Kimball Electronics (KE) Tops Q4 EPS by 14c

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Go back to Kimball Electronics (KE) Tops Q4 EPS by 14c

Kimball Electronics, Inc. Reports Fourth Quarter And Fiscal Year 2020 Results

August 18, 2020 4:05 PM EDT

Net sales in the fourth quarter were $286 million, down 10% year-over-yearFourth quarter net loss of $1.3 million, which includes a non-cash after-tax goodwill impairment charge of $6.9 million and after-tax non-operating charge of $2.9 million related to the finalization of the net working capital adjustment after the measurement period for the GES acquisitionAdjusted net income (non-GAAP) of $8.5 millionLoss per share of $0.05 and adjusted diluted earnings per share (non-GAAP) of $0.34 for the quarterStrong cash flows provided by operating activities of $21.5 million during the fourth quarter

JASPER, Ind., Aug. 18, 2020 (GLOBE NEWSWIRE) -- Kimball Electronics, Inc.... More