|
|
|
Kimball Electronics Inc (NASDAQ: KE) |
|
|
|
| |
Kimball Electronics Inc Outlook |
On August 14 2024 the Kimball Electronics Inc provided following guidance
nnKimball Electronics, Inc. Provides Insight into Q4 Financial Performance and Outlines Fiscal 2025 Guidancenn
nnJASPER, Ind. – August 14, 2024nn – Kimball Electronics, Inc. (Nasdaq: KE) has officially released its financial results for both the fourth quarter and the entire fiscal year concluding on June 30, 2024. The report highlights notable changes in net sales and operating income compared to the previous year.
In the three months ending June 30, 2024, Kimball Electronics recorded net sales of $430.2 million, a decline from $496.1 million reported in the same quarter of the previous year. For the fiscal year 2024, net sales totaled approximately $1.7 billion, down from $1.82 billion in fiscal 2023.
Operating income for the fourth quarter of fiscal 2024 was reported at $19.6 million, a decrease from $31.4 million in the same quarter of the previous fiscal year. Over the entirety of fiscal 2024, the company’s operating income fell to $49.3 million, significantly less than the $87.7 million generated in fiscal 2023.
Notably, the company also reported its adjusted operating income (a non-GAAP measure) for the fourth quarter, which came in at $20.9 million. Specific figures for adjusted operating income for the previous fiscal year were not included in the announcement.
In addition to these results, Kimball Electronics has provided a forward-looking statement regarding its expectations for fiscal year 2025. Specifics on the financial targets and projections have not been detailed in the current report but indicate a strategic focus for the upcoming year. Further disclosures are expected as the company refines its outlook in the coming months.
The results underscore Kimball Electronics' resilience in navigating the challenges faced during the fiscal year while setting a framework for its future endeavors and goals for 2025. As part of its commitment to shareholder transparency, the company looks forward to providing more detailed guidance as it progresses into the new fiscal year.
For further updates, stakeholders are encouraged to monitor Kimball Electronics’ announcements and reports moving forward.,
|
|
|
|
CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
© 2026 CSIMarket.com — Proprietary financial dataset. All rights reserved. Redistribution or automated extraction prohibited.
