Key Tronic Corp Files 8-K/A Amendment

TL;DR

Key Tronic amended its financial report, check for updated numbers.

AI Summary

Key Tronic Corporation filed an 8-K/A on October 16, 2024, amending a previous filing related to its results of operations and financial condition as of August 13, 2024. The amendment pertains to the company's financial reporting and disclosures.

Why It Matters

This filing indicates an update or correction to Key Tronic's financial disclosures, which could impact investor understanding of the company's performance and financial health.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing, likely for clarification or correction, rather than a new material event.

Key Players & Entities

• Key Tronic Corporation (company) — Registrant
• August 13, 2024 (date) — Earliest event date
• October 16, 2024 (date) — Filing date

FAQ

Filing Documents

• ktcc-20240813.htm (8-K/A) — 82KB
• 0000719733-24-000115.txt ( ) — 206KB
• ktcc-20240813.xsd (EX-101.SCH) — 2KB
• ktcc-20240813_lab.xml (EX-101.LAB) — 21KB
• ktcc-20240813_pre.xml (EX-101.PRE) — 12KB
• ktcc-20240813_htm.xml (XML) — 3KB

02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION On August 13, 2024, the Company issued a press release announcing its financial results for the quarter ended June 29, 2024. The information set forth below corrects and supersedes the information provided in the press release. Three Months Ended June 29, 2024 CORRECTED CONSOLIDATED STATEMENT OF OPERATIONS (in thousands, except per share information) (unaudited) As previously reported Adjustments As revised Net sales $ 125,689 $ 867 $ 126,556 Cost of sales $ 114,363 $ 3,021 $ 117,384 Gross profit $ 11,326 $ (2,154) $ 9,172 Research, development and engineering expenses $ 2,135 $ (35) $ 2,100 Selling, general and administrative expenses $ 7,203 $ (247) $ 6,956 Gain on insurance proceeds, net of losses $ (715) $ 715 $ — Total operating expenses $ 8,623 $ 433 $ 9,056 Operating income $ 2,703 $ (2,587) $ 116 Interest expense, net $ 3,173 $ — $ 3,173 Income (loss) before income taxes $ (470) $ (2,587) $ (3,057) Income tax provision (benefit) $ (507) $ (564) $ (1,071) Net income (loss) $ 37 $ (2,023) $ (1,986) Net income (loss) per share — Basic $ — $ (0.19) $ (0.18) Weighted average shares outstanding — Basic 10,762 10,762 10,762 Net income (loss) per share — Diluted $ — $ (0.19) $ (0.18) Weighted average shares outstanding — Diluted 10,762 10,762 10,762 Non-GAAP Financial Measures To supplement our consolidated financial statements, which are prepared in accordance with generally accepted accounting principles in the United States (GAAP), we use certain non-GAAP financial measures, adjusted net income and adjusted net income per share. We provide these non-GAAP financial measures because we believe they provide greater transparency related to our core operations and represent supplemental information used by management in its financial and operational decision making. We exclude (or include) certain items in our non-GAAP financial measures as we believe the net result i

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KEY TRONIC CORPORATION (Registrant) Date: October 16, 2024 By: /s/ Anthony G. Voorhees Anthony G. Voorhees, Executive Vice President of Administration, CFO and Treasurer 4

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View this 8-K/A filing on SEC EDGAR