New Risk • May 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings have declined by 70% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$33.9m market cap). Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Director Subodh Kulkarni was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Apr 25
Key Tronic Corporation to Report Q3, 2026 Results on May 05, 2026 Key Tronic Corporation announced that they will report Q3, 2026 results After-Market on May 05, 2026 Announcement • Jan 21
Key Tronic Corporation to Report Q2, 2026 Results on Feb 03, 2026 Key Tronic Corporation announced that they will report Q2, 2026 results After-Market on Feb 03, 2026 Announcement • Nov 07
Key Tronic Corporation Not to Issue Revenue or Earnings Guidance for the Second Quarter of Fiscal Year 2026 Key Tronic Corporation announced that due to uncertainty in the timing of new program ramps in light of the continued uncertainty of potential tariffs, Key Tronic will not be issuing revenue or earnings guidance for the second quarter of fiscal year 2026. Announcement • Oct 21
Key Tronic Corporation to Report Q1, 2026 Results on Nov 04, 2025 Key Tronic Corporation announced that they will report Q1, 2026 results After-Market on Nov 04, 2025 Announcement • Apr 23
Key Tronic Corporation to Report Q3, 2025 Results on May 06, 2025 Key Tronic Corporation announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on May 06, 2025 Announcement • Feb 14
Key Tronic Corporation to Shift Its Existing Arkansas Operations to a New Larger Facility in Springdale Key Tronic Corporation will be shifting its existing Arkansas operations to a new larger facility in Springdale, located at 601 W Apple Blossom Avenue later in 2025, increasing its total U.S. production capacity by approximately 40%. Announcement • Jan 25
Key Tronic Corporation Announces Earnings Guidance for the Third Quarter of 2025 Key Tronic Corporation announced earnings guidance for the third quarter of 2025. For the third quarter of 2025, the company expects to report revenue in the range of $115 million to $130 million and earnings in the range of $0.00 to $0.15 per diluted share. Announcement • Jan 24
Key Tronic Corporation to Report Q2, 2025 Results on Feb 04, 2025 Key Tronic Corporation announced that they will report Q2, 2025 results on Feb 04, 2025 Announcement • Nov 06
Key Tronic Corporation Provides Earnings Guidance for the Second Quarter of Fiscal 2025 Key Tronic Corporation provided earnings guidance for the second quarter of fiscal 2025. For the period, the company expects revenue in the range of $130 million to $140 million and earnings in the range $0.05 to $0.15 per diluted share. Announcement • Oct 29
Key Tronic Corporation, Annual General Meeting, Nov 25, 2024 Key Tronic Corporation, Annual General Meeting, Nov 25, 2024. Location: 4424 n, sullivan road upper level, spokane valley, washington 99216, United States Announcement • Oct 25
Key Tronic Corporation to Report Q1, 2025 Results on Nov 05, 2024 Key Tronic Corporation announced that they will report Q1, 2025 results After-Market on Nov 05, 2024 Announcement • Oct 01
Key Tronic Corporation announced delayed annual 10-K filing On 09/30/2024, Key Tronic Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • May 09
Key Tronic Corporation Provides Earnings Guidance for the Fourth Quarter of 2024 Key Tronic Corporation provided earnings guidance for the fourth quarter of 2024. For the quarter, the company expects to report revenue in the range of $135 million to $145 million and earnings in the range $0.03 to $0.10 per diluted share. New Risk • May 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.04% Last year net profit margin: 0.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.04% net profit margin). Market cap is less than US$100m (US$46.9m market cap). Announcement • Apr 28
Key Tronic Corporation to Report Q3, 2024 Results on May 07, 2024 Key Tronic Corporation announced that they will report Q3, 2024 results After-Market on May 07, 2024 Announcement • Apr 27
Key Tronic Corporation Provides Earnings Guidance for the Third Quarter and Fourth Quarter of Fiscal 2024 Key Tronic Corporation provided earnings guidance for the third quarter and fourth quarter of fiscal 2024. For the third quarter of fiscal 2024, the company expects to report revenue of approximately $140 million, in line with revenue expectations, and a net loss of approximately ($0.18) to ($0.23) per share, which is below expectations. For the fourth quarter of fiscal 2024, the Company expects to report revenue in the range of $135 million to $145 million and earnings in the range of $0.00 to $0.10 per diluted share. Reported Earnings • Feb 07
Second quarter 2024 earnings released: EPS: US$0.10 (vs US$0.09 in 2Q 2023) Second quarter 2024 results: EPS: US$0.10 (up from US$0.09 in 2Q 2023). Revenue: US$145.4m (up 18% from 2Q 2023). Net income: US$1.08m (up 12% from 2Q 2023). Profit margin: 0.7% (down from 0.8% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Announcement • Feb 07
Key Tronic Corporation Provides Earnings Guidance for the Third Quarter of Fiscal 2024 Key Tronic Corporation provided earnings guidance for the third quarter of fiscal 2024. For the quarter, the company expects to report revenue in the range of $135 million to $145 million. Announcement • Jan 26
