$KTCC
KEY TRONIC CORP Stock $ktcc

$ktcc Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-Q Financial Statement

#000071973323000047 Filed on November 09, 2023

Income Statement

Concept	2023 Q4	2023 Q3
Revenue	$145.4M	$162.6M
YoY Change	5.94%	28.84%
Cost Of Revenue	$133.7M	$148.7M
YoY Change	5.34%	29.94%
Gross Profit	$11.76M	$13.90M
YoY Change	13.33%	18.18%
Gross Profit Margin	8.09%	8.55%
Selling, General & Admin	$6.057M	$7.363M
YoY Change	7.09%	2.96%
% of Gross Profit	51.49%	52.98%
Research & Development	$1.758M	$2.573M
YoY Change	-23.43%	9.58%
% of Gross Profit	14.95%	18.51%
Depreciation & Amortization	$2.708M	$2.787M
YoY Change	13.54%	-23.2%
% of Gross Profit	23.02%	20.05%
Operating Expenses	$7.815M	$9.936M
YoY Change	11.36%	4.6%
Operating Profit	$3.900M	$3.962M
YoY Change	16.04%	75.23%
Interest Expense	$2.961M	-$2.941M
YoY Change	56.92%	100.61%
% of Operating Profit	75.92%	-74.23%
Other Income/Expense, Net
YoY Change
Pretax Income	$987.0K	$1.282M
YoY Change	-33.04%	61.26%
Income Tax	-$97.00K	$220.0K
% Of Pretax Income	-9.83%	17.16%
Net Earnings	$1.100M	$1.062M
YoY Change	-4.51%	9.71%
Net Earnings / Revenue	0.76%	0.65%
Basic Earnings Per Share	$0.10	$0.03
Diluted Earnings Per Share	$0.10	$0.10
COMMON SHARES
Basic Shares Outstanding	10.76M shares	10.76M shares
Diluted Shares Outstanding	10.89M shares	11.00M shares

Balance Sheet

Concept	2023 Q4	2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.953M	$3.603M
YoY Change	38.44%	111.07%
Cash & Equivalents	$2.953M	$3.603M
Short-Term Investments
Other Short-Term Assets	$22.61M	$28.18M
YoY Change	-0.84%	14.05%
Inventory	$124.1M	$138.9M
Prepaid Expenses
Receivables	$162.7M	$180.6M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$312.3M	$351.3M
YoY Change	-13.16%	3.32%
LONG-TERM ASSETS
Property, Plant & Equipment	$28.94M	$40.92M
YoY Change	7.26%	57.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$6.243M	$27.83M
YoY Change	-52.46%	97.12%
Total Long-Term Assets	$66.44M	$68.75M
YoY Change	-5.59%	2.74%
TOTAL ASSETS
Total Short-Term Assets	$312.3M	$351.3M
Total Long-Term Assets	$66.44M	$68.75M
Total Assets	$378.7M	$420.1M
YoY Change	-11.92%	3.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$91.36M	$118.0M
YoY Change	-31.89%	-2.79%
Accrued Expenses	$5.677M	$13.35M
YoY Change	-60.75%	-19.3%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$5.610M	$7.098M
YoY Change	-15.54%	-4.11%
Total Short-Term Liabilities	$118.4M	$153.1M
YoY Change	-31.89%	-6.49%
LONG-TERM LIABILITIES
Long-Term Debt	$114.9M	$118.3M
YoY Change	4.32%	17.94%
Other Long-Term Liabilities	$627.0K	$17.84M
YoY Change	-88.94%	197.38%
Total Long-Term Liabilities	$127.9M	$136.1M
YoY Change	-1.57%	14.99%
TOTAL LIABILITIES
Total Short-Term Liabilities	$118.4M	$153.1M
Total Long-Term Liabilities	$127.9M	$136.1M
Total Liabilities	$246.3M	$289.4M
YoY Change	-18.91%	2.62%
SHAREHOLDERS EQUITY
Retained Earnings	$84.41M	$82.99M
YoY Change	6.87%	6.63%
Common Stock	$47.84M	$47.73M
YoY Change	0.68%	0.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$132.4M	$130.6M
YoY Change
Total Liabilities & Shareholders Equity	$378.7M	$420.1M
YoY Change	-11.92%	3.23%

