secwatch.observer — SEC 8-K summary
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Issuer:     Kimball Electronics, Inc. (KE)
CIK:        0001606757
Form:       8-K
Filed at:   2025-02-04T23:59:59+00:00
Accession:  0001606757-25-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kimball Electronics Q2 net sales $357.4M; cuts FY2025 outlook, plans restructuring
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- Q2 net sales $357.4M; operating income $8.2M (2.3% of sales); adjusted operating income 3.7% of sales.
- Inventory reduced $29M from Q1 to $306M, down 37% from peak; borrowings down $41M to $205M.
- Automotive sales down 4%, medical down 22%, industrial down 20% YoY.
- FY2025 guidance: net sales $1.40-1.44B (prev. $1.44-1.54B); adj. operating income 3.4-3.6% (prev. 4.0-4.5%).
- Restructuring includes divestiture of AT&M non-core assets, closing Tampa plant, focusing on medical CMO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606757/000160675725000004/0001606757-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606757/000160675725000004/ke-20250204.htm
  HTML page:      https://secwatch.observer/filing/0001606757-25-000004

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