KE

EX-99.1

2 exhibit9918k9302026q110q.htm

KIMBALL ELECTRONICS, INC. EX-99.1

Document

Exhibit 99.1

KIMBALL ELECTRONICS REPORTS Q1 RESULTS HIGHLIGHTED BY THE RETURN TO TOP-LINE GROWTH; COMPANY REITERATES GUIDANCE FOR FISCAL 2027 WITH SALES EXPECTED AT THE HIGH END OF THE RANGE

JASPER, Ind., November 4, 2026 -- (BUSINESS WIRE) -- Kimball Electronics, Inc. (Nasdaq: KE) today announced financial results for the first quarter ended September 30, 2026.

“I’m encouraged by our first quarter results and solid start to fiscal 2027. Sales increased both sequentially and year-over-year, margins were healthy, and cash conversion days were once again at a multiyear low. The top line benefited from organic sales growth and the contribution from Helvoet Polymer Technologies, our recent tuck-in acquisition in the medical CDMO. The organic growth was in line with expectations and driven by a high single-digit increase in Medical. This growth aligns with our strategic focus to balance the portfolio across the verticals.

Our excitement for the overall fit and growth opportunities of Helvoet are higher now than ever. With the backdrop of a strong balance sheet, we’re investing in medical growth by integrating Helvoet, ramping operations in Indianapolis, leveraging our capabilities as a full service provider, and unlocking synergies across our global footprint. Fiscal 2027 marks an important milestone in our journey and we are reiterating our guidance for the year with sales expected at the high end of the range, driven by continued strength in Medical.”

Richard D. Phillips

Chief Executive Officer

First Quarter 2027 Highlights

•Net sales of $390.8 million, a 5% increase sequentially and up 7% compared to Q1 fiscal 2026

•Year-over-year organic sales growth of 3%, driven by increases in all verticals

•Medical sales increased 14% with 9% organic growth

•Operating income of $12.4 million, or 3.2% of net sales; adjusted operating income margin of 4.3% of net sales

•Cash Conversion Days of 82, equaling the multiyear low from last quarter

•Debt totaling $235.7 million, cash of $72.8 million, and borrowing capacity of $198.0 million

•Invested $3.1 million to repurchase 127,000 shares of common stock

•Company reiterates guidance for fiscal 2027 with sales expected at the high end of the range, driven by continued strength in the Medical vertical

Net Sales by Vertical Market For Q1 Fiscal 2027

Sales in the medical vertical market increased 14% compared to the first quarter of fiscal 2026, while sales in the industrial and automotive vertical markets increased and 5% and 4%, respectively.

* Percentage of net sales.

**Percentage changes compared to Q1 of fiscal 2026.

FISCAL YEAR 2027 GUIDANCE

As part of today’s announcement, the Company reiterated its guidance for fiscal 2027 with net sales expected at the high end of the range of $1,535 - $1,560 million, adjusted operating income of 4.4% - 4.7% of net sales, and capital expenditures of $50 - $60 million.

Conference Call / Webcast

Thursday, November 5, 2026

Live Webcast:

investors.kimballelectronics.com/events-and-presentations/events

For those unable to participate in the live webcast, the call will be archived at investors.kimballelectronics.com.

Forward-Looking Statements

Certain statements contained within this release are considered forward-looking, including our guidance, under the Private Securities Litigation Reform Act of 1995. The statements may be identified by the use of words such as “expect,” “should,” “goal,” “predict,” “will,” “future,” “optimistic,” “confident,” and “believe.” Undue reliance should not be placed on these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from our expectations and projections. These forward-looking statements are subject to risks and uncertainties including, without limitation, global economic conditions, geopolitical environment and conflicts such as war, global health emergencies, availability or cost of raw materials and components, tariffs and other trade barriers, foreign exchange rate fluctuations, and our ability to convert new business opportunities into customers and revenue. Additional cautionary statements regarding other risk factors that could have an effect on the future performance of the company are contained in its Annual Report on Form 10-K for the year ended June 30, 2026.

