KE - Earnings call transcript Q2 2025 | Kimball Electronics, Inc.

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Operator

Good morning, ladies and gentlemen. Welcome to the Kimball Electronics Second Quarter Fiscal 2025 Earnings Conference Call. My name is Daryl, and I will be the facilitator for today's call. [Operator Instructions] Today's call, February 5, 2025, is being recorded. A replay of the call will be available on the Investor Relations page of the Kimball Electronics website. would Treasurer turn and I to call time, Regrut, Andy Investor this like the to over At Relations Officer. Mr. begin. may you Regret,

Richard Phillips

Thank Croom, here everyone. conference presentation morning, Steve Korn, our you, our Officer; Officer; Officer. and quarter and We Operating XXXX accompany release second Jana for Chief Welcome Executive the call. page Financial the of is a fiscal today results today's to to afternoon To second XXXX. me our Chief Ric ended Chief Phillips, been with yesterday With XX, Investor good a issued on press website. December posted our has call, quarter Relations company

and harbor and SEC remind in we that can statements be release we uncertainty started, provisions our from subject press that will and risk differ forward-looking forward-looking and our to as materially like Before the are get stated safe to results actual you making filings involve I'd that statements.

be before non-GAAP Ric the call for our few commentary complete morning, start press will will focused in Our comments. Ric opening XXXX, on release. available of the will fiscal and results. our GAAP now and the with non-GAAP questions. are adjusted your Jana guidance to review prepared for quarter the Ric. I'll results financial remarks today turn This amounts taking to over Reconciliations a will call

Michael Morales

with in on period and for as good of were focusing demand second line continue expectations customer controllable. what while Andy, to Thanks, morning, Results a declining everyone. we quarter is navigate sustained the

nearly lower reduced levels ago. down activities quarter, than was For paid a from inventory XX% generated year borrowings was debt consecutive operating the fourth with and were cash flow positive,

liquidity to in the the business. current sheet balance powder to along weather with our invest opportunistically growing improved meaningfully and Our provides necessary dry challenges, ample

medical with that the business, restructuring company divestiture growth utilization strategically of our plant the improved includes planned assets and from AT&M a increased being plan repositioned return noncore The with on facility in is Tampa CMO. the the the for to closing of focus

in attractive new spaces markets all been Our our sharpened X have efforts vertical that with capabilities. align to target

optimistic the necessary overnight. the that happen While future, we for changes we remain acknowledge won't

expectations anticipate a time fiscal revised full will return our be we more have as stabilize the and we the needed year for to growth historical As to result, business patterns. our

with Net XX% decline when perspective, excluding sales From $XXX market in in were of a with North XX% net offset sales. to Europe. serve end and sales in X automotive, last AT&M, year in an million, X% were second company total a Starting quarter quarter quarter. the we double-digit the by an million, totaled the Asia, declines increase America verticals representing $XXX the and of compared down each year-over-year second of decrease

end-of-life America production. America continue second in production of record rates lower heavily support in demand to is offset strength, business And quarter, North was largest strong, customer. overstocking, in China and were for consecutive North reaching our from concentrated This high in however, the where automotive Our results China. and soften with volumes monthly levels

short year-over-year continues braking for system Reynosa experience in continue is wind the the the automotive in customer, longer In in were market conclude electronic that is to Europe associated with where addition, Sales original with we of to scheduled producing our down in line OEM. to X the expectations. are Tier activities support program challenges. Operating down the this order, vertical which as a in our no supplier program also

of the in the we're first in side, in shipments new braking our process positive the ramping where we On Romania program up saw January.

that predominantly to occurred period decline company. compared XX% the million, XX% largest of in sales program decrease net last The With impacts is year QX Next total customer. to a $XX revenue our Asia in a is in and quarter of an related of decline and of result the of same going adjacent recall and to life medical as FDA in medical. end America continued North a Thailand related

the you this customer recall, for FY bulk revenue in of occurred 'XX. loss If

are seeing declines to still parts repair of existing production and machines. for we However, related our kits

part prospects growth, higher-level we're return encouraged and our finished As medical focus assemblies of this by to with devices. vertical longer-term the in on

customer. were the mentioned as Respiratory recently of and late our we As Final in largest last are quarter, business toward Care this Assembly program the working fiscal the launch supplier medical selected sole And for we HLA of we XXXX.