Cashflow Statement

Concept	2023 Q4	2023 Q3
OPERATING ACTIVITIES
Net Income	$1.100M	$1.062M
YoY Change	-4.51%	9.71%
Depreciation, Depletion And Amortization	$2.708M	$2.787M
YoY Change	13.54%	-23.2%
Cash From Operating Activities	$3.460M	$5.623M
YoY Change	-159.28%	-16.44%
INVESTING ACTIVITIES
Capital Expenditures	$2.079M	$527.0K
YoY Change	-17.7%	-119.25%
Acquisitions
YoY Change
Other Investing Activities	-$1.000K	$1.740M
YoY Change	-100.03%	-240.32%
Cash From Investing Activities	-$2.080M	$1.722M
YoY Change	-17.66%	-143.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-2.000M	-$7.374M
YoY Change	-122.76%	166.5%
NET CHANGE
Cash From Operating Activities	3.460M	$5.623M
Cash From Investing Activities	-2.080M	$1.722M
Cash From Financing Activities	-2.000M	-$7.374M
Net Change In Cash	-620.0K	-$29.00K
YoY Change	-245.54%	93.33%
FREE CASH FLOW
Cash From Operating Activities	$3.460M	$5.623M
Capital Expenditures	$2.079M	$527.0K
Free Cash Flow	$1.381M	$5.096M
YoY Change	-116.51%	-46.17%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q3	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilities
CY2023Q3	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OperatingLeaseLiabilityNoncurrent
CY2023Q3	us-gaap	Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent
CY2023Q3	us-gaap	Finance Lease Liability Current Statement Of Financial Position Extensible List FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#LongTermDebtCurrent
CY2023Q3	us-gaap	Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
CY2023Q3	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	32903000	usd
CY2023Q3	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	29925000	usd
CY2023Q3	us-gaap	Inventory Net InventoryNet	137911000	usd
CY2023Q3	ktcc	Assets Noncurrent Exclude Ppe And Rou Assets AssetsNoncurrentExcludePPEAndROUAssets	20705000	usd
CY2023Q3	ktcc	Assets Noncurrent Exclude Ppe And Rou Assets AssetsNoncurrentExcludePPEAndROUAssets	23651000	usd
CY2023Q3	us-gaap	Long Term Notes And Loans LongTermNotesAndLoans	6726000	usd
CY2023Q3	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	114805000	usd
CY2023Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	10317000	usd
CY2023Q3	us-gaap	Deferred Tax Liabilities Deferred Expense DeferredTaxLiabilitiesDeferredExpense	274000	usd
CY2023Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	3567000	usd
CY2023Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	135689000	usd
CY2023Q3	us-gaap	Liabilities Liabilities	287655000	usd
CY2023Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	25000000	shares
CY2023Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	10762000	shares
CY2023Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	10762000	shares
CY2023Q3	us-gaap	Common Stock Value CommonStockValue	47728000	usd
CY2023Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	82986000	usd
CY2023Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-97000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	130617000	usd
CY2023Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	418272000	usd
CY2022Q4	us-gaap	Gross Profit GrossProfit	10379000	usd
CY2022Q4	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	2296000	usd
CY2022Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	5656000	usd
CY2022Q4	us-gaap	Insured Event Gain Loss InsuredEventGainLoss	934000	usd
CY2022Q4	us-gaap	Operating Expenses OperatingExpenses	7018000	usd
CY2022Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	3361000	usd
CY2023Q3	us-gaap	Interest Expense InterestExpense	3011000	usd
CY2022Q4	us-gaap	Interest Expense InterestExpense	1887000	usd
CY2022Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1474000	usd
CY2022Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	322000	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	1152000	usd
CY2022Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.11
CY2022Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10762000	shares
CY2022Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.11
CY2022Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10832000	shares
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	335000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	335000	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	1152000	usd
CY2023Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2787000	usd
CY2022Q4	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2385000	usd
CY2023Q3	us-gaap	Amortization Of Deferred Charges AmortizationOfDeferredCharges	58000	usd
CY2022Q4	us-gaap	Amortization Of Deferred Charges AmortizationOfDeferredCharges	153000	usd
CY2023Q3	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	55000	usd
CY2022Q4	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	37000	usd
CY2023Q3	us-gaap	Other Noncash Expense OtherNoncashExpense	1528000	usd
CY2022Q4	us-gaap	Other Noncash Expense OtherNoncashExpense	1847000	usd
CY2023Q3	us-gaap	Inventory Write Down InventoryWriteDown	265000	usd
CY2022Q4	us-gaap	Inventory Write Down InventoryWriteDown	175000	usd
CY2023Q3	us-gaap	Product Warranty Expense ProductWarrantyExpense	118000	usd
CY2022Q4	us-gaap	Product Warranty Expense ProductWarrantyExpense	152000	usd
CY2023Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	usd
CY2022Q4	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	14000	usd
CY2023Q3	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	0	usd
CY2022Q4	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	123000	usd
CY2023Q3	us-gaap	Insured Event Gain Loss InsuredEventGainLoss	431000	usd
CY2022Q4	us-gaap	Insured Event Gain Loss InsuredEventGainLoss	934000	usd
CY2023Q3	us-gaap	Share Based Compensation ShareBasedCompensation	59000	usd
CY2022Q4	us-gaap	Share Based Compensation ShareBasedCompensation	40000	usd
CY2023Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-901000	usd
CY2022Q4	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-344000	usd
CY2023Q3	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	-9157000	usd
CY2022Q4	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	1776000	usd
CY2023Q3	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	2978000	usd
CY2022Q4	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	4384000	usd
CY2023Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-10867000	usd
CY2022Q4	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	13719000	usd
CY2023Q3	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-1417000	usd
