Latest news with #KimballElectronics
Yahoo
29-06-2025
- Business
- Yahoo
5 Must-Read Analyst Questions From Kimball Electronics's Q1 Earnings Call
Kimball Electronics' first quarter results drew a positive market reaction as the company delivered revenue above Wall Street expectations, despite a double-digit year-over-year sales decline. Management attributed the performance to a non-recurring consignment inventory sale in its Medical division and ongoing improvements in operating efficiency. CEO Ric Phillips emphasized, 'Sales in Q3 were in line with expectations and increased sequentially. Margins improved. We continue to generate cash from operating activities and the pay down of debt continued.' The company's progress in streamlining costs and reducing inventory also contributed to the quarter's outperformance. Is now the time to buy KE? Find out in our full research report (it's free). Revenue: $374.6 million vs analyst estimates of $338.1 million (11.9% year-on-year decline, 10.8% beat) Adjusted EPS: $0.27 vs analyst estimates of $0.19 (42.1% beat) Adjusted EBITDA: $24.56 million vs analyst estimates of $20.5 million (6.6% margin, 19.8% beat) The company reconfirmed its revenue guidance for the full year of $1.42 billion at the midpoint Operating Margin: 3.7%, in line with the same quarter last year Market Capitalization: $471.3 million While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Mike Crawford (B. Riley Securities) asked about the cost implications and timeline of the new Indianapolis facility. CFO Jana Croom explained the lease structure delays expenses until the facility is operational, minimizing short-term financial impact. Jaeson Schmidt (Lake Street Capital) inquired whether orders were pulled ahead due to tariffs and about expense trends for the year. CEO Ric Phillips said no strong evidence of order pull-forward was seen, while Croom noted that selling and administrative expenses are unusually low and will rise as growth investments resume. Derek Soderberg (Cantor Fitzgerald) questioned gross margin sustainability and the rationale for medical facility expansion. Croom clarified that margins should resemble the latest quarter, while Phillips described the move as essential for attracting new medical business and supporting inorganic growth. Anja Soderstrom (Sidoti & Company) asked about the impact of program transitions and facility closures on gross margin and when normalization is expected. COO Steve Korn said Tampa's closure should benefit margins, while the Indianapolis move will have limited near-term impact. Hendi Susanto (Gabelli Funds) focused on automotive business composition in China, industrial segment recovery, and inventory trends. Korn detailed high exposure to steering systems in China and cited stabilization in climate control, but limited recovery prospects for smart meters. In the quarters ahead, the StockStory team will be watching (1) the pace of ramp-up at the new Indianapolis medical facility and its contribution to sales mix, (2) progress in Automotive and Industrial as new programs offset legacy declines, and (3) the company's ability to maintain cost discipline and further reduce inventory days. Additional attention will be paid to any shifts in tariff policy and how management adapts manufacturing and supply chain operations in response. Kimball Electronics currently trades at $19.33, up from $14.73 just before the earnings. Is the company at an inflection point that warrants a buy or sell? The answer lies in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Thermon (THR) Reports Earnings Tomorrow: What To Expect
Industrial process heating solutions provider Thermon (NYSE:THR) will be reporting earnings tomorrow before the bell. Here's what investors should know. Thermon missed analysts' revenue expectations by 3.3% last quarter, reporting revenues of $134.4 million, down 1.5% year on year. It was a slower quarter for the company, with full-year EBITDA guidance meeting analysts' expectations and EBITDA in line with analysts' estimates. Is Thermon a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Thermon's revenue to grow 4.7% year on year to $133.6 million, in line with the 4.