Kimball Electronics Full Year 2024 Earnings: EPS Misses Expectations

Kimball Electronics (NASDAQ:KE) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.71b (down 6.0% from FY 2023).
• Net income: US$20.5m (down 63% from FY 2023).
• Profit margin: 1.2% (down from 3.1% in FY 2023).
• EPS: US$0.82 (down from US$2.24 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kimball Electronics EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%.

In the last 12 months, the only revenue segment was Electronic Manufacturing Services Industry contributing US$1.71b. Notably, cost of sales worth US$1.57b amounted to 92% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$66.6m (56% of total expenses). Explore how KE's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 5.5% p.a. on average during the next 2 years, while revenues in the Electronic industry in the US are expected to grow by 7.4%.

Performance of the American Electronic industry.

The company's shares are down 8.8% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Kimball Electronics that you need to be mindful of.

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