CY2022Q4	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-1754000	usd
CY2023Q3	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-14261000	usd
CY2022Q4	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	12732000	usd
CY2023Q3	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-1491000	usd
CY2022Q4	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-2771000	usd
CY2023Q3	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-961000	usd
CY2022Q4	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-2227000	usd
CY2023Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	5623000	usd
CY2022Q4	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-5837000	usd
CY2023Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	527000	usd
CY2022Q4	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2526000	usd
CY2023Q3	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	2249000	usd
CY2022Q4	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	0	usd
CY2023Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	1722000	usd
CY2022Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2526000	usd
CY2023Q3	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	491000	usd
CY2022Q4	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	usd
CY2023Q3	us-gaap	Repayments Of Medium Term Notes RepaymentsOfMediumTermNotes	707000	usd
CY2022Q4	us-gaap	Repayments Of Medium Term Notes RepaymentsOfMediumTermNotes	543000	usd
CY2023Q3	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	138320000	usd
CY2022Q4	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	151799000	usd
CY2023Q3	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	143170000	usd
CY2022Q4	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	141445000	usd
CY2023Q3	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	1326000	usd
CY2022Q4	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	1022000	usd
CY2023Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-7374000	usd
CY2022Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	8789000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-29000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	426000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	3603000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1707000	usd
CY2023Q3	us-gaap	Interest Paid Net InterestPaidNet	3042000	usd
CY2022Q4	us-gaap	Interest Paid Net InterestPaidNet	1894000	usd
CY2023Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1168000	usd
CY2022Q4	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	414000	usd
CY2023Q3	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	0	usd
CY2022Q4	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	4613000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	131068000	usd
CY2021Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	93000000	usd
CY2021Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	120000000	usd
CY2023Q3	us-gaap	Fiscal Period FiscalPeriod	<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s reporting period is a 52/53 week fiscal year ending on the Saturday closest to June 30. The three month periods ended September 30, 2023 and October 1, 2022, were both 13 week periods. Fiscal year 2024 will end on June 29, 2024, which is a 52 week year. Fiscal year 2023 which ended on July 1, 2023, was also a 52 week year.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Management’s Assessment of Liquidity</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Historically, we have financed operations and met our capital expenditure requirements primarily through cash flows provided by operations and borrowings under our credit facilities. We generated operating and net income of $3.3 million and $0.3 million respectively, during the 3-month period ended September 30, 2023, and have positive working capital of $194.6 million as of September 30, 2023. Due to the timing between the procurement of raw materials, production cycle and payment from our customers, we have relied on borrowings on our credit facilities and cash from operations to fund operations as the Company increased its revenues and during the first three months of fiscal year 2024. Based on current projections, we anticipate generating cash from operations as revenue is expected to remain flat during the second quarter of fiscal year 2024 and decreasing working capital requirements as existing backlog is manufactured and shipped.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of September 30, 2023, approximately $9.5 million was available under the asset-based revolving credit facility. We are also in discussions with multiple financial institutions to extend the borrowing capacity on our credit facility. If we are unable to meet projected operating results or extend our borrowing capacity, we may need to delay the purchase of raw materials or require our customers to fund inventory raw material costs ahead of production. Other options to increase our liquidity include factoring receivables or leveraging foreign owned assets for additional borrowing capacity. We believe that projected cash from operations, funds available under our asset-based revolving credit facility and additional financing options will be sufficient to meet our working and fixed capital requirements for at least the next 12 months.</span></div>
CY2023Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	3300000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	300000	usd
CY2023Q3	ktcc	Operating Working Capital OperatingWorkingCapital	194600000	usd
CY2023Q3	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	9500000	usd
CY2023Q3	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	ReclassificationsCertain prior period reclassifications were made to conform with the current period presentation.
CY2023Q3	us-gaap	Inventory Net InventoryNet	126800000	usd
CY2023Q3	us-gaap	Inventory Net InventoryNet	137900000	usd
CY2023Q3	us-gaap	Line Of Credit LineOfCredit	110500000	usd
CY2023Q3	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	300000	usd
CY2023Q3	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	9500000	usd
CY2020Q3	us-gaap	Long Term Debt Percentage Bearing Variable Interest Rate LongTermDebtPercentageBearingVariableInterestRate	0.0485
CY2020Q4	us-gaap	Long Term Debt Percentage Bearing Variable Interest Rate LongTermDebtPercentageBearingVariableInterestRate	0.0552
CY2023Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	2155000	usd