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.51 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Thermon has missed Wall Street's revenue estimates three times over the last two years. Looking at Thermon's peers in the electrical systems segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Kimball Electronics's revenues decreased 11.9% year on year, beating analysts' expectations by 10.8%, and Allegion reported revenues up 5.4%, topping estimates by 2%. Kimball Electronics traded up 25.1% following the results while Allegion was also up 7.9%. Read our full analysis of Kimball Electronics's results here and Allegion's results here. There has been positive sentiment among investors in the electrical systems segment, with share prices up 17.2% on average over the last month. Thermon is up 18.7% during the same time and is heading into earnings with an average analyst price target of $36.50 (compared to the current share price of $29.70). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
Kimball Electronics (NASDAQ:KE) Reports Bullish Q1
Global electronics contract manufacturer Kimball Electronics (NYSE:KE) reported revenue ahead of Wall Street's expectations in Q1 CY2025, but sales fell by 11.9% year on year to $374.6 million. The company expects the full year's revenue to be around $1.42 billion, close to analysts' estimates. Its non-GAAP profit of $0.27 per share was 42.1% above analysts' consensus estimates. Is now the time to buy Kimball Electronics? Find out in our full research report. Kimball Electronics (KE) Q1 CY2025 Highlights: Revenue: $374.6 million vs analyst estimates of $338.1 million (11.9% year-on-year decline, 10.8% beat) Adjusted EPS: $0.27 vs analyst estimates of $0.19 (42.1% beat) The company reconfirmed its revenue guidance for the full year of $1.42 billion at the midpoint Operating Margin: 3.1%, down from 4.1% in the same quarter last year Free Cash Flow Margin: 28.3%, up from 7.1% in the same quarter last year Market Capitalization: $360.2 million Company Overview Founded in 1961, Kimball Electronics (NYSE:KE) is a global contract manufacturer specializing in electronics and manufacturing solutions for automotive, medical, and industrial markets. Sales Growth A company's long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last five years, Kimball Electronics grew its sales at a sluggish 4.5% compounded annual growth rate. This fell short of our benchmark for the industrials sector and is a rough starting point for our analysis. Kimball Electronics Quarterly Revenue Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Kimball Electronics's performance shows it grew in the past but relinquished its gains over the last two years, as its revenue fell by 5% annually. Kimball Electronics isn't alone in its struggles as the Electrical Systems industry experienced a cyclical downturn, with many similar businesses observing lower sales at this time. Kimball Electronics Year-On-Year Revenue Growth This quarter, Kimball Electronics's revenue fell by 11.9% year on year to $374.6 million but beat Wall Street's estimates by 10.8%. Looking ahead, sell-side analysts expect revenue to decline by 8.2% over the next 12 months, a deceleration versus the last two years. This projection doesn't excite us and indicates its products and services will see some demand headwinds. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend.
Business Wire
06-05-2025
- Business
- Business Wire
Kimball Electronics Reports Q3 Results and Reiterates Guidance for Fiscal 2025 With Sales and Operating Income Expected at High-End of Range; Company Adds New Facility to Support Strategy to Drive Growth in the Medical CMO
- Third Quarter Fiscal 2025 Highlights Net sales totaled $374.6 million Operating income of $11.7 million, or 3.1% of net sales, adjusted operating income of 4.2% Inventory of $296.6 million, a reduction of $9.6 million from Q2 Cash generated by operating activities of $30.9 million, the fifth consecutive quarter of positive cash flow Borrowings on credit facilities of $178.8 million, a $26.2 million decrease from the second quarter, and down $116 million, or 40%, in the fiscal year Kimball Electronics reports Q3 results and reiterates guidance for fiscal 2025 with sales and operating income expected at high-end of range; company adds new facility to support strategy to drive growth in the medical CMO JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) today announced financial results for the third quarter ended March 31, 2025. Kimball Electronics reports Q3 results and reiterates guidance for fiscal 2025 with sales and operating income expected at high-end of range; company adds new facility to support strategy to drive growth in the