Kimball Electronics posts Q3 net loss of $6.1M; plans AT&M divestiture

Kimball Electronics, Inc.

2024-Q3 EPS reported $0.51 revenue$1,284,352,000

Net loss of $6.1M ($0.24 diluted EPS); adjusted EPS $0.34 with 4.0% adjusted operating margin.
Net sales $425.0M, down 12% YoY from $484.7M; operating cash flow $42.6M on inventory reductions.
Expects to divest Automation, Test & Measurement business; recorded impairment and restructuring costs.
FY2024 adjusted operating income guidance reaffirmed; net sales estimate lowered; capex reduced.
Board approves resumption of share repurchases.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Kimball Electronics, Inc. reported the third quarter ended March 31, 2024 results: revenue $425.0 million, net income a net loss of $6.1 million, EPS $0.24 per share. Guidance reaffirmed.

Period: the third quarter ended March 31, 2024
Revenue: $425.0 million
Net income: a net loss of $6.1 million
EPS: $0.24 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

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.

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Source: SEC EDGAR

accession 0001606757-24-000012

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