KEY TRONIC CORP
For the period ended Dec 30, 2023. Filed Feb 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 30, 2023 · Filed Feb 8, 2024
KTCC$1.29-3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited, in thousands, except per share amounts)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| December 30, 2023 | December 31, 2022 | December 30, 2023 | December 31, 2022 | |
| Net sales | $145,417 | $123,708 | $293,180 | $260,971 |
| Cost of sales | 133,654 | 114,788 | 270,555 | 241,672 |
| Gross profit | 11,763 | 8,920 | 22,625 | 19,299 |
| Research, development and engineering expenses | 1,758 | 2,287 | 3,999 | 4,583 |
| Selling, general and administrative expenses | 6,057 | 5,735 | 11,841 | 11,391 |
| Gain on insurance proceeds, net of losses | — | (2,710) | (431) | (3,644) |
| Total operating expenses | 7,815 | 5,312 | 15,409 | 12,330 |
| Operating income | 3,948 | 3,608 | 7,216 | 6,969 |
| Interest expense, net | 2,961 | 2,507 | 5,972 | 4,394 |
| Income before income taxes | 987 | 1,101 | 1,244 | 2,575 |
| Income tax provision (benefit) | (97) | 134 | (175) | 456 |
| Net income | $1,084 | $967 | $1,419 | $2,119 |
| Net income per share — Basic | $0.10 | $0.09 | $0.13 | $0.20 |
| Weighted average shares outstanding — Basic | 10,762 | 10,762 | 10,762 | 10,762 |
| Net income per share — Diluted | $0.10 | $0.09 | $0.13 | $0.20 |
| Weighted average shares outstanding — Diluted | 10,889 | 10,832 | 10,889 | 10,832 |
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