medical CMO Share Three Months Ended Nine Months Ended March 31, March 31, (Amounts in Thousands, except EPS) 2025 2024 2025 2024 Net Sales $ 374,607 $ 425,036 $ 1,106,255 $ 1,284,352 Operating Income $ 11,716 $ (6,431 ) $ 29,061 $ 29,669 Adjusted Operating Income (non-GAAP) (1) $ 15,706 $ 18,733 $ 41,629 $ 58,802 Operating Income % 3.1 % (1.5 )% 2.6 % 2.3 % Adjusted Operating Income (non-GAAP) % 4.2 % 4.4 % 3.8 % 4.6 % Net Income $ 3,817 $ (6,076 ) $ 10,403 $ 12,968 Adjusted Net Income (non-GAAP) (1) $ 6,837 $ 9,786 $ 19,718 $ 31,607 Diluted EPS $ 0.15 $ (0.24 ) $ 0.41 $ 0.51 Adjusted Diluted EPS (non-GAAP) (1) $ 0.27 $ 0.39 $ 0.79 $ 1.25 Expand (1) Beginning in the first quarter of fiscal year 2025, adjusted results exclude stock compensation expense. Prior reported periods have been revised accordingly. A reconciliation of GAAP and non-GAAP financial measures is included below. Expand Commenting on today's announcement, Richard D. Phillips, Chief Executive Officer, stated, 'I'm proud of the results for the third quarter and our team's ability to navigate an environment of uncertainty, while focusing on what is controllable. Sales in Q3 were in line with expectations, margins improved sequentially, cash generated from operating activities was positive for the fifth consecutive quarter, and the paydown of debt continued with borrowings now 45% lower than peak levels. We have ample liquidity to weather short-term unpredictability and significant dry powder to opportunistically invest in the business.' Mr. Phillips continued, 'As part of today's release, we are reiterating our guidance for fiscal 2025 with an expectation of sales and operating income at the high-end of the range, as well as, announcing the addition of a new manufacturing facility in Indianapolis focused on the medical industry. This is another step of repositioning the Company for a return to growth and expanding our medical CMO strategy.' The Company ended the third quarter of fiscal 2025 with cash and cash equivalents of $51.4 million and borrowing capacity available of $253.2 million. Capital expenditures were $4.0 million, and the company invested $3.0 million to repurchase 175,000 shares of common stock. Net Sales by Vertical Market for Q3 Fiscal 2025: Three Months Ended Nine Months Ended March 31, March 31, (Amounts in Millions) 2025 * 2024 * Percent Change 2025 * 2024 * Percent Change Automotive $ 173.1 46 % $ 202.0 47 % (14 )% $ 554.3 50 % $ 614.7 48 % (10 )% Medical 115.2 31 % 113.0 27 % 2 % 288.9 26 % 323.5 25 % (11 )% Industrial excluding AT&M (1) 86.3 23 % 101.9 24 % (15 )% 261.0 24 % 315.3 25 % (17 )% Net Sales excluding AT&M (1) $ 374.6 100 % $ 416.9 98 % (10 )% $ 1,104.2 100 % $ 1,253.5 98 % (12 )% AT&M (1) — — % 8.1 2 % (100 )% 2.1 — % 30.9 2 % (93 )% Total Net Sales $ 374.6 100 % $ 425.0 100 % (12 )% $ 1,106.3 100 % $ 1,284.4 100 % (14 )% * As a percent of Total Net Sales (1) Sales from our Automation, Test, and Measurement business (AT&M), which was divested effective July 31, 2024, were previously included in the Industrial vertical – Automotive includes electronic power steering, body controls, automated driver assist systems, and electronic braking systems – Medical includes sleep therapy and respiratory care, image guided therapy, in vitro diagnostics, drug delivery, AED, and patient monitoring – Industrial includes climate controls, automation controls, and public safety Expand Company Guidance for Fiscal Year 2025 The Company expects to be at the high-end of its guidance range for both net sales and adjusted operating income. The range for net sales is $1.40 - $1.44 billion, while the range for adjusted operating income (a) is 3.4% - 3.6% of net sales. Capital expenditures are estimated to be at the low-end of the guidance range of $40 - $50 million. (a) Fiscal year 2025 guidance reflects a change in our adjusted operating income calculation beginning in fiscal year 2025, which excludes stock compensation expense. This change better aligns our presentation with others in our industry. A reconciliation of GAAP and non-GAAP financial measures is included below. Expand Forward-Looking Statements Certain statements contained within this release are considered forward-looking, including our guidance, under the Private Securities Litigation Reform Act of 1995. The statements may be identified by the use of words such as 'expect,' 'should,' 'goal,' 'predict,' 'will,' 'future,' 'optimistic,' 'confident,' and 