Business
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
About this update from Kimball Electronics, Inc.
[{"type":"text","content":"\nThird Quarter Fiscal 2025 Highlights\n\n\nNet sales totaled $374.6 million\n\n\nOperating income of $11.7 million, or 3.1% of net sales, adjusted operating income of 4.2%\n\n\nInventory of $296.6 million, a reduction of $9.6 million from Q2\n\n\nCash generated by operating activities of $30.9 million, the fifth consecutive quarter of positive cash flow\n\n\nBorrowings on credit facilities of $178.8 million, a $26.2 million decrease from the second quarter, and down $116 million, or 40%, in the fiscal year\n\n\n JASPER, Ind.--(BUSINESS WIRE)--\nKimball Electronics, Inc. (Nasdaq: KE) today announced financial results for the third quarter ended March 31, 2025.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250506973868/en/\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\nThree Months Ended\n\n\n\n \n\n\n\nNine Months Ended\n\n\n\n\n\n \n\n\n\nMarch 31,\n\n\n\n \n\n\n\nMarch 31,\n\n\n\n\n\n(Amounts in Thousands, except EPS)\n\n\n\n \n\n\n\n2025\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n2024\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n2025\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n2024\n\n\n\n \n\n\n\n\n\nNet Sales\n\n\n\n$\n\n\n\n374,607\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n425,036\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1,106,255\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1,284,352\n\n\n\n \n\n\n\n\n\nOperating Income\n\n\n\n$\n\n\n\n11,716\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n(6,431\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n29,061\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n29,669\n\n\n\n \n\n\n\n\n\nAdjusted Operating Income (non-GAAP) (1)\n\n\n\n$\n\n\n\n15,706\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n18,733\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n41,629\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n58,802\n\n\n\n \n\n\n\n\n\nOperating Income %\n\n\n\n \n\n\n\n3.1\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n(1.5\n\n\n\n)%\n\n\n\n \n\n\n\n \n\n\n\n2.6\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n2.3\n\n\n\n%\n\n\n\n\n\nAdjusted Operating Income (non-GAAP) %\n\n\n\n \n\n\n\n4.2\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n4.4\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n3.8\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n4.6\n\n\n\n%\n\n\n\n\n\nNet Income\n\n\n\n$\n\n\n\n3,817\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n(6,076\n\n\n\n)\n\n\n\n \n\n\n\n$\n\n\n\n10,403\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n12,968\n\n\n\n \n\n\n\n\n\nAdjusted Net Income (non-GAAP) (1)\n\n\n\n$\n\n\n\n6,...