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.
Overview of Kimball Electronics Inc
Kimball Electronics Inc (KE) is a contract manufacturing services company specializing in durable electronics for high-impact industries. Leveraging state-of-the-art manufacturing, advanced engineering, and robust supply chain solutions, the company delivers integrated production services and quality assurance to original equipment manufacturers and contract manufacturers alike. With a strong emphasis on safety-critical applications, Kimball Electronics has built a reputation in the automotive, industrial, medical, and public safety sectors.
Core Business and Capabilities
The company’s core business is providing comprehensive electronics manufacturing services (EMS) that cover the entirety of the production cycle, from design and engineering to final assembly and testing. Its methodologies focus on a customer-centric approach, ensuring that every product meets rigorous quality and reliability standards. Key capabilities include:
- Contract Manufacturing: Customized production techniques tailored to client specifications.
- Engineering Services: Advanced design and development support for complex electronic assemblies.
- Supply Chain Management: Integrated logistics and sourcing solutions to streamline production.
Market Position and Industry Context
Operating in a competitive global landscape, Kimball Electronics has established itself as a trusted partner for companies requiring durable, reliable electronic assemblies. Its services are critical to sectors where failure is not an option and quality is paramount. The company faces challenges common to the EMS industry, including maintaining lean production processes and adhering to industry regulations, but its emphasis on quality, reliability, and speed has allowed it to remain relevant and competitive.
Operational Footprint and Global Reach
Kimball Electronics has a diverse geographic presence with business units strategically placed in regions such as the United States, Mexico, and key locations across Asia and Europe. This global footprint enables the company to offer localized support and rapid response, ensuring that its customers benefit from both proximity and extensive market expertise. The company’s ability to integrate these varied operations into a cohesive global network underpins its operational efficiency and service excellence.
Quality, Innovation, and Customer Focus
Central to Kimball Electronics’ philosophy is a high-performance culture that values ethical behavior, quality, speed, and reliability. Its commitment to innovation is demonstrated through ongoing improvements in manufacturing techniques and process optimization. By emphasizing customer-centric strategies and maintaining robust quality assurance protocols, the company ensures that every project aligns with the precise requirements of its diverse client base.
Competitive Differentiators
What sets Kimball Electronics apart is its comprehensive suite of services combined with deep technical expertise in producing safety-critical electronic assemblies. The company’s ability to meet stringent quality and regulatory standards, alongside its expansive global operations, provides a reliable and sustainable resource for clients in high-stakes industries. This meticulous attention to detail, integrated service offerings, and dedication to operational excellence contribute to its trusted reputation in the market.
Conclusion
In summary, Kimball Electronics Inc is a pivotal player in the electronics manufacturing services sector. Its commitment to quality, innovative production methodologies, and customer-focused practices makes it an essential partner for industries that depend on durable, reliable electronic solutions. The company’s operational strategies and extensive service portfolio underscore its role as a key contributor in the broader context of contract manufacturing and technical manufacturing excellence.
Kimball Electronics (KE) reported Q2 fiscal 2025 results with net sales of $357.4 million and operating income of $8.2 million (2.3% of net sales). The company generated $29.5 million in operating cash flow, marking the fourth consecutive quarter of positive cash flow. Notable improvements include a $29 million reduction in inventory from Q1 and a $41 million decrease in borrowings.
The company experienced declining customer demand across all segments: Automotive sales decreased 4% to $192.8 million, Medical sales fell 22% to $84.0 million, and Industrial sales dropped 20% to $80.6 million. In response, KE has revised its fiscal year 2025 guidance downward, now projecting net sales between $1.40-$1.44 billion and adjusted operating income of 3.4-3.6% of net sales.
Kimball Electronics (Nasdaq: KE) has announced it will release its second quarter fiscal year 2025 financial results on Tuesday, February 4, 2025, after market close. The company will hold a conference call and live webcast to discuss the results on Wednesday, February 5, 2025, at 10:00 a.m. Eastern Time.
Investors can access the conference call via telephone at 877-407-8293 or +1 201-689-8349. A live webcast will be available at investors.kimballelectronics.com, where a replay will also be archived for those unable to attend the live event.
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.
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.
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.
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.
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.
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.
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.
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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