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Key Tronic Stock Price, News & Analysis

KTCC NASDAQ

Company Description

Overview of Key Tronic Corporation

Key Tronic Corporation (KTCC) is a comprehensive contract manufacturing enterprise offering integrated electronic manufacturing services (EMS) and value-added design engineering. Operating from multiple strategic locations including the United States, Mexico, China, and Vietnam, the company seamlessly combines high-end printed circuit board (PCB) assembly, precision plastic molding, and complete product assembly under one roof. Its diverse service portfolio is tailored for original equipment manufacturers (OEMs) in consumer, commercial, and industrial markets, making it a significant player in the evolving electronics manufacturing landscape.

Core Business and Services

At its core, Key Tronic excels as a value-added contract manufacturer. The company offers a broad spectrum of services that include:

  • Electronic Manufacturing Services (EMS): Integrated solutions that range from initial design and engineering to materials management, logistics, and final product assembly.
  • PCB Assembly: World-class printed circuit board assembly leveraging advanced technology and skilled workmanship to support high-reliability applications.
  • Precision Plastic Molding and Sheet Metal Fabrication: Specialized manufacturing capabilities that provide structural and aesthetic solutions essential to diverse end-product applications.
  • Full Product Assembly and In-House Testing: Comprehensive services that ensure quality control and efficient production cycles, supporting both simple gadgets and complex industrial devices.
  • Engineering Services and Component Sourcing: Full-scale engineering support, material procurement, and logistics ensuring that production is both agile and cost-effective.

Manufacturing Infrastructure and Global Operations

Key Tronic’s strategic manufacturing footprint is a key differentiator. With primary facilities in the United States and Mexico, supplemented by high-capacity operations in China and Vietnam, the company offers the cost benefits typically associated with larger organizations while retaining the flexibility and responsiveness of a mid-size firm. This multi-location strategy allows the firm to effectively manage low to medium volume orders while maintaining the rigorous quality standards demanded by leading OEMs.

Industry Position and Competitive Landscape

The company occupies a unique niche in the electronics manufacturing sector by balancing operational scalability with comprehensive service offerings. Its ability to perform sophisticated PCB assembly alongside precision plastic molding and complete product assembly gives it a competitive edge over manufacturers that offer only fragmented services. Key Tronic’s business model is designed to serve OEMs that require personalized attention and flexible manufacturing solutions, which is less common among larger organizations focused on high-volume production.

Operational Excellence and Quality Assurance

Quality and operational excellence are foundational to Key Tronic’s longstanding market reputation. The company has developed rigorous internal testing and quality control systems that ensure each product meets stringent industry standards. This attention to quality spans every phase of the manufacturing process, from initial engineering assessments to final in-house testing. The commitment to maintaining a high degree of service and operational integrity is further evidenced by the company’s proactive response to challenges, such as deploying enhanced IT infrastructure and cybersecurity measures to protect critical operations.

Innovation in Manufacturing Capabilities

Key Tronic continuously evolves by integrating advanced manufacturing techniques with flexible production capabilities. The incorporation of off-shore world-class PCB assembly facilities with in-house precision plastic molding and full product assembly illustrates a well-thought-out strategy that bridges technical innovation with cost efficiency. This integration not only supports the company’s core operations but also enables it to adapt to changing market requirements and customer-specific demands. The technical expertise deployed and the depth of engineering support provided to OEM customers reinforces Key Tronic’s position as a partner that facilitates product innovation and streamlined production cycles.

Customer Focus and Business Model Nuances

The company’s focus on midsize programs allows it to deliver an unmatched level of customer service and flexibility. By addressing both simple consumer devices and complex high-end electromechanical products, Key Tronic demonstrates its capability to manage diverse manufacturing needs with precision. This aspect of its business model is particularly compelling in a market where many contract manufacturers are forced to choose between either low-volume flexibility or high-volume economies of scale. Key Tronic’s balanced approach addresses the pain points of companies seeking agile production environments without compromising on cost competitiveness and quality.

Resilience and Strategic Adjustments

In recent operational narratives, Key Tronic has demonstrated resilience through the strategic allocation of resources to safeguard its manufacturing operations and support continuous improvement. The company has refined its cost structures through targeted workforce adjustments and by leveraging favorable currency dynamics, all while maintaining its commitment to service excellence. Such strategic adjustments provide deeper insight into the company's operational efficiency and its capacity to mitigate risks associated with external disruptions such as cybersecurity incidents.

