Kimball Electronics Reports Q3 Results; Company Announces Renewed Strategic Focus, Including Expected Divestiture of the Automation, Test & Measurement Business
Kimball Electronics, Inc. (KE)
US:NASDAQ Investor Relations:
investors.kimballelectronics.com/investor-overview
Company Research
Source: Business Wire
JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) today announced financial results for the third quarter of fiscal 2024 with net sales totaling $425.0 million and a net loss of $6.1 million, or $0.24 per share. This result includes the impairment of the Automation, Test & Measurement business, which the Company expects to divest, along with restructuring expense, partially offset by the recovery of a legal settlement. A detailed reconciliation is provided later in this release.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240507684308/en/Excluding these items, adjusted net income in the third quarter of fiscal 2024 totaled $8.4 million, or $0.34 per diluted share, and adjusted operating income equaled $17.0 million, or 4.0% of net sales.Cash flow from operating activities in the quarter was $42.6 million driven by inventory reductions.Company sharpens strategic focus on EMS operations and aligns co
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News
- Kimball Electronics, Inc. Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Kimball Electronics, Inc. (NASDAQ:KE) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Kimball Electronics to Participate in Upcoming Investor Events [Yahoo! Finance]Yahoo! Finance
- Kimball Electronics to Participate in Upcoming Investor EventsBusiness Wire
- Kimball Electronics (KE) Lags Q3 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
KE
Earnings
- 5/7/24 - Miss
KE
Sec Filings
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 3/28/24 - Form 8-K
- KE's page on the SEC website