NASDAQ$KE
Kimball Electronics Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported record revenue and expanding operating margin.
Kimball Electronics reported an all-time quarterly high in revenue, reaching $484.7 million, a 32% increase year-over-year. Operating income was $25.2 million, or 5.2% of net sales, compared to $20.3 million, or 5.5% of net sales, in the same period last year. The company is updating its outlook for fiscal year 2023 with sales expected at the high-end and adjusted operating margin in the mid-to-low end of its guidance range.
- Net sales reached an all-time quarterly high of $484.7 million, up 32% year-over-year.
- Operating income was $25.2 million, or 5.2% of net sales.
- Adjusted operating income was $25.6 million, or 5.3% of net sales.
- Net income was $16.4 million, or $0.65 per diluted share.
Headline financials
Revenue & EPS history
Kimball Electronics · Revenue · Quarterly
$485M
Revenue by segment
Kimball Electronics · $477M total across 3 segments · Q3 2023
- Automotive$216M+33.7%45.3%
- Medical$134M+30.2%28.1%
- Industrial$127M+50.4%26.6%
Forward guidance
The company is updating its outlook for fiscal year 2023, with sales expected at the high-end and adjusted operating margin in the mid-to-low end of its guidance range.
Tailwinds
- Net sales in the range of $1.7 - $1.8 billion, a 26% - 33% increase compared to the prior year
- Solid finish in the fourth quarter
- Ramping up new and existing programs
- Leveraging recent facility expansions in Thailand and Mexico
- Path to $2 billion in annual revenue is within our sights
Headwinds
- Macro environment remains challenging
- Global economic conditions
- Geopolitical environment and conflicts such as the war in Ukraine
- Global health emergencies including the COVID-19 pandemic
- Availability or cost of raw materials and components
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
-0.2%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+0.3%
Avg return
30 days after
47%
24 / 51 earnings
Positive
+25.1%
Q3 2025
Best reaction
-23.3%
Q2 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -8.1% | -4.9% | -10.1% | |
| Q2 2026 | -23.3% | -19.1% | -26.3% | |
| Q1 2026 | -1.0% | -6.4% | +1.3% | |
| Q3 2025 | +25.1% | +26.6% | +25.8% | |
| Q2 2025 | +0.7% | -7.4% | -7.3% | |
| Q1 2025 | +7.8% | +14.4% | +7.8% | |
| Q4 2024 | -8.6% | -8.0% | -13.1% | |
| Q3 2024 | +4.1% | +2.2% | +0.0% | |
| Q2 2024 | -15.6% | -11.0% | -10.1% | |
| Q1 2024 | -13.7% | -13.5% | -9.9% | |
| Q4 2023 | +5.8% | +2.0% | -0.1% | |
| Q3 2023 | +1.3% | +3.4% | +24.8% | |
| Q2 2023 | +6.3% | +1.2% | -1.3% | |
| Q1 2023 | +3.6% | +11.1% | +10.8% | |
| Q4 2022 | -5.0% | -3.6% | -7.3% | |
| Q3 2022 | +1.3% | -3.5% | +8.9% | |
| Q2 2022 | -5.2% | -7.9% | -3.4% | |
| Q1 2022 | -3.1% | -4.2% | -30.6% | |
| Q4 2021 | +8.8% | +8.6% | +19.4% | |
| Q3 2021 | -5.9% | -2.6% | -5.3% | |
| Q2 2021 | +18.7% | +25.4% | +27.3% | |
| Q1 2021 | +2.8% | +4.2% | +20.9% | |
| Q4 2020 | -4.2% | -4.1% | -11.1% | |
| Q3 2020 | -2.5% | +3.0% | +16.8% | |
| Q2 2020 | -0.9% | -4.4% | -22.0% | |
| Q1 2020 | +13.5% | +16.6% | +12.9% | |
| Q4 2019 | -3.9% | -8.7% | -19.0% | |
| Q3 2019 | +3.4% | +2.7% | -6.1% | |
| Q2 2019 | -3.0% | -3.8% | -2.6% | |
| Q1 2019 | -5.7% | -5.8% | -11.3% | |
| Q4 2018 | -4.7% | -0.2% | -2.7% | |
| Q3 2018 | +8.7% | +11.2% | +18.8% | |
| Q2 2018 | -4.2% | -4.2% | +1.7% | |
| Q1 2018 | -9.1% | -8.9% | -5.2% | |
| Q4 2017 | -4.8% | -3.2% | -1.3% | |
| Q3 2017 | -3.5% | -5.5% | +0.9% | |
| Q2 2017 | -1.5% | -2.9% | -5.3% | |
| Q1 2017 | -0.4% | +3.9% | +25.7% | |
| Q4 2016 | -3.0% | -1.4% | -1.8% | |
| Q3 2016 | -0.9% | — | — | |
| Q2 2016 | -1.8% | — | — | |
| Q1 2016 | -2.7% | — | — | |
| Q4 2015 | +3.9% | — | — | |
| Q3 2015 | +2.9% | — | — | |
| Q3 2014 | +2.9% | — | — | |
| Q2 2014 | +7.0% | — | — | |
| Q2 2015 | +7.0% | — | — | |
| Q1 2014 | +0.6% | — | — | |
| Q4 2014 | +0.6% | — | — | |
| Q4 2013 | +0.6% | — | — | |
| Q1 2015 | +0.6% | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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