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Kimball Electronics (KE)
NASDAQ:KE
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.21Last Year’s EPS
0.34Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: 2.13%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Negative
The earnings call indicated significant challenges with a notable decline in overall revenue and specific struggles in the medical and industrial segments. Despite these challenges, the company showed strong debt reduction and effective inventory management, alongside positive performance in the automotive sector in China and recognition for customer service excellence. The sentiment is slightly negative due to the significant revenue decline and reduced fiscal guidance, although there are positive aspects in financial management and customer service.Company Guidance
During the Kimball Electronics, Inc. Second Quarter Fiscal 2025 Earnings Conference Call, the company provided updated guidance for the full fiscal year. Net sales are expected to be in the range of $1.4 to $1.44 billion, down from the previous expectation of $1.44 to $1.554 billion, reflecting a 13% decrease in Q2 year-over-year. Adjusted operating income is now projected at 3.4% to 3.6% of net sales, compared to the previous 4% to 4.5%. The company reported a fourth consecutive quarter of positive cash flow, generating $29.5 million from operating activities, and reduced borrowings to $205 million, which is 40% lower year-over-year. Inventory levels were reduced by $29 million from Q1, aiming to improve cash conversion days, which stood at 107 days compared to 117 days in Q2 fiscal 2024. Capital expenditures are maintained at $40 to $50 million, with exit costs for the Tampa facility expected to range from $6.5 to $8.5 million. The restructuring plan includes a focus on medical CMO and divestiture of non-core assets, aiming for long-term growth.Debt Reduction
Borrowings were reduced by 40% year-over-year, with a $41 million reduction from the first quarter and down $90 million or 30% from the beginning of the fiscal year.
Inventory Management
Cash inventory levels were reduced for the fourth consecutive quarter, with a $29 million reduction compared to Q1 and $149 million or 33% lower than a year ago.
Strong Automotive Performance in China
Despite declines in North America and Europe, the automotive segment in China showed strong results with record high monthly production rates.
Customer Service Excellence
Kimball Electronics was honored by Circuit's Assembly Service Excellence Awards, achieving the highest customer ratings in all seven categories.
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KE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $17.87 | $18.00 | +0.73% |
| Nov 04, 2024 | $18.47 | $19.57 | +5.96% |
| Aug 14, 2024 | $20.44 | $18.28 | -10.57% |
| May 07, 2024 | $22.16 | $22.74 | +2.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kimball Electronics (KE) report earnings?
Kimball Electronics (KE) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Kimball Electronics (KE) earnings time?
Kimball Electronics (KE) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KE EPS forecast?
KE EPS forecast for the fiscal quarter 2025 (Q3) is 0.21.
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