Business
Kimball Electronics Reports Q1 Results; Company Reiterates Guidance for Fiscal 2026
First Quarter 2026 Highlights Revenue of $365.6 million, with strong year-over-year sales growth in the medical end-market vertical Operating income of $14.5
About this update from Kimball Electronics, Inc.
[{"type":"text","content":"\nFirst Quarter 2026 Highlights\n\n\nRevenue of $365.6 million, with strong year-over-year sales growth in the medical end-market vertical\n\n\nOperating income of $14.5 million, or 4.0% of net sales, adjusted OI of 4.8%, up 140 bps year-over-year\n\n\nNet income of $10.1 million, or $0.40 per diluted share, adjusted EPS of $0.49, more than double Q1 fiscal 2025\n\n\nCash from operations of $8.1 million, the seventh consecutive quarter of positive cash generation\n\n\nDebt of $138.0 million, down $9.5 million in the quarter, and borrowing capacity of $294.3 million\n\n\nCash Conversion Days of 83, the lowest level in 3 years\n\n\nInvested $1.5 million to repurchase 49,000 shares of common stock\n\n\n JASPER, Ind.--(BUSINESS WIRE)--\nKimball Electronics, Inc. (Nasdaq: KE) today announced financial results for the first quarter ended September 30, 2025.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251105783128/en/\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\nThree Months Ended\n\n\n\n\n\n \n\n\n\nSeptember 30,\n\n\n\n\n\n(Amounts in Thousands, except EPS)\n\n\n\n \n\n\n\n2025\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n2024\n\n\n\n \n\n\n\n\n\nNet Sales\n\n\n\n$\n\n\n\n365,603\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n374,256\n\n\n\n \n\n\n\n\n\nOperating Income\n\n\n\n$\n\n\n\n14,454\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n9,115\n\n\n\n \n\n\n\n\n\nAdjusted Operating Income (non-GAAP)\n\n\n\n$\n\n\n\n17,534\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n12,590\n\n\n\n \n\n\n\n\n\nOperating Income %\n\n\n\n \n\n\n\n4.0\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n2.4\n\n\n\n%\n\n\n\n\n\nAdjusted Operating Income (non-GAAP) %\n\n\n\n \n\n\n\n4.8\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n3.4\n\n\n\n%\n\n\n\n\n\nNet Income\n\n\n\n$\n\n\n\n10,086\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n3,154\n\n\n\n \n\n\n\n\n\nAdjusted Net Income (non-GAAP)\n\n\n\n$\n\n\n\n12,250\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n5,527\n\n\n\n \n\n\n\n\n\nDiluted EPS\n\n\n\n$\n\n\n\n0.40\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.12\n\n\n\n \n\n\n\n\n\nAdjusted Diluted EPS (non-GAAP)\n\n\n\n$\n\n\n\n0.49\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.22\n\n\n\n \n\n\n\n\nCommenting on today’s announcement, Richard D. Phillips, Chief Executive Officer, stated, “I’m pleased with the results for the first quarter and start to the new fiscal year. Sales were in line with expec...