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Kimball Electronics, Inc. - KE STOCK NEWS

Welcome to our dedicated page for Kimball Electronics news (Ticker: KE), a resource for investors and traders seeking the latest updates and insights on Kimball Electronics stock.

Kimball Electronics, Inc. (KE) is a distinguished contract manufacturer specializing in durable goods electronics, serving a wide range of industries globally. The company's footprint is extensive, with its electronic solutions permeating into daily life through sectors such as automotive, industrial, medical, and public safety. Kimball Electronics is renowned for its unwavering commitment to high performance, quality, reliability, and ethical practices, which underpins its corporate culture and customer relationships.

Core Business

Kimball Electronics excels in providing comprehensive electronics manufacturing services (EMS). Their expertise spans manufacturing, engineering, and supply chain management, ensuring seamless delivery of high-quality electronic products. Their services cater to critical sectors, producing vital electronic assemblies, particularly for the automotive industry where safety is paramount.

Recent Achievements and Projects

Continuing to innovate, Kimball Electronics has undertaken several noteworthy projects. They have expanded their production capabilities to include more complex and safety-critical electronic assemblies, especially for automotive and medical applications. These projects are geared towards enhancing product reliability and performance, aligning with the company's commitment to quality and customer satisfaction.

Financial Condition

Kimball Electronics has demonstrated consistent financial health, primarily deriving its revenue from the United States market. Their strategic focus on high-growth sectors and long-term partnerships has fortified their financial position, allowing for sustainable growth and investment in new technologies and capabilities.

Partnerships and Collaborations

The company maintains strong partnerships across various sectors, ensuring a robust supply chain and collaborative innovation processes. These partnerships are pivotal in driving technological advancements and delivering superior value to their customers.

Conclusion

Kimball Electronics stands out as a leading provider of electronic manufacturing services, deeply integrated into essential industries. With a high-performance culture and a steadfast focus on quality and reliability, the company continues to drive forward, ensuring growth and success for its customers and employees alike.

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Kimball Electronics (Nasdaq: KE) has achieved the Highest Overall Customer Ratings in all seven categories of CIRCUITS ASSEMBLY'S 2024 Service Excellence Awards. The categories include Dependability/Timely Delivery, Manufacturing Quality, Responsiveness, Technology, Value for the Price, Flexibility, and Overall Satisfaction.

The awards, presented at the SMTA International Conference, are based solely on direct customer input for Electronics Manufacturing Services (EMS) providers with annual sales over $500 million. This marks a significant achievement for Kimball Electronics, which has participated in the awards program for eleven consecutive years, consistently winning multiple categories. The company previously won awards in all seven categories in 2022, four categories in 2023, and now all seven categories again in 2024.

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Kimball Electronics (KE) reported Q1 fiscal 2025 results with net sales of $374.3 million, down 15% year-over-year. Operating income was $9.1 million (2.4% of net sales), with adjusted operating income at 3.4%. The company generated $45.5 million in operating cash flow and reduced borrowings to a 2-year low. As part of strategic restructuring, KE completed the divestiture of its Automation, Test, and Measurement business and announced the closure of its Tampa, FL facility. The company confirmed its FY2025 guidance, projecting net sales of $1.44-1.54 billion and adjusted operating income of 4.0-4.5% of net sales.

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Kimball Electronics, Inc. (Nasdaq: KE) has announced the date for reporting its first quarter fiscal year 2025 financial results. The company will release the results on Monday, November 4, 2024, after the market closes. Following this, Kimball Electronics will host a conference call and live webcast to review the results on Tuesday, November 5, 2024, at 10:00 a.m. Eastern Time.

Investors and interested parties can access the conference call by dialing 877-407-8293 (domestic) or +1 201-689-8349 (international). A live webcast of the call will be available at investors.kimballelectronics.com. For those unable to participate in the live event, a replay of the webcast will be archived on the same website.

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Kimball Electronics announced its Annual Meeting of Share Owners scheduled for Friday, November 15, 2024, at 10:00 a.m. (EST). The in-person event will take place at the company's corporate office in Jasper, Indiana. The meeting will focus on voting results for formal business and proxy proposals.

Share Owners of record as of September 9, 2024, can vote electronically, online, by mail, or by phone before the meeting. The company will file its proxy statement on Thursday, September 26, 2024, providing details on voting procedures for shareholders.

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Kimball Electronics (Nasdaq: KE) has announced its participation in the 2024 Annual Gateway Conference in San Francisco on September 4-5. Jana Croom, the company's CFO, is set to present on September 5 at 9:00 a.m. PT. The presentation will be webcast live and archived on the company's investor relations website.

Investors can access the webcast through the Events & Presentations tab in the Investor Relations section at investors.kimballelectronics.com. In addition to the presentation, Kimball Electronics executives will be available for one-on-one meetings throughout the conference. Interested parties can request an invitation or schedule a meeting by emailing conference@gateway-grp.com.

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PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) has announced the appointment of Michele Holcomb, PhD, to its board of directors as an independent non-executive director, effective September 23, 2024. Dr. Holcomb brings over 30 years of experience in global healthcare, having held notable positions at Cardinal Health, Teva Pharmaceuticals, and McKinsey & Company. Her expertise in leading transformational growth initiatives and driving organizational progress is expected to complement PureTech's board leadership as the company enters its next phase of growth.

