Kimball Electronics Q2 Sales Rise, Net Income Edges Up

TL;DR

Kimball Electronics Q2 sales up to $318.6M, net income $4.9M. Steady performance.

AI Summary

Kimball Electronics, Inc. reported its Q2 2025 results for the period ending December 31, 2024. The company's net sales were $318.56 million, a slight increase from $309.50 million in the prior year's comparable period. Net income for the quarter was $4.88 million, compared to $4.70 million in Q2 2024. The company's total assets stood at $1.002 billion as of December 31, 2024.

Why It Matters

This filing provides investors with Kimball Electronics' financial performance for the second quarter of fiscal year 2025, indicating modest growth in sales and net income.

Risk Assessment

Risk Level: low — The filing shows a stable financial performance with modest growth, indicating low immediate risk.

Key Numbers

• $318.6B — Net Sales (Q2 2025 revenue)
• $4.9B — Net Income (Q2 2025 profit)
• $1.002B — Total Assets (As of December 31, 2024)

Key Players & Entities

• Kimball Electronics, Inc. (company) — Filer
• 318,560,000 (dollar_amount) — Net sales for Q2 2025
• 309,499,000 (dollar_amount) — Net sales for Q2 2024
• 4,879,000 (dollar_amount) — Net income for Q2 2025
• 4,697,000 (dollar_amount) — Net income for Q2 2024
• 1,002,000,000 (dollar_amount) — Total assets as of December 31, 2024
• 20241231 (date) — End of reporting period

FAQ

Filing Documents

• ke-20241231.htm (10-Q) — 1212KB
• exhibit1022024keemployeepr.htm (EX-10.2) — 83KB
• exhibit103amendmentstothec.htm (EX-10.3) — 18KB
• exhibit31112312024q210q.htm (EX-31.1) — 11KB
• exhibit31212312024q210q.htm (EX-31.2) — 12KB
• exhibit32112312024q210q.htm (EX-32.1) — 5KB
• exhibit32212312024q210q.htm (EX-32.2) — 5KB
• ke-20241231_g1.jpg (GRAPHIC) — 686KB
• 0001606757-25-000006.txt ( ) — 9412KB
• ke-20241231.xsd (EX-101.SCH) — 52KB
• ke-20241231_cal.xml (EX-101.CAL) — 65KB
• ke-20241231_def.xml (EX-101.DEF) — 410KB
• ke-20241231_lab.xml (EX-101.LAB) — 667KB
• ke-20241231_pre.xml (EX-101.PRE) — 523KB
• ke-20241231_htm.xml (XML) — 1094KB

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Condensed Consolidated Balance Sheets - December 31, 2024 (Unaudited) and June 30, 2024 3 Condensed Consolidated Statements of Income (Unaudited) - Three and Six Months Ended December 31, 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income (Unaudited) - Three and Six Months Ended December 31, 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows (Unaudited) - Six Months Ended December 31, 2024 and 2023 6 Condensed Consolidated Statements of Share Owners' Equity (Unaudited) - Three and Six Months Ended December 31, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements (Unaudited) 8

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 21

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 29

Controls and Procedures

Item 4. Controls and Procedures 29

OTHER INFORMATION

PART II OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 30

Risk Factors

Item 1A. Risk Factors 30

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30

Other Information

Item 5. Other Information 30

Exhibits

Item 6. Exhibits 31

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements KIMBALL ELECTRONICS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in Thousands, Except for Share Data) (Unaudited) December 31, 2024 June 30, 2024 ASSETS Current Assets: Cash and cash equivalents $ 53,865 $ 77,965 Receivables, net of allowances of $ 147 and $ 1,002 , respectively 235,166 282,336 Contract assets 81,957 76,320 Inventories 306,242 338,116 Prepaid expenses and other current assets 31,550 44,682 Assets held for sale — 27,587 Total current assets 708,780 847,006 Property and Equipment, net of accumulated depreciation of $ 318,560 and $ 309,499 , respectively 271,251 269,659 Goodwill 6,191 6,191 Other Intangible Assets, net of accumulated amortization of $ 27,817 and $ 27,300 , respectively 2,716 2,994 Other Assets, net 85,498 82,069 Total Assets $ 1,074,436 $ 1,207,919 LIABILITIES AND SHARE OWNERS ' EQUITY Current Liabilities: Current portion of long-term debt $ 24,900 $ 59,837 Accounts payable 204,690 213,551 Advances from customers 39,340 30,151 Accrued expenses 42,291 63,189 Liabilities held for sale — 8,594 Total current liabilities 311,221 375,322 Other Liabilities: Long-term debt, less current portion 179,601 235,000 Long-term income taxes payable — 3,255 Other long-term liabilities 46,138 53,881 Total other liabilities 225,739 292,136 Share Owners' Equity: Preferred stock- no par value Shares authorized: 15,000,000 Shares issued: None — — Common stock- no par value Shares authorized: 150,000,000 Shares issued: 29,430,000 Shares outstanding: 24,551,000 and 24,733,000 , respectively — — Additional paid-in capital 319,744 319,463 Retained earnings 323,150 316,564 Accumulated other comprehensive loss ( 23,383 ) ( 17,807 ) Treasury stock, at cost: Shares: 4,879,000 and 4,697,000 , respectively ( 82,035 ) ( 77,759 ) Total Share Owners' Equity 537,476 540,461 Total Liabilities and Share Owners' Equity $ 1,074,436 $ 1,207,919 See Notes to Condensed Consoli

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