Kimball Electronics is a prominent manufacturing services company that specializes in providing comprehensive electronic manufacturing solutions, including engineering, design, and supply chain management
The company caters to various industries, such as medical, automotive, industrial, and commercial sectors, emphasizing quality and innovation in its offerings. By leveraging advanced technologies and a skilled workforce, Kimball Electronics delivers customized products and services that meet the diverse needs of its clients, fostering long-term partnerships and contributing to successful outcomes in their respective markets.
Global electronics contract manufacturer Kimball Electronics (NYSEKE) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 15.2% year on year to $357.4 million. The company’s full-year revenue guidance of $1.42 billion at the midpoint came in 4.4% below analysts’ estimates. Its non-GAAP profit of $0.29 per share was 28.9% above analysts’ consensus estimates.
Over the past six months, Kimball Electronics’s shares (currently trading at $19) have posted a disappointing 11.9% loss, well below the S&P 500’s 7.5% gain. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Kimball Electronics (NASDAQKE) and the best and worst performers in the electrical systems industry.
Global electronics contract manufacturer Kimball Electronics (NYSEKE) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 14.6% year on year to $374.3 million. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $1.49 billion at the midpoint. Its GAAP profit of $0.12 per share was 46.7% below analysts’ consensus estimates.
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the electrical systems industry, including Powell (NASDAQPOWL) and its peers.
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