Key Tronic Corp (NASDAQ: KTCC) is a contract electronics manufacturing company that provides manufacturing and engineering services to original equipment manufacturers across multiple end markets. Revenue is transactional, generated by producing printed circuit board assemblies, precision metal stampings, plastic injection-molded parts, and finished electronic products on behalf of OEM customers. Key Tronic operates manufacturing facilities in the United States, Mexico, China, and Vietnam, competing in the broader contract manufacturing industry. Net sales were $467.9 million in fiscal year 2025, down 17.5 percent from $566.9 million in fiscal year 2024. Gross profit margin was 7.8 percent in fiscal year 2025, up from 7.0 percent in fiscal year 2024. The company reported a net loss of $8.3 million, or $0.77 per share, in fiscal year 2025. Key Tronic does not typically enter long-term volume purchase contracts with customers, creating meaningful revenue concentration risk. As of June 28, 2025, the company held approximately $1.4 million in cash at foreign subsidiaries. Brett R. Larsen serves as President and Chief Executive Officer.

Revenue model

Transactional contract manufacturing fees paid by OEM customers for production of electronic assemblies, metal stampings, plastic parts, and finished goods. No disclosed subscription or royalty revenue streams. Customers do not typically commit to long-term volume purchase contracts.

Products and services

Surface-mount technology (SMT) printed circuit board assemblies, precision metal stampings, sheet metal fabrication, plastic injection-molded parts, tooling design, and full product assembly and engineering services for OEM customers.

Customers and end markets

OEM customers across pest control, personal protection, air purification, automotive, medical technology, utilities inspection equipment, and data processing (fiscal year 2025, per 10-K filed 2025-09-17). A new consigned manufacturing contract with a large data processing OEM at the Corinth, Mississippi facility is estimated to eventually exceed $20 million in annual revenue. No specific customer concentration percentages disclosed in the excerpts.

Value-chain role

Outsourced contract manufacturer sitting between component suppliers and OEM brand owners. Handles procurement, production scheduling, assembly, and quality, but does not own the end brands or sell directly to consumers.

Geographic exposure

Manufacturing and warehouse facilities as of filing date: Corinth, Mississippi (350,000 sq ft, leased); Lowell, Arkansas (290,540 sq ft, leased); Fayetteville, Arkansas (105,000 sq ft, leased); Oakdale, Minnesota (103,000 sq ft, leased); Spokane Valley, Washington (131,000 sq ft combined, leased); El Paso, Texas (80,000 sq ft, leased); plus facilities in Juarez, Mexico; China; and Vietnam.

Source: SEC 10-K, filed 2025-09-17

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