Kimball Electronics Earnings Calls

Q1 2025 Beat
$0.270 (3.85%)
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%
Q4 2024 Beat
$0.290 (20.83%)
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%
Q3 2024
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%
Q2 2024 Missed
$0.330 (-25.00%)
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.

Q2 2024 Missed
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%
Q3 2024
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%
Q4 2024 Beat
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%
Q1 2025 Beat
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.

Kimball Electronics Earnings History

Earnings Calendar

FAQ

When is the earnings report for KE?
Kimball Electronics (KE) has scheduled its earnings report for Aug 12, 2025 after the markets close.

What is the KE price-to-earnings (P/E) ratio?
KE P/E ratio as of May 16, 2025 (TTM) is 25.06.

What is the KE EPS forecast?
The forecasted EPS (Earnings Per Share) for Kimball Electronics (KE) for the first fiscal quarter 2025 is $0.200.

What are Kimball Electronics's retained earnings?
On its balance sheet, Kimball Electronics reported retained earnings of $374.61 million for the latest quarter ending Mar 31, 2025.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT KIMBALL ELECTRONICS
Kimball Electronics
Kimball Electronics, Inc. provides contract electronics manufacturing services and diversified manufacturing services to customers in the automotive, medical, industrial, and public safety end markets. The company's manufacturing services include design services and support, supply chain services and support, and rapid prototyping and product introduction support services, as well as product design, and process validation and qualification servic...
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