KE
Kimball Electronics, Inc.29.28
-0.47-1.58%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
714.06MP/E (TTM)
30.50Basic EPS (TTM)
0.96Dividend Yield
0%Recent Filings
8-K
8-K
10-K
FY2025 results
Kimball Electronics posted FY2025 net sales of $1.49B, down 13% y/y, with automotive dropping 11% from a major program loss and end-of-life shifts, medical off 7% due to customer inventory destocking, and industrial plunging 24% after divesting GES and seeing smart metering erosion. Q4 momentum steadied as working capital efficiency sharpened, trimming cash conversion days to 85 from 100 y/y while gross margins held at 7.0% amid lower absorption. Restructuring at Tampa wrapped with $5.3M charges, but liquidity swelled to $373M via $184M operating cash flow and debt paydown to $147M. No FY2026 guidance issued. Key customers like Nexteer (19%) buoyed results, yet supply chain snarls threaten quarterly ramps.
8-K
Q4 sales up sequentially, debt halved
Kimball Electronics capped fiscal 2025 with Q4 net sales of $380.5 million, up 2% sequentially but down 12% year-over-year, as medical sales rose 5% while automotive fell 13%. The company generated record annual cash flow of $183.9 million, slashing debt by 50% to $147.1 million and inventory by 19%, bolstering liquidity for growth. Fiscal 2026 guidance projects net sales of $1.35-$1.45 billion, down 2-9%, with adjusted operating margins steady at 4.0-4.25%; automotive weakness persists from the Reynosa program loss.
10-Q
Q3 FY2025 results
Kimball Electronics posted Q3 FY2025 net sales of $374.6M, down 12% y/y from $425.0M, yet swung to operating income of $11.7M from a $6.4M loss, thanks to no repeat of last year's $22.4M impairments on the divested GES unit. Gross margin slipped to 7.2% from 7.9% amid lower volume absorption, while selling expenses dropped 22% y/y on cost controls. YTD sales fell 14% to $1,106.3M, with operating income steady at $29.1M; diluted EPS of $0.41 aligns with 25,047K shares, but trails last year's $0.51 on softer demand. Cash from operations hit $105.9M YTD, funding $23.7M capex; free cash flow of $82.2M (derived) bolstered $51.4M cash, with total debt at $178.3M under a restated facility (5.9% rate, compliant covenants, $253.2M availability). The July 2024 GES sale fetched $18.5M net proceeds, recognizing $1.3M gain. Tampa closure, set for FY2025 end, eyes $6.5M-$8.5M costs but property sale upside. Restructuring trimmed workforce amid auto and industrial slumps. Open orders dipped 23% y/y to $642M. Supply chain snarls remain a drag.
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