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Kimball Electronics, Inc. provides electronics, assemblies, and contract manufacturing organization solutions. The company offers electronics manufacturing services, including engineering and supply chain support to customers in the automotive, medical, and industrial end markets, as well as contract manufacturing organization solutions comprising the production of medical disposables and drug delivery services, such as precision molded plastics, cold chain management, and drug integration. It also engages in the production and testing of printed circuit board assemblies; assembly of medical, automotive, and industrial products; and clean room assembly, cold chain, and product sterilization management activities. In addition, the company offers design services and support, supply chain services and support, rapid prototyping and new product introduction support, product design and process validation and qualification, industrialization and automation of manufacturing processes, reliability testing, aftermarket services, and product life cycle management services. It operates in the United States, China, Mexico, Poland, Romania, Thailand, India, Japan, Vietnam, and internationally. Kimball Electronics, Inc. was founded in 1961 and is headquartered in Jasper, Indiana.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.5B | $78M | $17M | $150M | 3.0% | -13.3% | -17.2% |
| 2024 | $1.7B | $86M | $21M | $26M | 3.8% | -6.0% | -63.3% |
| 2023 | $1.8B | $123M | $56M | $-104M | 10.7% | 35.1% | 78.6% |
| 2022 | $1.3B | $76M | $31M | $-158M | 6.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,349.54 | 1,823.43 | 1,714.51 | 1,486.73 |
| Cost Of Revenue | 1,244.93 | 1,667.26 | 1,574.25 | 1,382.32 |
| Gross Profit | 104.60 | 156.16 | 140.26 | 104.40 |
| Operating Expense | 52.05 | 68.44 | 65.73 | 50.27 |
| Operating Income | 52.55 | 87.73 | 74.52 | 54.13 |
| EBITDA | 75.80 | 123.42 | 86.07 | 77.97 |
| EBIT | 46.39 | 91.01 | 48.04 | 40.97 |
| Pretax Income | 43.73 | 74.74 | 25.20 | 26.23 |
| Tax Provision | 12.48 | 18.91 | 4.69 | 9.24 |
| Net Income | 31.25 | 55.83 | 20.51 | 16.98 |
| Net Income Common Stockholders | 31.21 | 55.75 | 20.49 | 16.96 |
| Total Expenses | 1,296.99 | 1,735.70 | 1,639.99 | 1,432.59 |
| Interest Expense | 2.65 | 16.26 | 22.84 | 14.74 |
| Interest Income | 0.08 | 0.15 | 0.64 | 0.77 |
| Selling General And Administration | 53.44 | 68.65 | 66.63 | 50.27 |
| Normalized EBITDA | 81.54 | 119.95 | 112.06 | 87.70 |
| Normalized Income | 35.36 | 53.24 | 41.67 | 23.29 |
| Basic EPS | 1.24 | 2.24 | 0.82 | 0.68 |
| Diluted EPS | 1.24 | 2.22 | 0.81 | 0.68 |
| Tax Effect Of Unusual Items | -1.64 | 0.88 | -4.84 | -3.43 |
| Tax Rate For Calcs | 0.29 | 0.25 | 0.19 | 0.35 |
| Total Unusual Items | -5.75 | 3.47 | -25.99 | -9.74 |
| Total Unusual Items Excluding Goodwill | -5.75 | 3.47 | -25.99 | -9.74 |
| Net Income From Continuing Operation Net Minority Interest | 31.25 | 55.83 | 20.51 | 16.98 |
| Reconciled Depreciation | 29.41 | 32.42 | 38.03 | 36.99 |
| Reconciled Cost Of Revenue | 1,244.93 | 1,667.26 | 1,574.25 | 1,382.32 |
| Net Interest Income | -3.27 | -16.82 | -23.07 | -14.99 |
| Net Income From Continuing And Discontinued Operation | 31.25 | 55.83 | 20.51 | 16.98 |
| Total Operating Income As Reported | 52.55 | 87.73 | 49.28 | 45.53 |
| Diluted Average Shares | 25.22 | 25.08 | 25.28 | 25.02 |
| Basic Average Shares | 25.11 | 24.90 | 25.08 | 24.78 |
| Diluted NI Availto Com Stockholders | 31.21 | 55.75 | 20.49 | 16.96 |
| Otherunder Preferred Stock Dividend | 0.04 | 0.08 | 0.02 | 0.02 |
| Net Income Including Noncontrolling Interests | 31.25 | 55.83 | 20.51 | 16.98 |
| Net Income Continuous Operations | 31.25 | 55.83 | 20.51 | 16.98 |
| Other Income Expense | -5.55 | 3.84 | -26.25 | -12.91 |
| Other Non Operating Income Expenses | 0.19 | 0.37 | -0.26 | -3.18 |
| Special Income Charges | 0 | 0 | -25.25 | -8.60 |
| Write Off | 0 | 0 | 17.04 | -2.39 |
| Impairment Of Capital Assets | 0 | 0 | 5.82 | 0 |
| Restructuring And Mergern Acquisition | 0 | 0 | 2.39 | 10.99 |
| Gain On Sale Of Security | -5.75 | 3.47 | -0.74 | -1.14 |
| Net Non Operating Interest Income Expense | -3.27 | -16.82 | -23.07 | -14.99 |
| Total Other Finance Cost | 0.69 | 0.71 | 0.87 | 1.02 |
| Interest Expense Non Operating | 2.65 | 16.26 | 22.84 | 14.74 |
| Interest Income Non Operating | 0.08 | 0.15 | 0.64 | 0.77 |
| Other Operating Expenses | -1.38 | -0.21 | -0.89 | 0 |
| Operating Revenue | 1,349.54 | 1,823.43 | 1,714.51 | 1,486.73 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Kimball Electronics, Inc.this co. | KE | $634M | 26.85↑ premium | 1.09 | 3.0% | 7.32 |
| Serve Robotics Inc. | SERV | $680M | - | 1.92 | -28.9% | -4.28 |
| Safe Bulkers, Inc. | SB | $675M | 22.00 | 0.81 | 4.6% | 8.44 |
| FTAI Infrastructure Inc. | FIP | $670M | - | 30.98 | -1673.3% | 32.46 |
| Himalaya Shipping Ltd. | HSHP | $644M |
| 36.11 |
| 3.96 |
| 10.9% |
| 13.33 |
| Universal Logistics Holdings, Inc. | ULH | $635M | - | 1.17 | -18.5% | 7.61 |
| Spire Global, Inc. | SPIR | $609M | 10.61 | 4.64 | 45.4% | -6.38 |
| Cass Information Systems, Inc. | CASS | $598M | 19.90 | 2.47 | 14.5% | 8.02 |
| Mistras Group, Inc. | MG | $588M | 34.89 | 2.48 | 7.1% | 9.91 |
| Peer Median | - | 22.00 | 2.48 | 5.9% | 8.23 | |