UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36454 KIMBALL ELECTRONICS, INC. (Exact name of registrant as specified in its charter) Indiana 35-2047713 (State or other ju ...

Kimball Electronics, Inc. (NASDAQ:KE) Q1 2025 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Andy Regrut - Treasurer and Investor Relations Officer Ric Phillips - Chief Executive Officer Jana Croom - Chief Financial Officer Conference Call Participants Mike Crawford - B. Riley Securities Jaeson Schmidt - Lake Street Anja Soderstrom - Sidoti Operator Good morning, ladies and gentlemen. Welcome to Kimball Electronics’ First Quarter Fiscal 2025 Earnings Conference Call. My name is M ...

Group 1 - Kimball Electronics reported quarterly earnings of $0.22 per share, matching the Zacks Consensus Estimate, but down from $0.43 per share a year ago [1] - The company posted revenues of $374.26 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.65% and down from $438.08 million year-over-year [2] - Kimball Electronics shares have declined approximately 32.7% since the beginning of the year, contrasting with the S&P 500's gain of 20.1% [3] Group 2 - The earnings outlook for Kimball Electronics is mixed, with the current consensus EPS estimate for the coming quarter at $0.29 on revenues of $372.7 million, and $1.17 on $1.52 billion in revenues for the current fiscal year [7] - The Zacks Industry Rank for Electronics - Miscellaneous Products is in the top 26% of over 250 Zacks industries, indicating a favorable industry outlook [8]

Financial Performance - Net sales for Q1 Fiscal 2025 totaled $374.3 million, a decline of 15% compared to $438.1 million in Q1 Fiscal 2024[2] - Operating income was $9.1 million, representing 2.4% of net sales, down from 4.4% in the previous year[2] - Adjusted operating income was $12.6 million, or 3.4% of net sales, compared to 4.8% in Q1 Fiscal 2024[2] - Net income for Q1 Fiscal 2025 was $3.2 million, down from $10.8 million in Q1 Fiscal 2024[2] - The company reported a diluted EPS of $0.12, a decrease from $0.43 in the same quarter last year[2] - Net sales for the three months ended September 30, 2024, were $2.1 million, down 79.4% from $10.3 million in the same period last year[16] - Operating income improved to $0.8 million compared to a loss of $0.2 million in the prior year[16] - Adjusted net income for the three months ended September 30, 2024, was $5,527 thousand, down from $12,038 thousand in the same period last year[17] - Diluted earnings per share decreased to $0.12 from $0.43 year-over-year[17] Cash Flow and Assets - Cash generated from operating activities was $45.5 million, with cash and cash equivalents at $76.6 million at the end of the quarter[4] - Total assets decreased to $1,149,056 thousand from $1,207,919 thousand, a decline of approximately 4.8%[14] - Cash conversion days increased to 108 days from 100 days, indicating a decline in working capital efficiency[15] - Average invested capital increased to $773,016 thousand from $738,096 thousand, reflecting a rise in capital efficiency[17] - Long-term debt decreased to $200,000 thousand from $235,000 thousand, indicating improved debt management[14] Business Operations and Strategy - The company confirmed guidance for Fiscal Year 2025, projecting net sales between $1.440 billion and $1.540 billion, reflecting an 8% to 14% decline year-over-year[6] - The divestiture of the Automation, Test, and Measurement business was completed, contributing to a reduction in debt to a two-year low[3] - The company plans to close its manufacturing facility in Tampa, FL, with production activities being transferred to expanded facilities in Mexico and Jasper[3] - Capital expenditures for Fiscal Year 2025 are expected to be between $40 million and $50 million[6] - Open orders decreased to $594 million from $714 million, primarily due to the cancellation of a major automotive program[15] - Selling and administrative expenses decreased to $11,010 thousand from $14,536 thousand, showing cost control efforts[17]

Company Overview - Kimball Electronics, Inc. is a global provider of electronics and diversified contract manufacturing services, operating in the United States, China, Mexico, Poland, Romania, and Thailand [7] - The company is recognized for its commitment to quality, reliability, value, speed, and ethical behavior, fostering a high-performance culture [7] Conference Participation - Kimball Electronics will attend the 2024 Annual Gateway Conference on September 4-5, 2024, at the Four Seasons Hotel in San Francisco, CA [1] - Jana Croom, the Chief Financial Officer, is scheduled to present on September 5, 2024, at 9:00 a.m. Pacific Time [1] Webcast and Meetings - A webcast of the presentation will be available on the company's Investor Relations website, with an archive accessible for those unable to attend live [2] - Executives from Kimball Electronics will be available for one-on-one meetings throughout the conference [2] Gateway Conference Details - The Gateway Conference connects leading growth-stage companies with prospective investors, analysts, and partners, celebrating 25 years of fostering impactful industry connections [4] - The event showcases a diverse array of companies across various sectors, including technology, cleantech, consumer, industrials, financial services, and healthcare [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36454 KIMBALL ELECTRONICS, INC. (Exact name of registrant as specified in its charter) Indiana 35-2047713 (State or other jurisdiction of ...

Kimball Electronics, Inc. (NASDAQ:KE) Q4 2024 Earnings Conference Call August 14, 2024 10:00 AM ET Company Participants Andrew Regrut - Treasurer and Investor Relations Officer Richard Phillips - Chief Executive Officer Jana Croom - Chief Financial Officer Conference Call Participants Mike Crawford - B. Riley Securities Jaeson Schmidt - Lake Street Derek Soderberg - Cantor Fitzgerald Anja Soderstrom - Sidoti & Company Hendi Susanto - Gabelli Funds Operator Good morning, ladies and gentlemen, and welcome to ...

Exhibit 99.1 KIMBALL ELECTRONICS REPORTS Q4 RESULTS; COMPANY PROVIDES GUIDANCE FOR FISCAL 2025 Fourth Quarter Fiscal 2024 Highlights • Net sales totaled $430.2 million • Operating income of $19.6 million, or 4.6% of net sales • Adjusted operating income of $20.9 million, or 4.9% of net sales • Cash flow generated from operating activities of $48.5 million, driven by inventory reductions JASPER, Ind., August 13, 2024 -- (BUSINESS WIRE) -- Kimball Electronics, Inc. (Nasdaq: KE) today announced financial resul ...

600 new employees will be based in Asia and the U.S., with offices in Vietnam, China, India, Japan and Silicon Valley. MONTREAL, Aug. 1, 2024 /PRNewswire/ -- Averna, a leading global test & quality solutions provider, announced the acquisition of Global Equipment Services, Inc. (GES), a division of Kimball Electronics, Inc. (Nasdaq: KE) specialized in automation, test and measurement solutions for industries such as consumer electronics, semiconductor and medical devices. Averna Expands its Asian and North ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indiana 35-2047713 (State or other jurisdiction of (I.R.S. Employer Identification No.) 1205 Kimball Boulevard, Jasper, Indiana 47546 (Address of principal executive offices) (Zip Code) (81 ...