Kimball Electronics Q1 adjusted profit misses estimates; sales slightly beat on medical growth
KE•Kimball Electronics reported Q1 sales of $390.8 million, slightly above estimates, while adjusted EPS of $0.25 missed the $0.40 consensus. It reiterated fiscal 2027 guidance, expecting sales at the high end of its $1.535 billion-$1.56 billion range.
1. Quarterly results
Q1 sales rose 7% year over year to $390.8 million, slightly beating the $389.85 million estimate. Adjusted EPS was $0.25, below the $0.40 estimate; adjusted net income was $6.12 million versus $10.8 million expected.
2. Growth and outlook
Medical sales rose 14%, including 9% organic growth, and acquired Helvoet Polymer Technologies contributed $12.4 million in sales. Kimball Electronics expects fiscal 2027 sales at the high end of its $1.535 billion-$1.56 billion range, an adjusted operating margin of 4.4%-4.7%, and capital expenditures of $50 million-$60 million.