and and electronics cold complete support assemblies include Our beyond all and chain operations as such printed as precision manufacturing auto-injectors. circuit selected extend multi drug the as of of delivery management, production a such board injected plastics, devices capabilities CMO assembly device which

size and capabilities drug as the precision are we accuracy become differentiator levels more and ages, get consumer attractive higher emerge looking with access very a CMO elevate in and continue similar overall vertical integration capabilities. additional prominence footprint growth, opportunities These affordability are To our our pace a market as an of and health growth an increases. and adjacencies through and production require with in as expect keep of connected adoption to manufacturing to common delivery we population the systems industry increases, devices care medical smaller to to expanded

are decrease the customers year. to lower Jana? Europe, representing for loss million, the AT&M XX% and financial for experiencing continued updated slightly our and on provide results Finally, programs net sales. now total metering to down were North our from where of full in in the year-over-year and moderate commoditization details with sales Industrial The declines in XX% more in public QX over company climate guidance and $XX Asia smart share America when occurred reductions was Jana excluding of turn controls I'll market call sales safety. and

Jana Croom

and Ric, morning, you, everyone. Thank good

the As Ric were XX% second in a million, decrease year-over-year, AT&M. highlighted, when $XXX.X quarter XX% net sales excluding

the increase rate however, sequential had the quarter result second sales gross a were by QX in declining a and a in down automotive. with offset on exchange single-digit fiscal low decrease medical partially compared of impact a sales. in XXXX, driven XXX industrial from decline of sales X.X%, verticals, absorption, both QX, The a basis, coming to On to basis Foreign X% margin in near lower compared was by declines X the point QX.

Adjusted year reported selling full to with second discretionary bonus with in the year. demand, decrease by expense expense, and to administrative quarter or to driven a million, current efforts quarter XXXX. QX was $XX.X $XX.X million align compared spending we compared lower no this fiscal expense our was The last reduction XX% AT&M $X.X million along a the in in

ago, were recorded a a allowance million year again. compared a addition, not $X selling When required point sales, XX year. losses, as which for of credit an and basis recall, In we X.X%, expenses improvement percentage to if administrative in adjusted was X.X% QX you measured last

X.X%, fluctuations the Our of as will net sales we remains times expectation current prudently although be there environment. expense a percentage look as work at rightsize we through to SG&A for while

Adjusted was operating year's which adjusted $XX.X or net the sales. for or million $XX.X of sales, of X.X% compares net results million X.X% quarter second income of to last

change. the and have million anticipated tax reduction This AT&M year, year The expense to business. reflect income the norm on these from a down in compensation to the as of expense we driven X.X% by calculation reconcile from has the reminder, The last industry stock QX compared XXXX. expense this allowance we a the of metrics. our facility $X.X $X.X result was XX% with of being the lower Other of the second year-over-year. XX.X% of of last excluding recast million interest was due primarily As adopted been quarter expense, Tampa effective expense valuation closure to with to rate sale in the fiscal is reversal compared of

diluted the net million Adjusted tax share year QX in net diluted in rate full in mid-XXs expect $X.X share. was per income or the second $X.XX year. XXXX quarter compared the to adjusted or million $X.XX last $X.X of for income of We the fiscal fiscal per

sheet. activities quarter. million, quarter XXXX, last XXX flow million. in Turning consecutive days fiscal was our equivalents XX, positive were December days XXXX the by were quarter $XX.X compared cash and QX Cash at of Cash the balance of conversion flow. days to now in fourth operating XXX $XX.X XXX and cash Cash generated days to

to days pleased managing progress actively by components our and are the on continuing with are conversion focus improving cash thus We far.

million between Inventory reducing with we're down Again, ended the fiscal compared maintenance to plus $XXX unused were which Capital of $XX to or Borrowings the liquidity XX% as $XX facilities and second $XXX.X and at the Short-term investment quarter the beginning million, customers million our available December $X.X from reduction a we'll QX to ago. quarter million, balanced and reduction million and in work lower $XXX in the of growth. were the second continue from credit $XX at of XX% were first equivalents outlook. million a current demand rightsize totaled quarter. our our cash in represents expenditures cash the at XXXX, $XXX.X progress inventory, and quarter year million, a pleased requirements than the end long-term XX, million represented portion year. the with

