---
schema_version: "secwatch.filing_event.v1"
accession: "0001606757-24-000054"
form_type: "8-K"
ticker: "KE"
cik: "0001606757"
company_name: "Kimball Electronics, Inc."
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T06:06:23.929913+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kimball Electronics Q1 net sales $374M, EPS $0.12; plans closure of Tampa facility with $8-11M exit costs

## Summary
- 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.

## SEC filing metadata
- accession: 0001606757-24-000054
- form_type: 8-K
- ticker: KE
- cik: 0001606757
- company_name: Kimball Electronics, Inc.
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606757/000160675724000054/0001606757-24-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606757/000160675724000054/ke-20241104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001606757-24-000054
- JSON: https://secwatch.observer/filing/0001606757-24-000054.json
- Plain text: https://secwatch.observer/filing/0001606757-24-000054.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.