Kimball Electronics Q2 net sales down 4% YoY to $421.2M; EPS $0.33 vs $0.43; updates FY2024 outlook

Kimball Electronics, Inc.

2024-Q2 EPS reported $0.75 revenue$859,316,000

Net sales $421.2M, down 4% YoY; foreign currency had 1% favorable impact.
Operating income $16.6M (3.9% of sales) vs $17.5M (4.0%) in Q2 last year.
Net income $8.3M ($0.33 diluted EPS) vs $10.7M ($0.43) YoY.
Adjusted operating income $17.1M (4.1% of sales) vs $17.8M (4.1%) YoY.
Company updated guidance for fiscal 2024 (specifics not detailed in the exhibit excerpt).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Kimball Electronics, Inc. reported second quarter of fiscal 2024 results: revenue $421,235, net income $8,290, EPS $0.33.

Period: second quarter of fiscal 2024
Revenue: $421,235
Net income: $8,290
EPS: $0.33
Result: reported results

Exact text from the filing

results for the second quarter of fiscal 2024. Three Months Ended Six Months Ended December 31, December 31, (Amounts in Thousands, except EPS) 2023 2022 2023 2022 Net Sales $ 421,235 $ 436,696 $ 859,316 $ 842,585 Operating Income $ 16,610 $ 17,489 $ 36,100 $ 31,060 Adjusted Operating Income (non-GAAP) (1) $ 17,094 $ 17,829 $ 36,407 $ 31,165 Operating Income %

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Source: SEC EDGAR

accession 0001606757-24-000006

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