a liquidity mirrors a provides with setting that revolver, channels. during to business a syndicate. up with replacing $XXX and structure our has future we what the The Loan added to TLA that was sidecar the through lender well capital the the the a balance to Loan example working can off-cycle our is grow of capital is with highlight domestic that control A new for enhanced grid credit needed as to and sheet operating for renewal QX, Term the needs, the a amendment and efforts additional meet significantly great January is same the supporting pricing in revolver. growth. we up of The and of Term from It as This controlling that for and important other investments our we tenor facility, A amount organic million inorganic

as repurchase like during second authorized to invested purchasing needed and much our this been the all the repurchase for million $X million share our given total support to In $XX.X would common of has XXXX, X.X by shareholders shares shares. at returned of banking XXX,XXX Since our to diligence season. partners work, ongoing program, of lift Board hard well under million their stock. quarter, holiday October transaction, thank we Jasper their our as heavy the team particularly patience for on of here I occurred a

We have remaining program. $XX.X on repurchase million the

November of repurchase the the the million. Directors, unanimously of $XX program the by meeting Board increased share During Board

from fiscal mentioned, As X.X% for are billion previous year guidance of updating previous is million our X.X% now capital compared $XX expenditures estimate The in exit to million $X.XX to $X.XX sale net the to And of back X.X% of range I'll million billion. operating outlook X% expect of billion sales. we income estimated Adjusted for the the in costs total now this fully property over costs. net in $X.XX in $X.X associated to sales to to be to of and the the compared we now remains the the unchanged billion XXXX addition, at $X.X Ric. closing we guidance $XX Ric to exit of Tampa facility to net $X.X sales the million. guidance with our to to to proceeds range the expected at call of exceed turn of

Richard Phillips

Thanks, Jana.

Canada, As X on President implementing Canada. Mexico days goods XX X and virtually tariffs have on and Trump the paused now which case Mexico of know, been in from you February orders executive issued China, all

and solutions with understand in our customers supply best long the partnering term the and the for to term to are We the their short impacts chains. determine

its exports into Our XX% facility the United of States. to production XX% Mexico approximately

options Our customers' products. continue China, their are to will manufacturing Mexico review we use our from a There and to behalf on our U.S. customers. in import certain of facilities components variety with Canada

production to or customers be facility change may shift the Kimball location, tariffs. final Our pay to delivery another able Kimball's

also import including are U.S. manufacturing impact into the support that we locations. supply the chains, U.S. to We evaluating in goods our our the

for as chain As you customers they developments. to supply our these principles service, and given our customer guiding navigate our would Kimball and support overall expect, significant our ready reputation stands

team's for by with very and These honored with customer our whether ratings Awards. input, Lastly, X decade they we highest and are for being flexibility those customers, delivery, overall categories to all new in quality, the responsiveness, of focus based am In recognize a like Excellence value achieved manufacturing on customer timely regardless the price, once Assembly relationships consistent Service all I'd of of solely or Circuits dependability technology, I team again awards building overall on our worked direct or we've are long-term and proud satisfaction. more. for November,

of of priorities the our continuing difficult and demand to challenging role to on recovery by as a device the even a is our during variety and a common With The intensified support continuously strong likely driven have core through customer soften allowed culture well XXXX, in emerging EMS of and our a our for to of different that the most our and Kimball improve business we're broaden to becoming guiding calendar efforts team to capabilities known set increasingly markets medical we times. and year principles assemblies more promises we continuing timing and keep a us focused sheet, predict balance of high-level our growth, drug With pursuing CMO. technologies, have combinations. in paths

the As for excited for the future changes for your the I'm I and now to Daryl, overnight, would open these questions. but mentioned will support. we however, earlier, come you thank not lines of company, like

Operator

line with from Soderberg of Instructions] the Derek first [Operator questions Fitzgerald. Our Cantor come

Derek Soderberg

then Jasper. have top then and free capacity of to on a I've much rate that, of got in And what's in that today sort do you Gap] And Jasper follow-up. utilization how [Audio event? the there

Steven Korn

did time. administration we those Mexico is additional try in there moving both this Steve with the from more Derek, tariffs China ones solution and for Thailand tariffs where effective most the additional to were you. in the done few Mexico products Administration first cost required, XX% business that plus at eliminating to that still some If Korn, that with would analysis We've tariffs. a that there from previously coming for better from let a on with to customers answer done China, Biden tariffs the see Trump potentially me be it's

Derek Soderberg

here? of Got it. do said, room in sheet is. then debt, I And so That's that Jana, place. more is is. helpful. It reduced. much some balance good is a paying getting It Like inventory down you you're How and how then the we expect do over inventory is where next to that And see towards, trending? days to trend How have quarters cash with? conversion do you on here work that few moving

