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Key Tronic (KTCC) Stock Falls on Quarterly Earnings

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Key Tronic Corporation $KTCC reported quarterly revenue of $102 million, down 7.7% from a year earlier, while gross profit rose 16.6% to $7.9 million. The company’s cost of sales fell to $94.1 million, helping support the improvement in gross margin.

Despite the better gross profit, profitability remained under pressure. Operating loss narrowed to $3.6 million, but net loss widened sharply to $34.3 million, or -$3.16 per diluted share.

Cash generation was weak during the quarter, with operating cash flow at -$4.0 million. Key Tronic also recorded $2.8 million in property, plant and equipment purchases, while cash and cash equivalents ended at just $584,000.

The balance sheet showed higher leverage, with total liabilities reaching $230.6 million. Shares fell 15.8% after the release.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Key Tronic Corporation Hedge Fund Activity

We have seen 9 institutional investors add shares of Key Tronic Corporation stock to their portfolio, and 11 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

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