Kimball Electronics publishes fiscal Q1 2027 earnings call transcript
KE•Kimball Electronics reported fiscal first-quarter sales up 7% to $390.8 million and adjusted earnings of $0.25 per diluted share, down from $0.49 a year earlier. It reaffirmed guidance, with sales targeted near the $1.56 billion upper bound and adjusted operating margin projected at 4.4%-4.7%.
1. Quarterly results and guidance
Kimball Electronics' November 5 earnings call featured CEO Ric Phillips, CFO Jana Croom and investor-relations executive Andrew Regrut. Management reaffirmed guidance, targeting sales near the $1.56 billion upper bound and an adjusted operating margin of 4.4%-4.7%.
2. Medical growth and production
Medical sales increased 14% to $116 million. Croom expects double-digit core medical growth, above the quarter's 9% organic increase. Indianapolis medical production is scheduled to start in December, and management expects facility ramp-up costs to continue weighing on near-term margins.