Jana Croom

point, and I say reduction, of revenue because one Steve if than to dollars it is turn. inventory, this your going will focus you should on absolute think together is be this of the tag about this in I at team Well, was a more way, what days it is, function

made you And done be, down. but days so we've it want our XX year Obviously, with We're sitting ago, we're very, job down at very a days we're XXX revenues our lower come than thus day of out pulling where pleased we with rightsizing as bringing isn't great versus and a the last progress we to a we've far we've were quarter. see work continuing seen to customers see dollars absolute have number. to a to At it it's to if you add to some again, look it what really and management. would what about that. days is like not if to the was a with it X-digit was X-digit I to going don't number know like. we're start but point, the going may in increased grow continue inventory rightsizing I

Steven Korn

Yes.

is next burn we to drop because the of bought. that data months over our XX X through to what there inventory continue think shows the as internal the some going we we see and I inventory

that with.. Some of

Gap] [Audio

Jana Croom

be [Audio more Gap] capture to now in you. information a valuable working disclosing that Chief competitors with can of our on at we begin funnel how Commercial way what looking and our disclose Officer, win would our and rates. the data We're to more

will we future something on FY for roll hear opportunities if that should understand QX win and we So But know coming with it purposes. guidance. clear, for us Kimball modeling are to that understand I loud in we don't out look 'XX help and funnel, that you quarters. the you in QX to working be and roll is it need or rates you for we might out if we along actively

Michael Crawford

now, And saying? not might 'XX regard, give from before you're get then wait have you answer in that might what X that so months Is guidance. we months that X and to we fiscal

Jana Croom

hurry up. Jana that we interpreting you. I'm hear So as And

so work quarter. that next we And for definitely will on

Michael Crawford

stand hard drop know programs how And seeing fiscal look XXXX fiscal you're knowing not fiscal but you your than being is It's right and any do off. you would 'XX now, what I 'XX funnel Okay. how today, where that higher guidance model providing at to logic? without -- we

Richard Phillips

the the the Mike, we've you the as think call, we and anticipated, Follow in sustained been the customer mentioned I know, difficult -- weakness as logic, than been predict stabilization. the has has it's and -- earlier demand to more longer

that of happened that of funnel to delivering be future to levels don't we're programs a return but we're at are on a imagine, not over that to just can spend to already on you coming team ton but the the that the update hope just it. way as We we the future you're stable think the of as softness off and lower So over I are funnel we more demand But won the point. wins, time sustained the and and months, -- numbers there. has your all

Jana Croom

prepared as What because is we're it fiscal the 'XX, would details you to got call. fiscal forecast we're take the which calendar looking what then now the everything the of now but be in going we're the we're know of back shore get to up you coming return 'XX we growth. Calendar give as through to terms continue that in And in difficult. at launching into earnings at now, trying be more is coming information stabilization that's still we'll XX-month of not to to looking we half data of which and -- in 'XX half the 'XX first would

Michael Crawford

if terms ships maybe there? different that and I investment Okay. to Jasper could in I or answer heard potential then don't of incremental you think utilization the And the frame

Richard Phillips

Yes.

and We in XX% some work And speak. some customers as do probably Mexico having it Mexico we other Mike, of and the them have down potentially been in for Jasper there worked shifts. in we're but of then some Jasper that XX/X, but a Tampa utilization, have to by moving reached now, customers work and do we're we now We right doing available moved space about utilization. think other doing it's out basically have do that do the they space they around pared for right Obviously, to capacity I not into the Jasper. we

as we're speak. So in discussions those we

Michael Crawford

funnel. a get the you like sounds that Well, potential increase to Okay.

Operator

next Our of Street Schmidt with Capital questions Markets. from Lake come the line Jason

Jaeson Schmidt

fiscal Is vertical? being it X this looking is by revised at for softness guidance broad-based 'XX. the business? the driven just Just particular Or entire across

Jana Croom

the We're driven industrial softness autos in, but with likely seeing that get verticals is EVXXX quite And the holding medical even and well, for by Asia. is autos We're quarters. around our holding exit sort continue of broad-based program, strength would over in is legs I their next them. our waiting few the to still to that of in say

Jaeson Schmidt

And metrics to the quarter, in guys' Got Jana, when your with now you you. internal been you look in there bookings providing just expectations? a quarter? activity December I sort future. some going the at and both line that out March in here has Or December of in curious, just you're in activity laid be it the know the additional if was bookings in deterioration But

