---
schema_version: "secwatch.filing_event.v1"
accession: "0001606757-23-000061"
form_type: "8-K"
ticker: "KE"
cik: "0001606757"
company_name: "Kimball Electronics, Inc."
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T20:53:41.902202+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Kimball Electronics Q1 net sales +8% to $438.1M; reduces FY2024 guidance to flat sales

## Summary
- Net sales $438.1M (+8% YoY); operating income $19.5M (4.4% of sales) vs $13.6M last year.
- Net income $10.8M ($0.43 diluted EPS) vs $9.5M ($0.38) in prior-year quarter.
- FY2024 guidance cut: net sales now flat YoY (prev. 4-7% growth); operating income in line with FY2023 (prev. 4.7-5.2% of sales).
- Vertical markets: Automotive +13%, Industrial +21%, Medical -12%.
- Capital expenditure outlook unchanged at $70-80M.

## SEC filing metadata
- accession: 0001606757-23-000061
- form_type: 8-K
- ticker: KE
- cik: 0001606757
- company_name: Kimball Electronics, Inc.
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606757/000160675723000061/0001606757-23-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606757/000160675723000061/ke-20231106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001606757-23-000061
- JSON: https://secwatch.observer/filing/0001606757-23-000061.json
- Plain text: https://secwatch.observer/filing/0001606757-23-000061.txt

## Key facts
- Earnings Releases
  Kimball Electronics, Inc. reported first quarter of fiscal 2024 results: revenue $438.1 million, net income $10.8 million, EPS $0.43 per diluted share. Guidance lowered.
  - Period: first quarter of fiscal 2024
  - Revenue: $438.1 million
  - Net income: $10.8 million
  - EPS: $0.43 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: INC. EXHIBIT 99.1 Document Exhibit 99.1 KIMBALL ELECTRONICS REPORTS Q1 RESULTS WITH STRONG START TO THE FISCAL YEAR; COMPANY UPDATES GUIDANCE FOR FISCAL 2024 • Net sales totaled $438.1 million, an 8% increase compared to the first quarter of fiscal 2023; foreign currency had a 1% favorable impact on net sales year-over-year. • Operating income of $19.5 million, or 4.4%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606757/000160675723000061/0001606757-23-000061-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.