Kimball Electronics Stock Earnings Reports
Kimball Electronics Earnings Calls
Release date | May 06, 2025 |
EPS estimate | $0.260 |
EPS actual | $0.270 |
EPS Surprise | 3.85% |
Revenue estimate | 333.186M |
Revenue actual | 374.607M |
Revenue Surprise | 12.43% |
Release date | Feb 04, 2025 |
EPS estimate | $0.240 |
EPS actual | $0.290 |
EPS Surprise | 20.83% |
Revenue estimate | 368.952M |
Revenue actual | 357.392M |
Revenue Surprise | -3.13% |
Release date | Nov 04, 2024 |
EPS estimate | $0.220 |
EPS actual | $0.220 |
Revenue estimate | 374.82M |
Revenue actual | 374.256M |
Revenue Surprise | -0.150% |
Release date | Aug 13, 2024 |
EPS estimate | $0.440 |
EPS actual | $0.330 |
EPS Surprise | -25.00% |
Revenue estimate | 446.22M |
Revenue actual | 430.158M |
Revenue Surprise | -3.60% |
Last 4 Quarters for Kimball Electronics
Below you can see how KE performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Release date | Aug 13, 2024 |
Fiscal end date | Jun 30, 2024 |
Price on release | $20.44 |
EPS estimate | $0.440 |
EPS actual | $0.330 |
EPS surprise | -25.00% |
Date | Price |
---|---|
Aug 07, 2024 | $20.17 |
Aug 08, 2024 | $20.50 |
Aug 09, 2024 | $20.35 |
Aug 12, 2024 | $20.00 |
Aug 13, 2024 | $20.44 |
Aug 14, 2024 | $18.28 |
Aug 15, 2024 | $17.83 |
Aug 16, 2024 | $18.41 |
Aug 19, 2024 | $18.25 |
4 days before | 1.34% |
4 days after | -10.71% |
On release day | -10.57% |
Change in period | -9.52% |
Release date | Nov 04, 2024 |
Fiscal end date | Sep 30, 2024 |
Price on release | $18.47 |
EPS estimate | $0.220 |
EPS actual | $0.220 |
Date | Price |
---|---|
Oct 29, 2024 | $18.26 |
Oct 30, 2024 | $18.19 |
Oct 31, 2024 | $17.79 |
Nov 01, 2024 | $18.15 |
Nov 04, 2024 | $18.47 |
Nov 05, 2024 | $19.57 |
Nov 06, 2024 | $21.18 |
Nov 07, 2024 | $20.89 |
Nov 08, 2024 | $20.77 |
4 days before | 1.15% |
4 days after | 12.45% |
On release day | 5.96% |
Change in period | 13.75% |
Release date | Feb 04, 2025 |
Fiscal end date | Dec 31, 2024 |
Price on release | $17.87 |
EPS estimate | $0.240 |
EPS actual | $0.290 |
EPS surprise | 20.83% |
Date | Price |
---|---|
Jan 29, 2025 | $18.30 |
Jan 30, 2025 | $18.11 |
Jan 31, 2025 | $18.18 |
Feb 03, 2025 | $17.53 |
Feb 04, 2025 | $17.87 |
Feb 05, 2025 | $18.00 |
Feb 06, 2025 | $17.41 |
Feb 07, 2025 | $16.82 |
Feb 10, 2025 | $16.55 |
4 days before | -2.35% |
4 days after | -7.39% |
On release day | 0.727% |
Change in period | -9.56% |
Release date | May 06, 2025 |
Fiscal end date | Mar 31, 2025 |
Price on release | $14.71 |
EPS estimate | $0.260 |
EPS actual | $0.270 |
EPS surprise | 3.85% |
Date | Price |
---|---|
Apr 30, 2025 | $14.34 |
May 01, 2025 | $14.55 |
May 02, 2025 | $14.92 |
May 05, 2025 | $14.67 |
May 06, 2025 | $14.71 |
May 07, 2025 | $18.38 |
May 08, 2025 | $18.29 |
May 09, 2025 | $18.24 |
May 12, 2025 | $18.63 |
4 days before | 2.58% |
4 days after | 26.65% |
On release day | 24.95% |
Change in period | 29.92% |
Kimball Electronics Earnings Call Transcript Summary of Q1 2025
Summary of Key Points from Kimball Electronics' Q1 Fiscal 2025 Earnings Call
1. Financial Performance:
- Net Sales: Reported at $374 million for Q1, a 15% decrease year-over-year (13% decrease excluding the AT&M business).
- Gross Margin: Fell to 6.3%, down 180 basis points from the prior year due to lower absorption from declining sales.
- Adjusted Operating Income: Reported at $12.6 million (3.4% of net sales) compared to $21 million (4.8% of net sales) in Q1 fiscal 2024.
- Adjusted Net Income: Decreased to $5.5 million ($0.22 per diluted share) from $12 million ($0.48 per diluted share) in the previous year.
- Debt Reduction: Nearly $50 million paid down, bringing total debt to a two-year low of $245.9 million.
2. Operational Changes:
- Facility Closure: Decision announced to close the Tampa manufacturing facility to streamline operations and improve efficiency. The closure is expected to incur $8 million to $11 million in exit costs and will be completed by Q1 of fiscal 2026.
- Inventory Management: Inventory levels reduced by $147 million (30% decrease year-over-year) to $335.3 million, with continued efforts to align inventory with market demand.
3. Market and Segment Insights:
- Automotive Segment: Net sales of $188 million (11% decline), impacted by reduced demand and overstocking; however, new braking programs are expected to launch in Q3.
- Medical Segment: Sales of $90 million (12% decline) mainly from Asia; optimistic about future opportunities with new supplier contracts and focus on higher-level assemblies.
- Industrial Segment: Net sales of $96 million (22% decline); expected recovery in climate control products and other sub-verticals will occur as demand rebounds.
4. Outlook and Guidance:
- Fiscal Year 2025 Guidance: Net sales expected between $1.44 billion to $1.54 billion with adjusted operating income of 4% to 4.5% of net sales.
- Future Predictions: Anticipated revenue decline in Q2 to be in line with Q1; however, margins are expected to improve as restructuring continues.
- Long-Term Focus: Continued emphasis on growth in core verticals, with strategies to capitalize on new market opportunities in medical, automotive, and industrial sectors.
5. Shareholder Value:
- Share Repurchase: $2.9 million spent to repurchase 160,000 shares; a total of $94.7 million returned under the buyback program since 2015, with $5.3 million remaining.
Conclusion
Investors should note Kimball Electronics' current restructuring efforts, strategic focus on core business segments, and proactive cash flow management as indicators of resilience amidst a challenging operating environment. The company's efforts to streamline operations and manage inventory effectively position it for potential growth as demand stabilizes.