Kimball Electronics, Inc.

Listed Company

KECIK 0001606757NasdaqAcceleratedPrinted Circuit BoardsIndianaFY ends Jun 30

Period

FY 2025

Revenue

$1.49B

Net Income

$16.98M

Total Assets

$1.08B

Equity

$569.88M

Shares Out

24.21M

Op. Cash Flow

$183.94M

Business

Kimball Electronics, Inc. provides contract manufacturing and CMO solutions focused on durable, high‑reliability electronics and higher‑level assemblies. It offers production and testing of printed circuit board assemblies, high‑level and final assembly, design and engineering support, supply chain and new product introduction services, medical disposables and drug‑delivery devices, precision molded plastics, clean room assembly, sterilization and full product life‑cycle management. The company operates a single aggregated reportable segment delivering integrated engineering, manufacturing and supply chain services across automotive, medical and industrial end markets. It serves multinational customers globally via a CRM model, manufacturing in the United States, China, Mexico, Poland, Romania, and Thailand.

Summary from filing dated 2025-08-22

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Revenue from Contract with Customer, Excluding Assessed Tax	1,487	1,715	1,823	1,350	1,292
Cost of Sales	1,382	1,574	1,667	1,245	1,174
Gross Profit	104	140	156	105	118
Selling and Administrative Expenses	50	67	69	53	53
Other General Income	0	−892,000	−212,000	−1	−372,000
Restructuring Charges	11	2	0	0	—
Goodwill, Impairment Loss	0	6	0	0	0
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	−2	17	0	—	—
Operating Income	46	49	88	53	66
Interest income	771,000	638,000	153,000	81,000	102,000
Interest expense	−15	−23	−16	−3	−2
Non-operating income (expense), net	−5	−2	3	−6	6
Other expense, net	−19	−24	−13	−9	4
Income Before Taxes on Income	26	25	75	44	70
Provision for Income Taxes	9	5	19	12	13
Net Income	17	21	56	31	57
Earnings Per Share, Basic	0.68	0.82	2.24	1.24	2.26
Earnings Per Share, Diluted	0.68	0.81	2.22	1.24	2.24
Average Number of Shares Outstanding, Basic	25	25	25	25	25
Average Number of Shares Outstanding, Diluted	25	25	25	25	25

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	89	78	43	50	106
Receivables, net of allowances of $102 and $1,002, respectively	223	282	308	223	203
Contract assets	72	76	79	64	46
Inventories	274	338	450	396	200
Prepaid expenses and other current assets	36	45	49	29	27
Assets held for sale	7	28	0	—	—
Total current assets	700	847	929	761	583
Property and Equipment, net of accumulated depreciation of $334,465 and $309,499, respectively	265	270	268	207	163
Goodwill	6	6	12	12	12
Other Intangible Assets, net of accumulated amortization of $28,227 and $27,300, respectively	2	3	12	15	17
Other Assets, net	104	82	38	41	38
Total Assets	1,077	1,208	1,260	1,036	814
Current portion of long-term debt	17	60	47	36	26
Accounts payable	219	214	322	300	217
Advances from customers	36	30	34	26	—
Accrued expenses	46	63	73	47	58
Liabilities held for sale	0	9	0	—	—
Total current liabilities	319	375	475	409	301
Long-term debt under credit facilities, less current portion	130	235	235	145	40
Long-term income taxes payable	0	3	6	8	9
Other long-term liabilities	59	54	20	20	22
Total other liabilities	189	292	261	173	71
Preferred stock-no par value	0	0	0	0	0
Common stock-no par value	0	0	0	0	0
Additional paid-in capital	323	319	315	311	308
Retained earnings	334	317	296	240	209
Accumulated other comprehensive loss	1	−18	−11	−20	−5
Treasury stock, at cost	−88	−78	−76	−78	−70
Total Share Owners Equity	570	540	524	454	442
Total Liabilities and Share Owners Equity	1,077	1,208	1,260	1,036	814

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	37	38	32	29	34
Gain on sales of assets	−1	−15,000	−23,000	90,000	66,000
Deferred income taxes	−6	−9	−2	772,000	−6
(Gain on disposal) asset impairment	−2	17	0	—	—
Stock-based compensation	7	7	7	6	4
Other, net	6	3	33,000	2	1
Receivables	72	8	−82	−26	−28
Contract assets	5	2	−15	−18	24
Inventories	75	64	−50	−203	19
Prepaid expenses and other assets	−466,000	−6	−13	−5	−2
Accounts payable	−3	−103	20	89	14
Advances from customers	−6	35	8	23	565,000
Accrued expenses and taxes payable	−14	−11	25	−12	12
Net cash provided by operating activities	184	73	−14	−83	130
Capital expenditures	−33	−46	−89	−74	−38
Proceeds from sales of assets	383,000	499,000	316,000	456,000	513,000
Purchases of capitalized software	−399,000	−966,000	−1	−757,000	−970,000
Net proceeds from disposal	19	0	0	—	—
Other, net	85,000	20,000	−95,000	−540,000	43,000
Net cash used for investing activities	−15	−47	−90	−75	−39
Proceeds from credit facilities	100	0	105	100	0
Payments on credit facilities	−238	0	0	0	−47
Additional net change in revolving credit facilities	−10	13	−4	15	−6
Repurchases of common stock	−12	−3	0	−9	−3
Payments related to tax withholding for stock-based compensation	−1	−1	−1	−2	−771,000
Debt issuance costs	−499,000	−150,000	−100,000	−652,000	0
Net cash (used for) provided by financing activities	−161	9	99	104	−53
Effect of Exchange Rate Change on Cash, Cash Equivalents, and Restricted Cash	2	−755,000	−895,000	−2	3
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	11	35	−6	−57	41
Income taxes	13	27	14	14	13
Interest expense	18	19	15	2	3
Unpaid purchases of property and equipment at the end of the year	4	1	3	5	4

Filings

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