Kimball Electronics, Inc. (KE): restructuring charge — Kimball Electronics Q1 net sales $374M, EPS $0.12; plans closure of Tampa facility with $8-11M exit costs

Kimball Electronics, Inc.

2025-Q1 EPS reported $0.12 revenue$374,256,000

Net sales $374.3M, down 14.6% YoY from $438.1M; operating income $9.1M (2.4% of sales) vs $19.5M (4.4%).
GAAP diluted EPS $0.12 (vs $0.43); adjusted diluted EPS $0.22 (vs $0.48); adjusted measures now exclude stock compensation.
Board approved closure of Tampa manufacturing facility by end of fiscal year; expects $8M-$11M total exit costs ($6-7M termination, $2-3M logistics).
Completed divestiture of Automation, Test, and Measurement business; no deal terms disclosed.
Operating cash flow $45.5M; credit facility borrowings at 2-year low; confirms FY2025 guidance.

item 2.02 item 2.05 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Kimball Electronics, Inc. announced a restructuring with charges of $8 million to $11 million affecting Tampa facility ($6 million to $7 million in employee termination benefits).

Type: restructuring
Charge: $8 million to $11 million
Affected area: Tampa facility
Headcount: $6 million to $7 million in employee termination benefits

Exact text from the filing

on existing customer programs will be transferred out of Tampa, with the majority of the work going to our plants in Mexico and Jasper. We are expected to incur approximately $8 million to $11 million in total exit costs, including most significantly $6 million to $7 million in employee termination benefits and $2 million to $3 million in logistical costs to

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Kimball Electronics, Inc. filing history →

Source: SEC EDGAR

accession 0001606757-24-000054

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