'believe.' Undue reliance should not be placed on these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from our expectations and projections. These forward-looking statements are subject to risks and uncertainties including, without limitation, global economic conditions, geopolitical environment and conflicts such as the war in Ukraine, global health emergencies, availability or cost of raw materials and components, tariffs and other trade barriers, foreign exchange rate fluctuations, and our ability to convert new business opportunities into customers and revenue. Additional cautionary statements regarding other risk factors that could have an effect on the future performance of the company are contained in its Annual Report on Form 10-K for the year ended June 30, 2024. Non-GAAP Financial Measures This press release contains non-GAAP financial measures. The non-GAAP financial measures contained herein include constant currency growth, net sales excluding Automation, Test & Measurement, adjusted selling and administrative expenses, adjusted operating income, adjusted net income, adjusted diluted EPS, and ROIC. Reconciliations of the reported GAAP numbers to these non-GAAP financial measures are included in the Reconciliation of Non-GAAP Financial Measures section below. Management believes these measures are useful and allow investors to meaningfully trend, analyze, and benchmark the performance of the company's core operations. The company's non-GAAP financial measures are not necessarily comparable to non-GAAP information used by other companies. About Kimball Electronics, Inc. Kimball Electronics is a global, multifaceted manufacturer offering Electronics Manufacturing Services (EMS) and Contract Manufacturing Organization (CMO) solutions to customers around the world. From our operations in the United States, China, Mexico, Poland, Romania, and Thailand, our teams are proud to provide manufacturing services for a variety of industries. Recognized for a reputation of excellence, we are committed to a high-performance culture that values quality, reliability, value, speed, and ethical behavior. Kimball Electronics, Inc. (Nasdaq: KE) is headquartered in Jasper, Indiana. To learn more about Kimball Electronics, visit Lasting relationships. Global success. Financial highlights for the third quarter and year-to-date period ended March 31, 2025 are as follows: Condensed Consolidated Statements of Income (Unaudited) Three Months Ended (Amounts in Thousands, except Per Share Data) March 31, 2025 March 31, 2024 Net Sales $ 374,607 100.0 % $ 425,036 100.0 % Cost of Sales 347,711 92.8 % 391,492 92.1 % Gross Profit 26,896 7.2 % 33,544 7.9 % Selling and Administrative Expenses 13,154 3.6 % 16,861 3.9 % Other General Expense (Income) — — % (892 ) (0.2 )% Restructuring Expense 2,026 0.5 % 1,622 0.4 % Goodwill Impairment — — % 5,820 1.4 % Asset Impairment (Gain on Disposal) — — % 16,564 3.9 % Operating Income 11,716 3.1 % (6,431 ) (1.5 )% Interest Income 100 — % 83 — % Interest Expense (2,936 ) (0.8 )% (5,875 ) (1.4 )% Non-Operating Income (Expense), net (1,726 ) (0.4 )% (530 ) (0.1 )% Other Income (Expense), net (4,562 ) (1.2 )% (6,322 ) (1.5 )% Income Before Taxes on Income 7,154 1.9 % (12,753 ) (3.0 )% Provision (Benefit) for Income Taxes 3,337 0.9 % (6,677 ) (1.6 )% Net Income (Loss) $ 3,817 1.0 % $ (6,076 ) (1.4 )% Earnings Per Share of Common Stock: Basic $ 0.15 $ (0.24 ) Diluted $ 0.15 $ (0.24 ) Average Number of Shares Outstanding: Basic 24,728 25,118 Diluted 24,872 25,118 Expand (Unaudited) Nine Months Ended (Amounts in Thousands, except Per Share Data) March 31, 2025 March 31, 2024 Net Sales $ 1,106,255 100.0 % $ 1,284,352 100.0 % Cost of Sales 1,032,332 93.3 % 1,180,833 91.9 % Gross Profit 73,923 6.7 % 103,519 8.1 % Selling and Administrative Expenses 37,107 3.4 % 50,736 4.0 % Other General Expense (Income) — — % (892 ) (0.1 )% Restructuring Expense 9,019 0.8 % 1,622 0.1 % Goodwill Impairment — — % 5,820 0.5 % Asset Impairment (Gain on Disposal) (1,264 ) (0.1 )% 16,564 1.3 % Operating Income 29,061 2.6 % 29,669 2.3 % Interest Income 575 0.1 % 483 — % Interest Expense (11,969 ) (1.1 )% (17,459 ) (1.4 )% Non-Operating Income (Expense), net (4,155 ) (0.4 )% (959 ) — % Other Income (Expense), net (15,549 ) (1.4 )% (17,935 ) (1.4 )% Income Before Taxes on Income 13,512 1.2 % 11,734 0.9 % Provision (Benefit) for Income Taxes 3,109 0.3 % (1,234 ) (0.1 )% Net Income $ 10,403 0.9 % $ 12,968 1.0 % Earnings Per Share of Common Stock: Basic $ 0.42 $ 0.52 Diluted $ 0.41 $ 0.51 Average Number of Shares Outstanding: Basic 24,859 25,084 Diluted 25,047 25,263 Expand Condensed Consolidated Statements of Cash Flows Nine Months Ended (Unaudited) March 31, (Amounts in Thousands) 2025 2024 Net Cash Flow provided by Operating Activities $ 105,870 $ 24,717 Net Cash Flow used for Investing Activities (5,160 ) (37,702 ) Net Cash Flow (used for) provided by Financing Activities (126,615 ) 36,571 Effect of Exchange Rate Change on Cash, Cash Equivalents, and Restricted Cash 13 (113 ) Net (Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash (25,892 ) 23,473 Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 78,779 43,864 Cash, Cash Equivalents, and Restricted Cash at End of Period $ 52,887 $ 67,337 Expand (Unaudited) Condensed Consolidated Balance Sheets March 31, 2025 June 30, 2024 (Amounts in Thousands) ASSETS Cash and cash equivalents $ 51,377 $ 77,965 Receivables, net 251,138 282,336 Contract assets 78,378 76,320 Inventories 296,602 338,116 Prepaid expenses and other current assets 29,808 44,682 Assets held for sale — 27,587 Property and Equipment, net 268,351 269,659 Goodwill 6,191 6,191 Other Intangible Assets, net 2,601 2,994 Other Assets, net 90,109 82,069 Total Assets $ 1,074,555 $ 1,207,919 LIABILITIES AND SHARE OWNERS ' EQUITY Current portion of long-term debt $ 28,900 $ 59,837 Accounts payable 215,430 213,551 Advances from customers 39,676 30,151 Accrued expenses 46,951 63,189 Liabilities held for sale — 8,594 Long-term debt, less current portion 149,376 235,000 Long-term income taxes payable — 3,255 Other long-term liabilities 46,107 53,881 Share Owners' Equity 548,115 540,461 Total Liabilities and Share Owners' Equity $ 1,074,555 $ 1,207,919 Expand Other Financial Metrics (Unaudited) (Amounts in Millions, except CCD) At or For the Three Months Ended March 31, December 31, March 31, 2025 2024 2024 Depreciation and Amortization $ 9.2 $ 9.1 $ 10.5 Cash Conversion Days (CCD) (1) 99 107 110 Open Orders (2) $ 642 $ 564 $ 831 Expand (1) Cash Conversion Days ('CCD') are calculated as the sum of Days Sales Outstanding plus Contract Asset Days plus Production Days Supply on Hand less Accounts Payable Days and less Advances from Customers Days. CCD, or a similar metric, is used in our industry and by our management to measure the efficiency of managing working capital. (2) Open Orders are the aggregate sales price of production pursuant to unfulfilled customer orders. Our declining open orders are primarily due to the cancellation of a major automotive program and other demand reductions, as well as reduced lead times on customer orders as compared to March 31, 2024, when parts were more constrained. Expand Select Financial Results of Automation, Test and Measurement (Unaudited) (Amounts in Millions) Three Months Ended Nine Months Ended March 31, March 31, 2025 2024 2025 2024 Net Sales $ — $ 8.1 $ 2.1 $ 30.9 Operating Income (Loss) (1) $ — $ (25.4 ) $ 0.8 $ (24.3 ) Expand (1) Includes gain on sale of $1.3 million following the close of the sale on July 31, 2024 for the nine months ended March 31, 2025. Includes goodwill impairment of $5.8 million and asset impairment of $16.6 million for the three and nine months ended March 31, 2024. Each period also includes allocated corporate overhead expenses. Expand Reconciliation of Non-GAAP Financial Measures (Unaudited, Amounts in Thousands, except Per Share Data) Three Months Ended Nine Months Ended March 31, March 31, 2025 2024 2025 2024 Net Sales Growth (vs. same period in prior year) (12 )% (12 )% (14 )% (3 )% Foreign Currency Exchange Impact (1 )% — % — % — % Constant Currency Growth (11 )% (12 )% (14 )% (3 )% Selling and Administrative Expenses, as reported $ 13,154 $ 16,861 $ 37,107 $ 50,736 Stock Compensation Expense (1,955 ) (1,773 ) (4,528 ) (5,435 ) SERP (9 ) (277 ) (285 ) (584 ) Adjusted Selling and Administrative Expenses $ 11,190 $ 14,811 $ 32,294 $ 44,717 Operating Income (Loss), as reported $ 11,716 $ (6,431 ) $ 29,061 $ 29,669 Stock Compensation Expense 1,955 1,773 4,528 5,435 SERP 9 277 285 584 Legal Settlements (Recovery) — (892 ) — (892 ) Restructuring Expense 2,026 1,622 9,019 1,622 Goodwill Impairment — 5,820 — 5,820 Asset Impairment (Gain on Disposal) — 16,564 (1,264 ) 16,564 Adjusted Operating Income $ 15,706 $ 18,733 $ 41,629 $ 58,802 Net Income (Loss), as reported $ 3,817 $ (6,076 ) $ 10,403 $ 12,968 Stock Compensation Expense, After-Tax 1,483 