CY2023Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	2959000	usd
CY2023Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	1905000	usd
CY2023Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	111315000	usd
CY2023Q3	ktcc	Long Term Debt Maturities Repayments Of Principal After Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearThree	1367000	usd
CY2023Q3	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	119701000	usd
CY2023Q3	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	1026000	usd
CY2023Q3	us-gaap	Long Term Debt LongTermDebt	118675000	usd
CY2023Q3	us-gaap	Income Tax Reconciliation Repatriation Of Foreign Earnings IncomeTaxReconciliationRepatriationOfForeignEarnings	7800000	usd
CY2023Q3	ktcc	Estimated Federal And State Income Taxes And Potential Withholding Taxes EstimatedFederalAndStateIncomeTaxesAndPotentialWithholdingTaxes	800000	usd
CY2023Q3	us-gaap	Tax Credit Carryforward Amount TaxCreditCarryforwardAmount	10000000	usd
CY2023Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	3000000	usd
CY2023Q3	us-gaap	Deferred Tax Assets Tax Credit Carryforwards DeferredTaxAssetsTaxCreditCarryforwards	7000000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	335000	usd
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	1152000	usd
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10762000	shares
CY2022Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10762000	shares
CY2023Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	241000	shares
CY2022Q4	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	70000	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	11003000	shares
CY2022Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10832000	shares
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.03
CY2022Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.11
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.03
CY2022Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.11
CY2023Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	270000	shares
CY2022Q4	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	904000	shares
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1	P3Y
CY2023Q3	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod	P5Y
CY2023Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	300000	usd
CY2023Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P1Y5M15D
CY2023Q3	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	113000	usd
CY2023Q3	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	29000	usd
CY2023Q3	us-gaap	Insured Event Gain Loss InsuredEventGainLoss	400000	usd
CY2020Q3	us-gaap	Derivative Notional Amount DerivativeNotionalAmount	776500	usd
CY2023Q3	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	29925000	usd
CY2023Q3	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	129980000	usd
CY2023Q3	us-gaap	Contract With Customer Asset Reclassified To Receivable ContractWithCustomerAssetReclassifiedToReceivable	127002000	usd
CY2023Q3	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	32903000	usd
CY2023Q3	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	32903000	usd
CY2023Q3	us-gaap	Revenues Revenues	147763000	usd
CY2022Q4	us-gaap	Revenues Revenues	137263000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Discount Rate LesseeOperatingLeaseDiscountRate	0.042
CY2023Q3	us-gaap	Lease Cost LeaseCost	2644000	usd
CY2022Q4	us-gaap	Lease Cost LeaseCost	2456000	usd
CY2023Q3	us-gaap	Variable Lease Cost VariableLeaseCost	1547000	usd
CY2022Q4	us-gaap	Variable Lease Cost VariableLeaseCost	2221000	usd
CY2023Q3	us-gaap	Short Term Lease Cost ShortTermLeaseCost	1097000	usd
CY2022Q4	us-gaap	Short Term Lease Cost ShortTermLeaseCost	235000	usd
CY2023Q3	us-gaap	Lease Cost LeaseCost	2644000	usd
CY2022Q4	us-gaap	Lease Cost LeaseCost	2456000	usd
CY2023Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	15928000	usd
CY2023Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	15928000	usd
CY2023Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y6M7D
CY2023Q3	us-gaap	Lessee Operating Lease Discount Rate LesseeOperatingLeaseDiscountRate	0.042
CY2023Q3	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	5952000	usd
CY2023Q3	us-gaap	Finance Lease Liability FinanceLeaseLiability	4511000	usd
CY2023Q3	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P1Y7M20D
CY2023Q3	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.106
CY2023Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	5000000	usd
CY2023Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	10900000	usd
CY2023Q3	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	6000000	usd
CY2023Q3	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	1200000	usd
CY2023Q3	us-gaap	Operating Lease Payments OperatingLeasePayments	1528000	usd
CY2022Q4	us-gaap	Operating Lease Payments OperatingLeasePayments	1847000	usd
CY2023Q3	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	1326000	usd
CY2022Q4	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	1022000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	3895000	usd
CY2023Q3	us-gaap	Finance Lease Liability Payments Remainder Of Fiscal Year FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear	2552000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	4186000	usd
CY2023Q3	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	1909000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	3472000	usd
CY2023Q3	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	501000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	2536000	usd
CY2023Q3	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	0	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	1551000	usd
CY2023Q3	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	0	usd
CY2023Q3	ktcc	Lessee Operating Lease Liability To Be Paid Due After Year Four LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour	1689000	usd
CY2023Q3	ktcc	Finance Lease Liability To Be Paid Due After Year Four FinanceLeaseLiabilityToBePaidDueAfterYearFour	0	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	17329000	usd
CY2023Q3	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	4962000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	1401000	usd
CY2023Q3	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	451000	usd
CY2023Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	15928000	usd
CY2023Q3	us-gaap	Finance Lease Liability FinanceLeaseLiability	4511000	usd

