• Down 9% compared to Q3 last year • Continued weak demand in Europe NET SALES | --- | --- | --- | |-----------------------------------------------------------------------------------------------------|-------|-------| | | | | | Increase in the rate at which electronic content is being added to vehicles – steering & braking | | | | Content leverages advanced technologies and expanded operating systems | | | | • Align with core manufacturing capabilities | | | | • Proven expertise in safety critical products ...

Kimball Electronics (KE) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -15%. A quarter ago, it was expected that this electronics manufacturing services company would post earnings of $0.37 per share when it actually produced earnings of $0.33, delivering a surprise of -10.81%.Over ...

Exhibit 99.1 KIMBALL ELECTRONICS REPORTS Q3 RESULTS; COMPANY ANNOUNCES RENEWED STRATEGIC FOCUS, INCLUDING EXPECTED DIVESTITURE OF THE AUTOMATION, TEST & MEASUREMENT BUSINESS JASPER, Ind., May 7, 2024 -- (BUSINESS WIRE) -- Kimball Electronics, Inc. (Nasdaq: KE) today announced financial results for the third quarter of fiscal 2024 with net sales totaling $425.0 million and a net loss of $6.1 million, or $0.24 per share. This result includes the impairment of the Automation, Test & Measurement business, which ...

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 December 31, 2023 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) incorporation or organization) Indiana ...

• Macro environment likely to remain challenging for some time • Net sales totaled $113 million • Braking systems • Our manufacturing capabilities extend beyond electronics and PCBAs • Sales in Q2 declined compared to the same period last year | --- | --- | --- | |-------|--------------------------------------|-------| | | | | | | neutrality | | | • | Responsible use of natural resources | | | | We specialize in… | | | • | Heating & cooling systems | | | • | Factory automation | | | • | Optical inspection | ...

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, 2023 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) incorporation or organization) Indian ...

Quarter Ended September 30, 2023 Kimball Electronics | 1 Certain statements contained within this supplementary information, including our fiscal year 2024 guidance, and any statements made during our earnings conference call today may be considered forward-looking under the Private Securities Litigation Reform Act of 1995. The statements may be identified by the use of words such as "expect," "should," "goal," "predict," "will," "future," "optimistic," "confident," and "believe." Undue reliance should not ...

