reduction, lower inventory, improved receivables days, adjusted breakeven results (excluding charges), concrete program wins, and strategic capacity builds in the US and Vietnam that should support future growth and tariff mitigation. Management outlined clear cost-saving actions (China wind-down, Mexico right-sizing) with quantified quarterly savings and highlighted a high-potential consigned-materials opportunity (> $25M annual potential). Given the balance of significant current headwinds versus credible, actionable strategic initiatives and early operating improvements, the overall tone is cautious but constructive.Company Guidance
Cash Flow and Balance Sheet Improvement
Operating cash flow improved to $6.3M in the quarter from $1.3M a year ago (≈+385%), enabling a year-over-year debt reduction of approximately $13.4M and a 12% decline in inventory (down $12.3M).
Adjusted Profitability (Excluding One-Time Charges)
Adjusted net income was breakeven ($0.00 per share) for the quarter compared to an adjusted net loss of $4.1M (≈$0.38 per share) in the prior-year period; adjusted gross margin (excluding China/Mexico charges) was 7.9% for the quarter.
New Program Wins and Program Ramp
Won new programs in automotive, pest control, and industrial equipment (estimated fully ramped sizes: automotive up to ~$5M, pest control ~$2M, industrial $2–5M). First medical product shipments from Da Nang, Vietnam, and increased program starts in Arkansas and Corinth, Mississippi.
Consigned Materials Program Opportunity
Ramping a consigned-materials manufacturing services contract in Corinth with potential to exceed $25M in annual revenue (management highlights it could materially improve future profitability if successful).
Strategic Near-shoring and Capacity Investments
Investments and capacity builds in US (Arkansas) and Vietnam (doubled capacity, medical capability) position the company to onshore/nearshore production; management expects roughly half of manufacturing to be in US and Vietnam by the end of FY2026 and anticipates double-digit growth in the Arkansas facility in H2.
Operational Efficiency Moves and Future Cost Savings
Planned wind-down of China manufacturing expected to save approximately $1.2M per quarter once complete (targeted Q4), and Mexico workforce reductions expected to save approximately $1.5M per quarter once fully implemented (targeted Q3); full-year CapEx guidance of $8–10M focused on automation and production equipment.
Receivables and Working Capital Improvement
Days sales outstanding improved to 77 days from 99 days a year ago (improvement of 22 days, ≈22% faster collections), reflecting stronger receivables management.
Headcount Reductions and Restructuring Progress
Mexico headcount reduced by ~40% over the past 18 months as part of right-sizing and automation efforts intended to restore competitiveness and quoting success in that region.
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
KTCC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $2.91 | $2.91 | 0.00% |
Nov 04, 2025 | $3.41 | $2.96 | -13.20% |
Aug 27, 2025 | $2.98 | $2.85 | -4.36% |
May 06, 2025 | $2.43 | $2.31 | -4.94% |
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.
FAQ
When does Key Tronic Corp. (KTCC) report earnings?
Key Tronic Corp. (KTCC) is schdueled to report earning on May 05, 2026, After Close (Confirmed).
What is Key Tronic Corp. (KTCC) earnings time?
Key Tronic Corp. (KTCC) earnings time is at May 05, 2026, After Close (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?
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What is KTCC EPS forecast?
Currently, no data Available