NASDAQ$KE

Kimball Electronics Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Kimball Electronics reported Q4 2020 results with a net sales decrease of 10% year-over-year and a net loss, but adjusted net income was positive.

Kimball Electronics reported a decrease in net sales by 10% compared to the fourth quarter of fiscal year 2019. The company experienced a net loss of $1.3 million, but adjusted net income (non-GAAP) was $8.5 million. The medical vertical saw a 23% increase in sales, while the automotive vertical faced a decline due to plant shutdowns.

  • Net sales decreased by 10% year-over-year, totaling $286 million.
  • Net loss was $1.3 million, including a non-cash goodwill impairment charge and after-tax non-operating charge related to the GES acquisition.
  • Adjusted net income (non-GAAP) reached $8.5 million.
  • Cash flows from operating activities were strong at $21.5 million.

Headline financials

Total Revenue

$286M

Previous: $319M-10.2%
EPS (adj)

$0.34

Previous: $0.29+17.2%
Cash Conversion Days

81

No prior period
Capital Expenditures

$10.8M

Previous: $9.43M+14.9%
Free Cash Flow

$10.7M

Previous: $2.81M+280.0%
Net Income

-$1.27M

Previous: $7.53M-116.9%
Operating Income

$1.61M

Previous: $10.3M-84.4%
Gross Profit

$20.9M

Previous: $23.2M-9.9%
Cash & Equivalents

$65M

Previous: $49.3M+31.9%
Total Assets

$775M

Previous: $764M+1.4%
Stock-Based Comp

$916K

Previous: $1.42M-35.4%

Revenue & EPS history

Kimball Electronics · Revenue · Quarterly

$286M

Q4 2020-10.2%vs Q4 2019
Beat estimate in 4 of 5 quarters(80%)
ActualEstimate

Revenue by segment

Kimball Electronics · $272M total across 3 segments · Q4 2020

  • Medical
    $124M+23.1%
  • Industrial
    $74.3M+8.8%
  • Automotive
    $73.7M-42.7%

Forward guidance

The company expects momentum in the medical vertical to continue during the first half of fiscal year 2021 and automotive industry restart has been slower than expected, the company is encouraged to see June-ending run rates start to approach pre-COVID-19 levels.

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 Q4 2020

Historical avgQ4 2020

-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

Earnings price reactions
QuarterReport dateReaction (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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