Kimball Electronics Reports Q1 2027 Revenue Growth Driven by Medical and Automotive Verticals
Kimball Electronics (KE) reported a return to year-over-year revenue growth for the first quarter of fiscal 2027, with net sales reaching $390.8 million, a 7% increase compared to the prior year. This growth was fueled by organic demand and the initial consolidated contributions from the Helvoet acquisition. The medical vertical showed significant strength with a 14% increase in sales, while the automotive segment grew by 4%, despite headwinds from sluggish electric vehicle demand in North America. Despite the revenue gains, adjusted net income fell to $6.1 million from $12.3 million in the previous year, primarily due to an elevated effective tax rate of 66.1% resulting from cash repatriation used for acquisitions. While EBITDA saw a slight increase to $27.6 million, management noted that near-term margins may face pressure from medical investments and facility ramps. The company maintains a positive outlook with full-year sales guidance between $1.535 billion and $1.560 billion.
Tickers: $KE
Topics: Adjusted EPS Net Sales Organic Growth Segment Performance
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