Key Tronic Corporation to Report Q2, 2024 Results on Feb 06, 2024 Key Tronic Corporation announced that they will report Q2, 2024 results After-Market on Feb 06, 2024 Announcement • Jan 10
Key Tronic Corporation Announces Chief Executive Officer, Changes, Effective June 30, 2024 Key Tronic Corporation announced that effective June 30, 2024, its board of directors has named Brett R. Larsen to succeed Craig D. Gates as the company’s chief executive officer. Mr. Gates will retire from the company effective June 30, 2024, but expects to remain a member of the company’s board of directors. Mr. Larsen, who has served as the Company’s Executive Vice President of Administration, Chief Financial Officer, and Treasurer since July 2015, joined the company in May 2004 and has assumed ever-increasing roles and responsibilities over the past 20 years. Reported Earnings • Nov 02
First quarter 2024 earnings released: EPS: US$0.031 (vs US$0.11 in 1Q 2023) First quarter 2024 results: EPS: US$0.031 (down from US$0.11 in 1Q 2023). Revenue: US$147.8m (up 7.6% from 1Q 2023). Net income: US$335.0k (down 71% from 1Q 2023). Profit margin: 0.2% (down from 0.8% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Announcement • Nov 01
Key Tronic Corporation Provides Earnings Guidance for the Second Quarter of Fiscal 2024 Key Tronic Corporation provided earnings guidance for the second quarter of fiscal 2024. For the quarter, the company expects to report revenue to be in the range of $135 million to $145 million and earnings to be in the range of $0.05 to $0.10 per diluted share. These expected results assume an effective tax rate of 20% in the coming quarter. Announcement • Oct 24
Key Tronic Corporation to Report Q1, 2024 Results on Oct 31, 2023 Key Tronic Corporation announced that they will report Q1, 2024 results After-Market on Oct 31, 2023 Announcement • Sep 30
Key Tronic Corporation, Annual General Meeting, Oct 26, 2023 Key Tronic Corporation, Annual General Meeting, Oct 26, 2023, at 10:00 Pacific Standard Time. Location: 4424 N. Sullivan Road – Upper Level Spokane Valley Washington United States Agenda: To elect six directors of the Company to hold office until the next Annual Meeting of Shareholders and until their successors are elected and have qualified; to hold an advisory vote to approve the compensation of the Company’s named executive officers, as disclosed in “Executive Compensation” herein; to ratify the appointment of Moss Adams LLP as independent registered public accounting firm for fiscal year 2024; and to consider other matters. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$4.74, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 17x in the Electronic industry in the US. Total loss to shareholders of 42% over the past three years. Announcement • Aug 17
Key Tronic Corporation Provides Revenue Guidance for the First Quarter of Fiscal 2024 Key Tronic Corporation provided revenue guidance for the first quarter of fiscal 2024. For the quarter, the company expects to report revenue in the range of $140 million to $150 million and earnings in the range of $0.05 to $0.15 per diluted share. These expected results assume an effective tax rate of 20% in the coming quarter. Reported Earnings • Aug 17
Full year 2023 earnings released: EPS: US$0.48 (vs US$0.31 in FY 2022) Full year 2023 results: EPS: US$0.48 (up from US$0.31 in FY 2022). Revenue: US$588.1m (up 11% from FY 2022). Net income: US$5.16m (up 53% from FY 2022). Profit margin: 0.9% (up from 0.6% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Announcement • Aug 05
Key Tronic Corporation to Report Q4, 2023 Results on Aug 15, 2023 Key Tronic Corporation announced that they will report Q4, 2023 results After-Market on Aug 15, 2023 Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$5.75, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 16x in the Electronic industry in the US. Total returns to shareholders of 35% over the past three years. Announcement • May 04
Key Tronic Corporation Provides Earnings Guidance for the Fourth Quarter of Fiscal 2023 Key Tronic Corporation provided earnings guidance for the fourth quarter of fiscal 2023. For the fourth quarter of fiscal 2023, the company expects to report revenue in the range of $150 million to $160 million and earnings in the range of $0.10 to $0.20 per diluted share. Reported Earnings • May 03
Third quarter 2023 earnings released: EPS: US$0.18 (vs US$0.094 in 3Q 2022) Third quarter 2023 results: EPS: US$0.18 (up from US$0.094 in 3Q 2022). Revenue: US$164.6m (up 19% from 3Q 2022). Net income: US$1.98m (up 96% from 3Q 2022). Profit margin: 1.2% (up from 0.7% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to US$6.56, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 18x in the Electronic industry in the US. Total returns to shareholders of 9.2% over the past three years. Reported Earnings • Feb 01
Second quarter 2023 earnings released: EPS: US$0.09 (vs US$0.055 in 2Q 2022) Second quarter 2023 results: EPS: US$0.09 (up from US$0.055 in 2Q 2022). Revenue: US$123.7m (down 8.0% from 2Q 2022). Net income: US$967.0k (up 65% from 2Q 2022). Profit margin: 0.8% (up from 0.4% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Feb 01