Conclusion

Overall, Key Tronic Corporation is a multifaceted contract manufacturer that combines world-class electronic manufacturing services with a highly responsive and flexible production model. It stands as a testament to effective integration of specialized engineering, precision assembly, and global operational strategy. With an unwavering commitment to quality, innovation, and customer service, Key Tronic provides a robust foundation for OEMs seeking comprehensive manufacturing solutions in an increasingly competitive and technologically advanced market.

Stock Performance

$2.55
-0.23%
0.01
Last updated: April 24, 2025 at 15:59
-44.47 %
Performance 1 year
$27.3M
Market Cap
10.8M
Shares outstanding

SEC Filings

No SEC filings available for Key Tronic.

Financial Highlights

$113,853,000
Revenue (TTM)
-$4,914,000
Net Income (TTM)
-$0.46
Diluted EPS (TTM)
$1,590,000
Operating Cash Flow
-4.32%
Net Profit Margin
-0.98%
Oper. Profit Margin

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Frequently Asked Questions

What is the current stock price of Key Tronic (KTCC)?

The current stock price of Key Tronic (KTCC) is $2.56 as of April 24, 2025.

What is the market cap of Key Tronic (KTCC)?

The market cap of Key Tronic (KTCC) is approximately 27.3M.

What is the revenue (TTM) of Key Tronic (KTCC) stock?

The trailing twelve months (TTM) revenue of Key Tronic (KTCC) is $113,853,000.

What is the net income of Key Tronic (KTCC)?

The trailing twelve months (TTM) net income of Key Tronic (KTCC) is -$4,914,000.

What is the earnings per share (EPS) of Key Tronic (KTCC)?

The diluted earnings per share (EPS) of Key Tronic (KTCC) is -$0.46 on a trailing twelve months (TTM) basis.

What is the operating cash flow of Key Tronic (KTCC)?

The operating cash flow of Key Tronic (KTCC) is $1,590,000.

What is the profit margin of Key Tronic (KTCC)?

The net profit margin of Key Tronic (KTCC) is -4.32%.

What is the operating margin of Key Tronic (KTCC)?

The operating profit margin of Key Tronic (KTCC) is -0.98%.

What is the gross margin of Key Tronic (KTCC)?

The gross profit margin of Key Tronic (KTCC) is 6.77%.

What is the current ratio of Key Tronic (KTCC)?

The current ratio of Key Tronic (KTCC) is 2.78, indicating the company's ability to pay short-term obligations.

What is the gross profit of Key Tronic (KTCC)?

The gross profit of Key Tronic (KTCC) is $7,706,000 on a trailing twelve months (TTM) basis.

What is the operating income of Key Tronic (KTCC)?

The operating income of Key Tronic (KTCC) is -$1,121,000.

What primary services does Key Tronic provide?

Key Tronic offers integrated electronic manufacturing services including PCB assembly, precision plastic molding, sheet metal fabrication, and full product assembly alongside engineering and sourcing support.

How does Key Tronic differentiate itself from other contract manufacturers?

The company differentiates itself through a unique combination of offshore world-class manufacturing capabilities and a flexible, mid-size operational model that allows for personalized service and agile production for low to medium volume orders.

In which regions does Key Tronic operate its manufacturing facilities?

Key Tronic operates from strategic locations in the United States, Mexico, China, and Vietnam, enabling it to capitalize on cost advantages while maintaining quality manufacturing and engineering services.

What industries and products does Key Tronic cater to?

The company serves a diverse range of industries including consumer electronics, industrial equipment, medical devices, and commercial electromechanical products, providing tailored manufacturing solutions for each segment.

How does Key Tronic ensure quality and efficiency in its manufacturing processes?

Quality is embedded in every stage of production through rigorous internal testing, integrated engineering reviews, and adherence to stringent quality control protocols across all of its manufacturing and assembly services.

What is the significance of Key Tronic's multi-location presence?

Its multi-location strategy offers clients flexibility, competitive cost benefits, and the ability to leverage diverse manufacturing strengths from different regions, ensuring a robust and reliable supply chain.

How does Key Tronic support its customers throughout the production process?

Key Tronic provides full-cycle support from design and engineering through to final assembly, including materials management, logistics, and in-house product testing, ensuring efficient and responsive service for OEM customers.

What challenges has Key Tronic faced and how has it responded?

The company has navigated challenges such as cybersecurity disruptions and market adjustments by investing in enhanced IT infrastructure, optimizing operational efficiencies, and refining cost structures to maintain service continuity.