Non-GAAP Financial Measures

This press release contains non-GAAP financial measures. The non-GAAP financial measures contained herein include organic sales growth, adjusted selling and administrative expenses, adjusted operating income, adjusted EBITDA, adjusted net income, and adjusted diluted EPS. Reconciliations of the reported GAAP numbers to these non-GAAP financial measures are included in the Re

EX-99.1

2 exhibit9918k6302026q410k.htm

KIMBALL ELECTRONICS, INC. EX-99.1

Document

Exhibit 99.1

KIMBALL ELECTRONICS REPORTS Q4 RESULTS;

COMPANY PROVIDES GUIDANCE FOR FISCAL 2027 HIGHLIGHTED BY ORGANIC SALES GROWTH AND ACCRETIVE IMPACT OF THE HELVOET ACQUISITION

JASPER, Ind., August 12, 2026 -- (BUSINESS WIRE) -- Kimball Electronics, Inc. (Nasdaq: KE) today announced financial results for the fourth quarter and full fiscal year ended June 30, 2026.

“I’m proud of our results in the fourth quarter and very good finish to fiscal 2026. Sales in Q4 were in line with expectations, adjusted operating income was better than estimates, and we generated strong cash from operations, which was used to pay down debt to its lowest level in over 4 years. Our balance sheet continued to strengthen and we are actively leveraging it to make strategic investments in growth in the medical CDMO space, such as the buildout of our new medical facility in Indianapolis and the acquisition of Helvoet Polymer Technologies.

Our guidance for fiscal 2027 is highlighted by organic sales growth and the accretive impact from Helvoet. We are expecting Medical to continue to outpace the other two verticals and represent more than one-third of total Company sales in the fiscal year, which is in line with our objective to balance the portfolio across the markets we serve. Our strategic journey continues to build, and so does my excitement for the future of this Company.”

Richard D. Phillips

Chief Executive Officer

Fourth Quarter 2026 Highlights

•Net sales of $371.6 million, a 5% sequential increase with all end-market verticals posting gains

•Operating income of $29.1 million, or 7.8% of net sales; adjusted operating income margin of 4.9% of net sales

•Cash from operations of $42.4 million, the tenth consecutive quarter of positive operating cash generation

•Debt of $116.6 million, the lowest level in over 4 years

•Cash of $88.9 million and borrowing capacity of $322.4 million

•Cash Conversion Days of 82, the best result in 17 quarters

•Invested $2.1 million to repurchase 83,000 shares of common stock

•Company provides guidance for fiscal 2027 highlighted by organic sales growth and the accretive impact of Helvoet Polymer Technologies

Net Sales by Vertical Market For Q4 Fiscal 2026

Sales in the medical vertical market increased 1% compared to the fourth quarter of fiscal 2025, while sales in the automotive and industrial vertical markets decreased 3% and 5%, respectively.

* Percentage of net sales.

**Percentage changes compared to Q4 of fiscal 2025.

FISCAL YEAR 2026 HIGHLIGHTS

•Net sales totaled $1,431.4 million, with Medical increasing over 10%, after normalizing fiscal 2025 for a consigned inventory sale

•Operating income of $66.1 million, or 4.6% of net sales, adjusted operating income margin of 4.6% of net sales

•Cash generated from operating activities of $72.3 million

•Invested $11.9 million to repurchase 447,000 shares of common stock

“As we expected, fiscal 2026 was a year of transition and I am impressed with our team’s resilience and ability to deliver results in a challenging environment. As a CFO who takes great pride in the condition of our balance sheet, we exited the fiscal year in a position of strength, with plenty of dry powder in the form of borrowing capacity and available cash to strategically invest. Our guidance for fiscal 2027 projects a return to top line growth and we will be leveraging the balance sheet to support those efforts.”

Jana T. Croom

Chief Financial Officer

FISCAL YEAR 2027 GUIDANCE

•Net sales in the range of $1,535 - $1,560 million, a 7% - 9% increase compared to fiscal 2026

◦Organic sales growth of 3% - 5%, with Medical increasing in the high single to low double-digit range

◦Helvoet sales of approximately $60 million

•Adjusted operating income of 4.4% - 4.7% of net sales

•Capital expenditures of $50 - $60 million

Conference Call / Webcast

Thursday, August 13, 2026

Live Webcast:

investors.kimballelectronics.com/events-and-presentations/events

For those unable to participate in the live webcast, the call will be archived at investors.kimballelectronics.com.

Forward-Looking Statements

Certain statements contained within this release are considered forward-looking, including our guidance, under the Private Securities Litigation Reform Act of 1995. The statements may be identified by the use of words such as “expect,” “should,” “goal,” “predict,” “will,” “future,” “optimistic,” “confident,” and “believe.” Undue reliance should not be placed on these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from our expectations and projections. These forward-looking statements are subject to risks and uncertainties including, without limitation, global

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