secwatch.observer — SEC 8-K summary
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Issuer:     Kimball Electronics, Inc. (KE)
CIK:        0001606757
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001606757-24-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606757/000160675724000012/0001606757-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606757/000160675724000012/ke-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001606757-24-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer