KE net income +65% to $28.0M on operating leverage; Helvoet acquisition closed

Filed August 19, 2026 · Period ending June 30, 2026 · Compared to 10-K Aug 22, 2025 · ~1 min read

Key Changes

• high

  Net income rose 65% to $28.0M ($1.13 diluted EPS) despite revenue declining 3.7% to $1.43B, driven by operating income up 45% to $66.1M on cost efficiencies, Tampa facility sale gain of $15M, and lower interest expense.

  MD&A: Operating Results verify on EDGAR →
• high

  Recorded $8.9M dividend withholding tax expense (Poland $4.4M from 2018 dividend after unfavorable court ruling; China $4.5M including $3.2M retroactive to FY2021-2025), driving effective tax rate to 47.5% vs. 35.2% prior year.

  Notes: Income Taxes verify on EDGAR →
• high

  Operating cash flow declined to $72.3M from $183.9M as prior-year benefited from $71.8M receivables reduction and $74.6M inventory drawdown; FY26 inventory built $19.9M for longer lead times and new-program ramps.

  MD&A: Cash Flows verify on EDGAR →