Company profile

Ticker
KTCC
Exchange
CEO
Craig D. Gates
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
910849125

KTCC stock data

(
)

Calendar

6 May 20
7 Jul 20
29 Jun 21

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 111.46M 116.72M 105.29M 105.58M
Net income 910K 824K 1.55M 817K
Diluted EPS 0.08 0.08 0.14 0.08
Net profit margin 0.82% 0.71% 1.47% 0.77%
Operating income 1.76M 1.5M 2.54M 1.41M
Net change in cash 803K -5K -97K 436K
Cash on hand 1.3M 499K 504K 601K
Cost of revenue 102.21M 108.6M 96.01M 97.2M
Annual (USD) Jun 19 Jun 18 Jul 17 Jul 16
Revenue 464.04M 446.32M 467.8M 484.97M
Net income -7.98M -1.33M 5.62M 6.53M
Diluted EPS -0.74 -0.12 0.51 0.58
Net profit margin -1.72% -0.30% 1.20% 1.35%
Operating income -5.96M 1.11M 9.54M 10.42M
Net change in cash 258K -30K -645K 646K
Cash on hand 601K 343K 373K 1.02M
Cost of revenue 429.44M 412.15M 429.5M 446.14M

Financial data from Key Tronic earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
18 Mar 20 Brett R. Larsen Common Stock Discretionary Aquire I No 3.19 7,826 24.96K 20,448
18 Mar 20 David H. Knaggs Common Stock Discretionary Aquire I No 3.19 2,504 7.99K 4,378
18 Mar 20 Duane D Mackleit Common Stock Discretionary Aquire I No 3.19 13,893 44.32K 36,582
18 Mar 20 Philip Scott Hochberg Common Stock Discretionary Aquire I No 3.19 14,658 46.76K 43,328
13 Mar 20 David H. Knaggs Common Stock Discretionary Aquire I No 4.27 1,874 8K 1,874
48.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 34 36 -5.6%
Opened positions 3 4 -25.0%
Closed positions 5 3 +66.7%
Increased positions 8 5 +60.0%
Reduced positions 7 12 -41.7%
13F shares
Current Prev Q Change
Total value 18.27M 34.39M -46.9%
Total shares 5.18M 5.22M -0.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
MS Morgan Stanley 1.23M $3.58M +11.2%
Dimensional Fund Advisors 870.1K $2.53M -0.6%
Tieton Capital Management 839.91K $2.44M -13.2%
BEN Franklin Resources 471.7K $1.37M 0.0%
Vanguard 412.12K $1.2M 0.0%
Moors & Cabot 392.55K $1.14M -0.8%
Ancora Advisors 186.08K $541K -12.0%
Bridgeway Capital Management 135.23K $394K 0.0%
BAC Bank of America 124.65K $363K 0.0%
CWH Capital Management 68.2K $198K 0.0%
Largest transactions
Shares Bought/sold Change
Tieton Capital Management 839.91K -127.56K -13.2%
MS Morgan Stanley 1.23M +124.27K +11.2%
Marquette Asset Management 46.42K +46.42K NEW
LSV Asset Management 26.75K -43.85K -62.1%
Ancora Advisors 186.08K -25.49K -12.0%
Renaissance Technologies 0 -17.24K EXIT
Jacobs Levy Equity Management 14.01K +14.01K NEW
LTSH Ladenburg Thalmann Financial Services 0 -6.3K EXIT
Advisor 6.3K +6.3K NEW
Dimensional Fund Advisors 870.1K -5.56K -0.6%

Financial report summary

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Risks
  • We may experience fluctuations in quarterly results of operations.
  • We are exposed to general economic conditions, which could have a material adverse impact on our business, operating results and financial condition.
  • The majority of our sales come from a small number of customers and a decline in sales to any of these customers could adversely affect our business.
  • We depend on a limited number of suppliers for certain components that are critical to our manufacturing processes. A shortage of these components or an increase in their price could interrupt our operations and result in a significant change in our results of operations.
  • We operate in a highly competitive industry; if we are not able to compete effectively in the EMS industry, our business could be adversely affected.
  • Cash and cash equivalents are exposed to concentrations of credit risk.
  • Our ability to secure and maintain sufficient credit arrangements is key to our continued operations.
  • Our operations may be subject to certain risks.
  • Our success will continue to depend to a significant extent on our key personnel.
  • If we are unable to maintain our technological and manufacturing process expertise, our business could be adversely affected.
  • Start-up costs and inefficiencies related to new or transferred programs can adversely affect our operating results and such costs may not be recoverable if such new programs or transferred programs are canceled or don’t meet expected sales volumes.
  • Customers may change production timing and demand schedules which makes it difficult for us to schedule production and capital expenditures and to maximize the efficiency of our manufacturing capacity.
  • An adverse change in the interest rates for our borrowings could adversely affect our financial condition.
  • Compliance or the failure to comply with current and future environmental laws or regulations could cause us significant expense.
  • Our stock price is volatile.
  • Due to inherent limitations, there can be no assurance that our system of disclosure and internal controls and procedures will be successful in preventing all errors, theft and fraud, or in informing management of all material information in a timely manner.
  • If we do not manage our growth effectively, our profitability could decline.
  • If our manufacturing processes and services do not comply with applicable statutory and regulatory requirements, or if we manufacture products containing design or manufacturing defects, demand for our services may decline and we may be subject to liability claims.
  • Energy price increases may negatively impact our results of operations.
  • Disruptions to our information systems, including security breaches, losses of data or outages, could adversely affect our operations.
  • We are involved in various legal proceedings.
  • Our levels of insurance coverage may not be sufficient for potential damages, claims or losses.
  • Changes in securities laws and regulations will increase our costs and risk of noncompliance.
  • We may encounter complications with acquisitions, which could potentially harm our business.
  • Our identifiable intangible assets could become impaired, which could reduce the value of our assets and reduce net income in the year in which the write-off occurs.
  • Changes in financial accounting standards may affect our reported financial condition or results of operations as well increase costs related to implementation of new standards and modifications to internal controls.
Management Discussion
  • The increase in net sales of $17.7 million from prior year period was primarily driven by an increase in net sales from new program wins, an increase in revenue recognized related to the adoption of Accounting Standards Update 2014-09 Revenue from Contracts with Customers (Topic 606), as well as an increase in demand from current customers.
  • We provide services to customers in a number of industries and produce a variety of products for our customers in each industry. Key Tronic does not target any particular industry, but rather seeks to find programs that strategically fit our vertical manufacturing capabilities. As we continue to diversify our customer base and win new customers, we will continue to see a change in the industry concentrations of our revenue.
  • Sales to foreign locations represented 23.0 percent and 26.2 percent of our total net sales in fiscal years 2019 and 2018, respectively.
Content analysis ?
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Removed: adequate, immaterial, leverage