Richard Phillips

What with of well current over new line both the that. some expectations business. we've with have answer our as seen business in months as last X is our extensions I'll bookings been Jason,

X in So with months of fiscal year. first the the what they expectations were are our in line

Jaeson Schmidt

the of jump sort Okay. question think restructuring rate and last administration run I'll queue. and about into expenses million That's for new helpful. is in When the the we for going and forward? sort really OpEx $XX.X this And of rationalization, me, selling then back

Jana Croom

sustained hold of to to trying for what it figure going a not that to likely be time. able we're What discretionary out is the is We're period low balance.

our challenge, of So to health the like costs real are business cetera. care, some is quite there part honestly, pressures inflationary for et insurance, related

table try are of there -- those continue and offset take the but done a the cuts costs to can lot we've things discretionary that reduce off those down all and as so them limitations to mount. we to And further.

to So of net all costs. that be globally X.X% but be cost, on really really, spending can't as reduce we, leadership has to corporate and as also a team partners is to strongly as contain goal to very, sales good we very have right? Our just be it well. we the feel tamed facilities look

Jaeson Schmidt

helpful. Okay. That's really

Operator

Our with Sidoti. Anja next of questions from line the come Soderstrom

Anja Soderstrom

have changes curious you And already, for just when organization are on answered also to I'm the refocus been talk your vertical, that or...? medical any but about making you

Richard Phillips

Yes.

pillar to that's And reasons, engagement moved of with -- X. -- a took that the we move delivery So in disposition we time Ric. very Good also we AT&M to collaboration from we we on talent Anja, actually the business same together capabilities and forward were think CMO the the going hear really which at our core was way. to is was bring decision of -- that that and we really for business, of that both important the we in and drug And vertical. our those EMS so differentiated when the company, at we you. time, roof terms made focused and it's Yes, that complementary medical at pretty with point a together a like of multiple what felt third leadership

standpoint, did market actual structure we an that's there. change make going So to from and we that are how

development of the that our space. so help collaborating full force now team in And to EMS we've got target business

medical. we're business the in there, profile really over well as of investing we're And and like about dollars but in yes, as market we convert we wins takes and you a we that make we're from as to did that on time So that P&L, know, and encouraged business growth there. see we're excited time what structural rates the seeing it change, to the

Anja Soderstrom

where a up? then industrial, we do hurting how you. we meter like still of do smart this end contribution going When out? is in bottom that's to will think the And much one? is you that And Okay. commoditization And think revenue was

Steven Korn

for Let me to you, Anja. that try answer

if where at very our know revenue standpoint, positive number. business, competitive. the today run but see But globally, been a would of don't billion, look of at. X% to from where think $X.X we're off X% running have smart at billion rate. total revenue We smart based a total from business metering the $X.X is bottom That metering you we're might think I that say We're we we'll of of of have industrial seeing there. but growth. the that activity the and a our if I bottom I little other -- in significant we see still bit growth it's in part industrial, we're opportunities where amount

Anja Soderstrom

Okay. seen And any to the then changes you at have all? competitive environment

Steven Korn

a good question. That's really

other providing what both think recently, automotive which from customers, product seen and our we've is opportunity some in been has some the to little I bit competitors us. to move environment of competitive different our of environments and a is

So I've it's I'm more it's years. activity XX always why world, not us. upon little And at the that where probably now. quicker then it's depend been for It's right been. a sure ramp. little of we're like competitive a unique been. the We're for as in been quite in competitive that's seeing environment, EMS overall, as

excess sometimes a bit if competitive capacity somewhere. has more it's And somebody little

than So it's significantly what say before. I different we wouldn't saw

Anja Soderstrom

just I and some about in people maybe And to appetite you your see production general, outsourcing now in in mean...? move the did were Mexico Jasper, increased talking that facility wanting their to in trend,

Steven Korn

I wanting do the more deal to as think all requirements, the HLA, full FDA earlier, Rick manufacturing people that the out, I Yes. GMP, not And more of think, of is opportunity we're with of of manufacturing seeing activity. the medical moving what seeing we're with opportunities stated