Dr. Holcomb will join the Audit Committee, while Dr. Raju Kucherlapati, Chair of the PureTech Board, will step down from this committee. The appointment is seen as strategic for PureTech's focus on innovating and progressing major advances for patients, leveraging Dr. Holcomb's broad biopharma experience to deliver on the company's commitment to developing innovative medicines and building shareholder value.

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Kimball Electronics (Nasdaq: KE) reported Q4 fiscal 2024 results with net sales of $430.2 million and operating income of $19.6 million (4.6% of net sales). The company generated $48.5 million in cash flow from operations, driven by inventory reductions. For the full fiscal year 2024, net sales totaled $1.71 billion with adjusted operating income of $74.3 million (4.3% of net sales).

CEO Richard D. Phillips noted challenging market conditions and the company's focus on cost structure adjustments and working capital management. Kimball Electronics completed the divestiture of its Automation, Test and Measurement business, strengthening its balance sheet and strategic focus. For fiscal 2025, the company projects net sales between $1.44-$1.54 billion and adjusted operating income of 4.0-4.5% of net sales.

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Averna, a global test & quality solutions provider, has acquired Global Equipment Services, Inc. (GES) from Kimball Electronics, Inc. (Nasdaq: KE). This strategic move expands Averna's presence in Asia and North America, adding 600 new employees and offices in Vietnam, China, India, Japan, and Silicon Valley. The acquisition creates one of the largest independent system integrators in test automation, with 1,200 employees across 20 offices in 11 countries.

GES specializes in automation, test, and measurement solutions for industries like consumer electronics, semiconductor, and medical devices. The merger combines both companies' strengths, enhancing Averna's global footprint and technical capabilities. With this acquisition, Averna gains 160,000 ft² of new manufacturing space, including class 100K and 10K clean rooms, positioning itself to tackle large-scale customer challenges worldwide.

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Kimball Electronics (Nasdaq: KE) has completed the divestiture of its Automation, Test, and Measurement (AT&M) business to Averna Technologies Inc. on July 31, 2024. The proceeds will support organic growth, debt reduction, and share repurchases. CEO Richard D. Phillips stated that while they enhanced AT&M capabilities since acquiring Global Equipment Services (GES) in 2018, it wasn't a strategic fit for Kimball. The company will now focus on core Electronics Manufacturing Services (EMS) operations. Averna's CEO, Francois Rainville, welcomed the addition, which strengthens their position in automation, test, and measurement globally. B. Riley Securities acted as the exclusive financial advisor for the transaction.

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Kimball Electronics (Nasdaq: KE) has announced the schedule for reporting its fourth quarter and fiscal year 2024 financial results. The company will release its financial report on Tuesday, August 13, 2024, after the market closes. Following this, Kimball Electronics will host a conference call and live webcast on Wednesday, August 14, 2024, at 10:00 a.m. Eastern Time to review the results.

Investors and interested parties can access the conference call by dialing 877-407-8293 (domestic) or +1 201-689-8349 (international). A live webcast of the call will be available on the company's investor relations website at investors.kimballelectronics.com. For those unable to participate in the live event, a replay will be archived on the same website for future access.

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FAQ

What is the current stock price of Kimball Electronics (KE)?

The current stock price of Kimball Electronics (KE) is $18.61 as of January 3, 2025.

What is the market cap of Kimball Electronics (KE)?

The market cap of Kimball Electronics (KE) is approximately 449.9M.

What industries does Kimball Electronics serve?

Kimball Electronics serves automotive, industrial, medical, and public safety industries globally.

What services does Kimball Electronics provide?

Kimball Electronics provides comprehensive electronics manufacturing, engineering, and supply chain services.

What makes Kimball Electronics stand out?

Kimball Electronics is recognized for its commitment to quality, reliability, value, speed, and ethical behavior.

Where does Kimball Electronics derive most of its revenue?

Kimball Electronics derives a majority of its revenue from the United States.

What recent projects has Kimball Electronics undertaken?

They have expanded production capabilities, focusing on safety-critical electronic assemblies for automotive and medical applications.

What is the company's commitment to its employees?

Kimball Electronics fosters a corporate culture that promotes personal, professional, and financial growth for its employees.

How does Kimball Electronics ensure product quality?

The company adheres to a high-performance culture emphasizing quality, reliability, and ethical practices.

Does Kimball Electronics have strong industry partnerships?

Yes, the company maintains robust partnerships across various sectors to drive innovation and value.

What is Kimball Electronics' approach to financial health?

Kimball Electronics focuses on high-growth sectors and long-term partnerships to ensure sustainable financial health.

What sectors does Kimball Electronics prioritize?

The company prioritizes automotive, medical, industrial, and public safety sectors, focusing on essential and safety-critical electronic products.
Kimball Electronics, Inc.

Nasdaq:KE

KE Rankings

KE Stock Data

449.93M
24.15M
2.02%
79.3%
1.39%
Electrical Equipment & Parts
Printed Circuit Boards
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United States of America
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