Kimball Electronics Full Year 2024 Earnings: EPS Misses Expectations

[email protected] (Simply Wall St)

Tue, Aug 20, 2024, 3:26 AM 1 min read

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

Before you take the next step you should know about the 3 warning signs for Kimball Electronics that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.