1,345 3,434 4,122 Legal Settlements (Recovery), After-Tax — (676 ) — (676 ) Restructuring Expense, After-Tax 1,537 1,230 6,840 1,230 Goodwill Impairment, After-Tax — 4,414 — 4,414 Asset Impairment (Gain on Disposal), After-Tax — 9,549 (959 ) 9,549 Adjusted Net Income $ 6,837 $ 9,786 $ 19,718 $ 31,607 Diluted Earnings per Share, as reported $ 0.15 $ (0.24 ) $ 0.41 $ 0.51 Stock Compensation Expense 0.06 0.05 0.14 0.16 Legal Settlements (Recovery) — (0.03 ) — (0.03 ) Restructuring Expense 0.06 0.05 0.27 0.05 Goodwill Impairment — 0.18 — 0.18 Asset Impairment (Gain on Disposal) — 0.38 (0.03 ) 0.38 Adjusted Diluted Earnings per Share $ 0.27 $ 0.39 $ 0.79 $ 1.25 Twelve Months Ended March 31, 2025 2024 Operating Income $ 48,669 $ 61,118 Goodwill Impairment — 5,820 SERP 381 827 Restructuring Expense 9,783 1,622 Asset Impairment (Gain on Disposal) (788 ) 16,564 Legal Settlements (Recovery) — (1,104 ) Stock Compensation Expense 6,278 6,992 Adjusted Operating Income (non-GAAP) $ 64,323 $ 91,839 Tax Effect 20,174 21,698 After-tax Adjusted Operating Income $ 44,149 $ 70,141 Average Invested Capital (1) $ 726,208 $ 783,059 ROIC 6.1 % 9.0 % Expand (1) Average invested capital is computed using Share Owners' equity plus current and non-current debt less cash and cash equivalents averaged for the last five quarters. Expand Contacts Andrew D. Regrut Treasurer and Investor Relations Officer 812.827.4151 Industry: Engineering Other Manufacturing Manufacturing More News From Kimball Electronics, Inc. Get RSS Feed Kimball Electronics, Inc. Announces Date For Reporting Third Quarter Fiscal Year 2025 Financial Results JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) today announced that it will report third quarter fiscal year 2025 financial results on Tuesday, May 6, 2025, after the closing of the market. The company will host a conference call and live webcast to review the results on Wednesday, May 7, 2025, at 10:00 a.m. Eastern Time. The telephone number to access the conference call is 877-407-8293 / +1 201-689-8349. A live webcast of the conference call can be accessed at investors... Kimball Electronics Reports Q2 Results, Company Updates Outlook for Fiscal Year 2025 JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) today announced financial results for the second quarter ended December 31, 2024. Three Months Ended Six Months Ended December 31, December 31, (Amounts in Thousands, except EPS) 2024 2023 2024 2023 Net Sales $ 357,392 $ 421,235 $ 731,648 $ 859,316 Operating Income $ 8,230 $ 16,610 $ 17,345 $ 36,100 Adjusted Operating Income (non-GAAP) (1) $ 13,333 $ 19,063 $ 25,923 $ 40,0... Kimball Electronics, Inc. NASDAQ:KE Release Versions English Contacts Andrew D. Regrut Treasurer and Investor Relations Officer 812.827.4151
Yahoo
05-05-2025
- Business
- Yahoo
Kimball Electronics (KE) Reports Q1: Everything You Need To Know Ahead Of Earnings
Global electronics contract manufacturer Kimball Electronics (NYSE:KE) will be reporting earnings tomorrow after market close. Here's what to look for. Kimball Electronics missed analysts' revenue expectations by 0.7% last quarter, reporting revenues of $357.4 million, down 15.2% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts' expectations. Is Kimball Electronics a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Kimball Electronics's revenue to decline 20.5% year on year to $338.1 million, a further deceleration from the 12.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.19 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Kimball Electronics has missed Wall Street's revenue estimates six times over the last two years. Looking at Kimball Electronics's peers in the electrical systems segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Allegion delivered year-on-year revenue growth of 5.4%, beating analysts' expectations by 2%, and Vertiv reported revenues up 24.2%, topping estimates by 5.2%. Allegion traded up 7.9% following the results while Vertiv was also up 16.8%. Read our full analysis of Allegion's results here and Vertiv's results here. There has been positive sentiment among investors in the electrical systems segment, with share prices up 13% on average over the last month. Kimball Electronics is up 10.1% during the same time and is heading into earnings with an average analyst price target of $21.25 (compared to the current share price of $14.64). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Sign in to access your portfolio