Files In Submission

Name	View Source	Status
FilingSummary.xml	Edgar Link	unprocessable
ktcc-20230930_cal.xml	Edgar Link	unprocessable
R27.htm	Edgar Link	pending
0000719733-23-000047-index-headers.html	Edgar Link	pending
0000719733-23-000047-index.html	Edgar Link	pending
0000719733-23-000047.txt	Edgar Link	pending
0000719733-23-000047-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
ktcc-20230930.htm	Edgar Link	pending
ktcc-20230930.xsd	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
q12024exhibit311.htm	Edgar Link	pending
q12024exhibit312.htm	Edgar Link	pending
q12024exhibit321.htm	Edgar Link	pending
q12024exhibit322.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
ktcc-20230930_def.xml	Edgar Link	unprocessable
ktcc-20230930_lab.xml	Edgar Link	unprocessable
ktcc-20230930_pre.xml	Edgar Link	unprocessable
ktcc-20230930_htm.xml	Edgar Link	completed
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$KTCC
KEY TRONIC CORP Stock $ktcc

2023 Q4 Form 10-Q Financial Statement

#000071973323000047 Filed on November 09, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KTCC KEY TRONIC CORP Stock $ktcc

2023 Q4 Form 10-Q Financial Statement

#000071973323000047 Filed on November 09, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KTCC
KEY TRONIC CORP Stock $ktcc