Key Tronic (NASDAQ:KTCC) Posts Quarterly Earnings Results

Key Tronic (NASDAQ:KTCC) posted its earnings results on Thursday. The technology company reported ($0.26) earnings per share for the quarter, FiscalAI reports. Key Tronic had a negative return on equity of 7.24% and a negative net margin of 4.40%.The business had revenue of $102.03 million during the quarter.

Here are the key takeaways from Key Tronic’s conference call:

• New program awards exceeded $60 million in Q4, including a $40 million–$45 million annual data-center opportunity in Mexico, a $15 million power-management program, and a $5 million–$10 million construction program. Management expects meaningful revenue contributions beginning in fiscal 2027.
• Key Tronic completed its China manufacturing exit and shifted production to the U.S. and Vietnam, with approximately $4 million in expected annual fiscal 2027 savings. Vietnam revenue more than doubled sequentially in Q4, while Arkansas is expected to deliver double-digit revenue growth as programs ramp.
• Liquidity and tighter supplier credit terms constrained production, forcing the company to delay approximately $10 million of shipments. Management is seeking additional financing and customer capital contributions, including potential collateralization of foreign assets, and did not provide fiscal Q1 2027 guidance.
• Q4 revenue rose 14% sequentially to $102 million, but remained below the prior-year quarter, while the company reported a $34.3 million net loss. Results included an $8.4 million distressed-customer receivables write-off and a $28.4 million non-cash deferred-tax valuation allowance, although adjusted net loss improved year over year.

Key Tronic Trading Up 3.2%

Shares of KTCC opened at $3.85 on Friday. Key Tronic has a 1-year low of $2.40 and a 1-year high of $4.42. The company has a market capitalization of $41.81 million, a P/E ratio of -2.41 and a beta of 1.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.06 and a quick ratio of 1.21. The firm’s 50 day simple moving average is $3.95 and its 200 day simple moving average is $3.38.

Institutional Trading of Key Tronic

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP purchased a new stake in Key Tronic during the second quarter valued at about $57,000. Tieton Capital Management LLC purchased a new position in shares of Key Tronic during the 2nd quarter valued at about $3,143,000. BlackRock Inc. purchased a new stake in Key Tronic in the second quarter worth approximately $533,000. Bank of New York Mellon Corp bought a new position in Key Tronic during the second quarter valued at approximately $95,000. Finally, Sei Investments Co. raised its stake in shares of Key Tronic by 105.7% during the first quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock worth $944,000 after acquiring an additional 177,591 shares in the last quarter. Hedge funds and other institutional investors own 40.69% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Key Tronic in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Key Tronic has a consensus rating of “Sell”.

About Key Tronic

Key Tronic Corporation (NASDAQ: KTCC) is a global electronics manufacturer headquartered in Spokane, Washington. The company specializes in the design, development and production of human-machine interfaces and input devices, with a core legacy in keyboard technology. Over more than five decades, Key Tronic has expanded its capabilities beyond keyboards to encompass a broad range of electronic assemblies for OEMs across computing, industrial, medical and consumer markets.

Key Tronic’s product portfolio includes membrane and mechanical keyboards, touch panels, silicone keypads and custom input solutions tailored to customer specifications.