Financial Performance - For the fiscal year ended June 30, 2023, Kimball Electronics reported that 45% of net sales came from the automotive sector, 27% from medical, and 26% from industrial markets[40]. - The company reported record sales of $1,823.4 million for fiscal year 2023, a 35% increase from $1,349.5 million in fiscal year 2022[149]. - Gross profit increased by 49% to $156.2 million, with gross profit as a percentage of net sales improving to 8.6% from 7.8%[149][152]. - Net income for fiscal year 2023 was $55.8 million, or $2.22 per diluted share, representing a 79% increase from $31.3 million, or $1.24 per diluted share, in fiscal year 2022[157]. - The automotive market generated $820.1 million in sales, a 41% increase from the previous year, driven by new product launches and improved component availability[150][151]. - Selling and administrative expenses increased by 28% to $68.7 million, driven by higher factoring fees and wage inflation[149][153]. - The company maintained a strong balance sheet with a current ratio of 2.0 and a debt-to-equity ratio of 0.5, with shareholders' equity at $524 million[144]. - Working capital increased to $454.3 million as of June 30, 2023, compared to $352.3 million in the previous year, with a current ratio of 2.0[159]. - Net cash used for operating activities was $(13.8) million in fiscal year 2023, significantly improved from $(83.2) million in fiscal year 2022[163]. - Cash used for investing activities totaled $(90.5) million in fiscal year 2023, primarily for capital investments in Mexico, Thailand, and Poland[167]. Market Position and Customer Base - Major customers included Nexteer Automotive (15% of net sales), Philips (14%), and ZF (12%)[40]. - Kimball Electronics is ranked as the 20th largest global EMS provider for calendar year 2022, indicating a competitive position in the market[36]. - A substantial majority of revenues are derived from international operations, exposing the company to various financial and operational risks[71]. Manufacturing and Operations - The company operates twelve manufacturing facilities across the United States, China, Mexico, Poland, Romania, Thailand, and Vietnam, with recent expansions in Thailand, Mexico, and Poland[37]. - The company has harmonized quality systems to meet industry certifications, enabling cost-effective manufacturing across electronic and non-electronic products[24]. - The company’s manufacturing operations require significant amounts of energy, and disruptions could materially affect production and profitability[108]. - The contract manufacturing business is characterized by frequent start-ups of new programs to replace expiring ones, with customer agreements typically being short-term and subject to cancellation[41]. Supply Chain and Component Shortages - Raw materials for manufacturing are generally available, but the industry can experience shortages due to supply and demand fluctuations and unforeseen global events[42]. - The EMS industry continues to face component shortages, particularly with semiconductors, which may increase component costs and disrupt operations[43]. - Supply chain disruptions may hinder the ability to purchase sufficient materials, particularly semiconductors, leading to production delays and curtailed shipments[66]. - The company has faced shortages due to the COVID-19 pandemic and geopolitical events, which could unpredictably impact the supply chain[67]. - Component shortages may increase the cost of goods sold, potentially harming profitability if price increases cannot be offset[68]. Sustainability and Social Responsibility - Kimball Electronics focuses on sustainability by optimizing manufacturing processes, increasing clean energy usage, and developing low carbon products and technologies[31]. - The company is committed to a socially responsible supply chain, requiring suppliers to conduct due diligence on conflict minerals[47]. - Kimball Electronics' ESG Report, issued in March 2023, highlights its commitment to environmental, social, and governance principles[46]. - The company has committed to significantly reduce greenhouse gas emissions, water usage, electrical usage, and air emissions by 2025 as part of its sustainability strategy[91]. - In fiscal year 2023, Kimball Electronics committed $100,000 to the Southwestern Indiana Child Advocacy Center Coalition and made a final installment of this commitment[55]. - The company has donated $100,000 to refugee-related activities, including aid for Ukrainian refugees, in 2022[55]. Governance and Management - As of June 30, 2023, three of the seven independent members of the Board of Directors are female, reflecting the company's commitment to diversity[58]. - The company’s executive officers were appointed as of August 23, 2023, with Richard D. Phillips serving as CEO[117]. - Management concluded that internal control over financial reporting was effective as of June 30, 2023[200]. Financial Risks and Compliance - The company is exposed to credit risk from customers, with elevated risks of potential bankruptcy affecting accounts receivable[96]. - The company is monitoring working capital closely, as customer financial difficulties and manufacturing delays could adversely affect cash flow from operations[97]. - The company is exposed to foreign currency risk, with fluctuations in exchange rates potentially impacting operating results[102]. - High inflation levels may increase costs and impact pricing and customer demand, affecting revenues and earnings[104]. - Compliance with government legislation and regulations may significantly increase operating costs, impacting profitability[93]. - The company is assessing its obligations under the Corporate Sustainability Reporting Directive (CSRD) and expects significant compliance efforts in future years[89]. Capital Structure and Investments - As of June 30, 2023, the company had $281.5 million in borrowings under its credit facilities and total cash and cash equivalents of $43.0 million[103]. - The company has a stock repurchase plan authorized for up to $100 million, with $88.8 million repurchased through June 30, 2023[179]. - The company expects to continue investing in capital expenditures and potential acquisitions to support growth[175]. - Capital expenditure commitments were approximately $13 million as of June 30, 2023, mainly for equipment related to facility expansions[176]. Financial Statements and Audit - Total assets increased to $1,259,719,000 in June 2023 from $1,035,767,000 in June 2022, representing a growth of approximately 21.6%[217]. - Current assets rose to $929,427,000 in June 2023, up from $761,083,000 in June 2022, reflecting an increase of about 22.1%[217]. - Total liabilities increased to $735,725,000 in June 2023, compared to $581,796,000 in June 2022, marking a rise of approximately 26.4%[217]. - Long-term debt under credit facilities increased to $235,000,000 in June 2023 from $145,000,000 in June 2022, a significant increase of 62.1%[217]. - Shareholders' equity grew to $523,994,000 in June 2023, up from $453,971,000 in June 2022, indicating an increase of about 15.4%[217]. - The company has been audited by Deloitte & Touche LLP since 2014, with the audit conducted in accordance with PCAOB standards[215].

· Drug Delivery Kimball Electronics | 5 • 34% increase compared to Q3 last year • 8% sequential step-up from Q2 Foreign exchange negatively impacted sales by 2% in the quarter o $500 $485 $475 $450 $437 $425 $406 $400 $373 $368 $375 Millions $350 $329 $325 $315 $300 $293 $275 $250 $225 $200 Q1'22 Q2'22 Q3'22 Q1'23 Q2'23 Q4'21 Q4'22 Q3'23 • 7% step-up from Q2 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|---------------------------------------------|-------|-------| ...

Kimball Electronics, Inc. (NASDAQ:KE) Q3 2023 Earnings Conference Call May 5, 2023 10:00 AM ET Company Participants Andy Regrut - Vice President, Investor Relations Ric Phillips - Chief Executive Officer Jana Croom - Chief Financial Officer Conference Call Participants Jaeson Schmidt - Lake Street Capital Hendi Susanto - Gabelli Funds Mac Furst - Singular Research Operator Good morning, ladies and gentlemen and welcome to the Kimball Electronics Third Quarter Fiscal 2023 Earnings Conference Call. My name is ...