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Kimball Electronics (KE)
NASDAQ:KE
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.23Last Year’s EPS
$0.33Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -0.54%
|Next Earnings Date:Feb 10, 2025
Earnings Call Sentiment|Neutral
The earnings call conveyed a mix of strategic optimism and operational challenges. While the company is making significant strides in strategic restructuring and balance sheet improvement, it faces notable declines in sales across key sectors and margin pressures. The guidance for fiscal year 2025 remains intact, indicating cautious optimism amidst current challenges.Company Guidance
In the recent Kimball Electronics earnings call for Q1 2025, the company provided detailed guidance for the fiscal year. They confirmed their expectation for net sales to range between $1.44 billion and $1.54 billion, with adjusted operating income projected to be 4% to 4.5% of net sales. Capital expenditures are anticipated to fall between $40 million and $50 million. The company also discussed significant strategic changes, including the closure of their Tampa facility, which is expected to incur exit costs of $8 million to $11 million. This move is projected to streamline operations and enhance competitiveness by transferring production to other facilities. Additionally, they reported positive cash flow of $45.5 million in the first quarter, a reduction of inventory by $147 million year-over-year, and a decrease in debt levels to a two-year low.Strategic Restructuring Initiatives
The company has restructured by divesting the non-core AT&M business and folded the medical CMO business into the EMS portfolio. This strategic shift is aimed at focusing on key growing areas such as Automotive, Industrial, and Medical.
Balance Sheet Improvement
Significant positive cash flow generated by reducing inventory levels by over $150 million and paying down nearly $50 million in debt, reaching a 2-year low debt level.
Streamlining and Efficiency Gains
Announced closure of Tampa manufacturing facility to drive efficiency and invest in core business growth. The move aims to leverage global footprint capacity and improve competitiveness.
Inventory Reduction Success
Inventory levels reduced by $147 million, representing a 30% reduction compared to the previous year.
Confirmed Guidance for Fiscal Year 2025
Guidance includes net sales between $1.44 billion to $1.54 billion and adjusted operating income of 4% to 4.5% of net sales.
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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 |
|---|---|---|---|
| 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% |
| Feb 05, 2024 | $23.49 | $20.18 | -14.09% |
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 Feb 10, 2025, TBA Not Confirmed.
What is Kimball Electronics (KE) earnings time?
Kimball Electronics (KE) earnings time is at Feb 10, 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 (Q2) is $0.23.
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