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Jun 30, 2024
Kimball Electronics Q4 2024 Earnings Report
Kimball Electronics' Q4 results reflected a focus on controlling controllable factors amidst a challenging EMS industry environment, with adjusted cost structure, improved working capital management, and positive cash flow generation.
Key Takeaways
Kimball Electronics reported Q4 net sales of $430.2 million and operating income of $19.6 million, or 4.6% of net sales. The company focused on cost control and working capital management amidst a challenging operating environment.
Net sales totaled $430.2 million.
Operating income was $19.6 million, representing 4.6% of net sales.
Adjusted operating income reached $20.9 million, or 4.9% of net sales.
Cash flow from operating activities was $48.5 million, driven by inventory reductions.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Kimball Electronics anticipates net sales between $1.440 and $1.540 billion for fiscal year 2025, representing an 8% to 14% decline year-over-year excluding Automation, Test and Measurement sales. Adjusted operating income is projected to be 4.0% - 4.5% of net sales.
Positive Outlook
- Cost controls
- Capital allocation strategy focused on longer-term growth
- Lasting customer relationships
- Opportunistic share repurchases
Challenges Ahead
- Macro headwinds are expected to persist.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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