X the place first China something, put people the opportunity where learned I that and it's think think it help look series where they and and Mexico, as on all in on opportunities March when tariffs land say current they with those them knows administration their this successful. where I with we is be happen to going to own right we the to Kimball the take place in manufacturing going that who can are were footprint time to got at

to continue and get think until going where right I and going we these through some to trade a the of to So in -- offset that going offset want some manufacturing are to are is place wars tariffs that's to Mexico of with and or prepared do the it potential and to U.S. rest be some yes, to we're somewhere going portion hey, we in and keep with, the else. put it

to think activity. where we're I that's going some see

Operator

next come Gabelli from Susanto Our questions the of line Hendi with Funds. [Operator Instructions]

Hendi Susanto

My like is, first how remind automotive able would foreign in be OEMs? question exposure market local you versus us to have you much between China

Steven Korn

Yes.

we ever. what we've a seen revenue is growth customers. what manufacturers quarter So fantastic with is a our Ric we're grow as lot where calendar year, see of stated, highest seeing -- Hendi, Chinese the to fourth the with OEMs, had local our local we're we continuing that the

with probably local, we're manufacturers. the say the would around foreign is us I today, of somewhere So versus but -- it's for local fastest growth

Hendi Susanto

their in share that growth North to despite then continue China America Europe. and And do of business similar weaknesses companies express that can some confidence? demonstrate automotive in confidence you Yes. positive Do

Steven Korn

a They the great great those to confident and competing supplier job, have be support business. operations We're see continuing China we and Chinese for continuing in our customers. auto there to done market ourselves a

Richard Phillips

is I of this aware it, we China, Hendi I'm maybe it's but say restating we're product the country, right? all know, And staying -- sure that But China certainly time, because you're it's there. we're about and So asked in it. our manufacturing us worth for Board

profile, different market, as which is us. export risk for and thinking major it's So about not a a that right,

Hendi Susanto

this program it's end what launched of serve would I the fee ramp-up learn more in it then about will And your year? to which Romania Yes. market grow and and like braking when what categories vehicle

Steven Korn

-- continues can vehicles. we is in to trend is to share we launched go are ICE it It's European all good down. month, EV it first Ric sales There and a there. see the as on Today, a in to portion but Hendi, its January, the will America that EV, and it's grow. information It's for but similar market. Europe, North No, that you launched but with in said,

new that braking what So we're vehicles today, most platform. supporting of ICE with our

Hendi Susanto

That's Okay. very helpful.

Steven Korn

we then German And is manufacturer, German share is manufacturer. what yours. end all customer a That's a okay, the can

Hendi Susanto

tariffs annual next negotiation with Okay, much room of okay. is the part If contract And about the of question is then customers? that how pricing considering tariffs. takes place,

Steven Korn

Yes, that's a good question, Andy.

the do and what Mexico. shared Mexico, For release, we stays in Mexico Mexico operation in we in in as the we manufacture what

in tariffs and to on exported for goes the imported value add an us of facility they then there's or that So which end into it to will U.S. any and product, no customer's Mexico,

an border, take we at customer it. portion the export of cost for be and ship is tariff to ownership the U.S. the the U.S. that into on for they would responsible what For us, would the and

things, For that's where of negotiations administration would we today the the group Jasper learned would component with China. lot the negotiation Indianapolis products that where the Tampa did with years we a that's for X yet, that build come. the And ago in of or come the first side tariffs

have with good and customers that. had We processes very our good really discussions with we've

we them. So feel we'll be confident negotiate that able costs those to with

Hendi Susanto

question. then it. And last Got Yes. X

you to process in general? the long how Thailand, qualification move If take production need will to

Andrew Regrut

That is customers. Yes. different by

that took it's qualified part the fully of is out of Thailand. just their of now. to product, That months toe So products moved about X.X we X to move us Tampa going as and

Hendi Susanto

Okay.

Steven Korn

and done. Maybe than here November, that, little in we started bit sit in we're and a even but we shorter February,

customer tooling So on and qualification it's the months safe a specific depending upon the product, side. product a X that is little the -- for any number about

Hendi Susanto

And all best. then the Okay.

Operator

Kimball Thank of page That you does with ladies our you question-and-answer gentlemen, made joining And the and for website. on available today's that, the call. conclude Relations the on replay Investor thank session. Electronics A call be will so much.

replay again. available replay ID until you the will be You XXXX. Thank The Access by XX, or XXX-XXXX XXX-XXXX, can (XXX) (XXX) access is the XXXXXXXX. February dialing

You disconnect. may now

Kimball Electronics (KE) 5 Feb 252025 Q2 Earnings call transcript