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.

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