Key Tronic Corporation Provides Earnings Guidance for the Third Quarter of Fiscal 2023 Key Tronic Corporation provided earnings guidance for the third quarter of fiscal 2023. For the period, the company expects to report revenue in the range of $160 million to $170 million and earnings in the range of $0.15 to $0.25 per diluted share. These expected results assume an effective tax rate of 25% in the coming quarter. Announcement • Jan 24
Key Tronic Corporation to Report Q2, 2023 Results on Jan 31, 2023 Key Tronic Corporation announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jan 31, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director Subodh Kulkarni was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
First quarter 2023 earnings released: EPS: US$0.11 (vs US$0.076 in 1Q 2022) First quarter 2023 results: EPS: US$0.11 (up from US$0.076 in 1Q 2022). Revenue: US$137.3m (up 3.4% from 1Q 2022). Net income: US$1.15m (up 41% from 1Q 2022). Profit margin: 0.8% (up from 0.6% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 11
Full year 2022 earnings released: EPS: US$0.31 (vs US$0.40 in FY 2021) Full year 2022 results: EPS: US$0.31 (down from US$0.40 in FY 2021). Revenue: US$531.8m (up 2.5% from FY 2021). Net income: US$3.38m (down 22% from FY 2021). Profit margin: 0.6% (down from 0.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • May 06
Third quarter 2022 earnings released: EPS: US$0.094 (vs US$0.081 in 3Q 2021) Third quarter 2022 results: EPS: US$0.094 (up from US$0.081 in 3Q 2021). Revenue: US$138.4m (up 2.8% from 3Q 2021). Net income: US$1.01m (up 16% from 3Q 2021). Profit margin: 0.7% (up from 0.6% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director Subodh Kulkarni was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 04
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: US$0.055 (down from US$0.15 in 2Q 2021). Revenue: US$134.5m (up 4.8% from 2Q 2021). Net income: US$587.0k (down 63% from 2Q 2021). Profit margin: 0.4% (down from 1.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 05
First quarter 2022 earnings released: EPS US$0.076 (vs US$0.16 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: US$132.8m (up 7.8% from 1Q 2021). Net income: US$815.0k (down 53% from 1Q 2021). Profit margin: 0.6% (down from 1.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Nov 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director Subodh Kulkarni was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 18
Full year 2021 earnings released: EPS US$0.40 (vs US$0.44 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: US$518.7m (up 15% from FY 2020). Net income: US$4.34m (down 8.8% from FY 2020). Profit margin: 0.8% (down from 1.1% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 17% share price gain to US$9.10, the stock is trading at a trailing P/E ratio of 17.2x, up from the previous P/E ratio of 14.7x. This compares to an average P/E of 27x in the Electronic industry in the US. Total returns to shareholders over the past three years are 29%. Reported Earnings • Jan 28
Second quarter 2021 earnings released: EPS US$0.15 (vs US$0.077 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$128.3m (up 9.9% from 2Q 2020). Net income: US$1.58m (up 92% from 2Q 2020). Profit margin: 1.2% (up from 0.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 28
New 90-day high: US$8.14 The company is up 3.0% from its price of US$7.94 on 29 October 2020. The American market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 30% over the same period. Is New 90 Day High Low • Dec 31
New 90-day low: US$7.12 The company is down 28% from its price of US$9.91 on 01 October 2020. The American market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 24% over the same period. Is New 90 Day High Low • Nov 24
New 90-day low: US$7.23 The company is down 13% from its price of US$8.27 on 25 August 2020. The American market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 18% over the same period. Reported Earnings • Nov 11
First quarter 2021 earnings released: EPS US$0.16 The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: US$123.2m (up 17% from 1Q 2020). Net income: US$1.72m (up 11% from 1Q 2020). Profit margin: 1.4% (down from 1.5% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 03
New 90-day low: US$7.60 The company is down 17% from its price of US$9.15 on 05 August 2020. The American market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period. Valuation Update With 7 Day Price Move • Nov 03
Market pulls back on stock over the past week After last week's 20% share price decline to US$7.60, the stock is trading at a trailing P/E ratio of 16.6x, down from the previous P/E ratio of 20.8x. This compares to an average P/E of 22x in the Electronic industry in the US. Total returns to shareholders over the past three years are 2.8%. Is New 90 Day High Low • Sep 29
New 90-day high: US$9.58 The company is up 70% from its price of US$5.62 on 01 July 2020. The American market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 7.0% over the same period.