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Key Tronic Corp. (KTCC)
NASDAQ:KTCC
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2025 (Q2)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:Nov 05, 2024
|% Change Since: -33.72%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Neutral
The call reflected a mix of positive and negative aspects. Despite a decline in revenue and program delays, there were improvements in operating efficiencies, margins, and net income. Inventory and liabilities were reduced significantly, and new business opportunities were secured. However, challenges remain with revenue performance and program delays.Company Guidance
During the Key Tronic Q1 2025 earnings call, the company reported a decline in revenue to $131.6 million from $150.1 million in the same period of fiscal 2024, largely due to $9 million in delays from three customer-driven programs. Despite these setbacks, the company achieved significant improvements in operating efficiencies, with gross margins rising to 10.1% from 7.2% and operating margins increasing to 3.4% from 2.2% year-over-year. Net income for the quarter was $1.1 million, or $0.10 per share, up from $0.3 million, or $0.03 per share, in the prior year. Inventory was reduced by approximately $31 million, or 24%, from the previous year, and total liabilities decreased by $29.7 million, or 11%. For Q2 2025, Key Tronic anticipates revenue between $130 million and $140 million, with net income in the range of $0.05 to $0.15 per diluted share. The company is focusing on ramping up new programs, continuing efficiency improvements, and leveraging the weakening Mexican peso to enhance profitability.Improved Operating Efficiencies
Operating efficiencies improved significantly compared to the first quarter of fiscal 2024, primarily due to headcount reductions and a favorable weakening of the Mexican peso.
Gross and Operating Margin Increase
Gross margin increased to 10.1% and operating margins improved to 3.4% in Q1 2025, up from 7.2% and 2.2% respectively in Q1 2024.
Net Income Growth
Net income rose to $1.1 million or $0.10 per share for Q1 2025, compared to $0.3 million or $0.03 per share in Q1 2024. Adjusted net income was $1.2 million or $0.11 per share compared to breakeven in Q1 2024.
Inventory and Liability Reduction
Inventory reduced by $31 million or 24% from a year ago, and total liabilities decreased by $29.7 million or 11%.
New Program Wins
Expansion of customer base with new program wins in manufacturing production equipment, vehicle lighting, and commercial pest control.
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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 |
|---|---|---|---|
| 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% |
| Feb 06, 2024 | $4.44 | $4.60 | +3.60% |
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 Feb 04, 2025, TBA Not Confirmed.
What is Key Tronic Corp. (KTCC) earnings time?
Key Tronic Corp. (KTCC) earnings time is at Feb 04, 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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