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 (Nasdaq: KE) announced its participation in the Sidoti Small-Cap 2023 Virtual Conference. Executives Richard D. Phillips and Jana T. Croom will engage in a fireside chat on March 23, 2023, at 2:30 PM ET. Investors can access a live webcast or an archived version on the Company’s website under the Investor Relations section. Kimball Electronics, headquartered in Jasper, Indiana, is a provider of electronics and diversified contract manufacturing services, operating in multiple countries including the U.S., China, India, and Japan.
Kimball Electronics (NASDAQ: KE) released its 2022 Environmental, Social & Governance (ESG) Report, emphasizing sustainable practices and societal impacts. Key achievements include a 36% reduction in greenhouse gas emissions and a 26% reduction in air emissions since 2014. The company donated over
Kimball Electronics reported a record net sales of $436.7 million for Q2 fiscal 2023, marking a 39% year-over-year increase. Despite a 5% unfavorable impact from foreign currency, the company's operating income rose to $17.5 million, equating to 4.0% of net sales. Net income more than doubled to $10.7 million, or $0.43 per diluted share. The company has raised its fiscal 2023 net sales guidance to between $1.7 billion and $1.8 billion, reflecting a projected growth of 26% to 33% year-over-year. Operating margins are anticipated to improve towards the higher end of the 4.6% to 5.2% guidance range.
Kimball Electronics (Nasdaq: KE) will participate in the SPIE Photonics West Conference from January 28 to February 2, 2023, at The Moscone Center, San Francisco, CA. Dr. Sangtaek Kim will present on optical leak detection technology on January 30 at 4:00 PM PST. This technology offers high-speed, non-destructive leak testing, enhancing manufacturing processes across various sectors including consumer electronics and medical industries. Christopher J. Thyen, VP of New Platforms, highlighted its capability to improve testing efficiency and resolve defects swiftly. GES operates globally, aiming to revolutionize leak testing.
Kimball Electronics, Inc. (Nasdaq: KE) will announce its second quarter fiscal year 2023 financial results on February 6, 2023, after market close. A conference call will follow on February 7, 2023, at 10:00 a.m. Eastern Time. Investors can access the call by dialing 844-200-6205 in the U.S. or 929-526-1599 internationally, using conference ID 914955. A live webcast will be available at investors.kimballelectronics.com, with an archived replay for those unable to attend.
Kimball Electronics announces the retirement of Donald D. Charron as CEO on February 28, 2023, after 24 years of leadership, a tenure marked by significant achievements and nearly $2 billion in annual revenues. Ric Phillips will succeed him as CEO starting March 1, 2023, bringing over 20 years of experience from roles at Elkay Manufacturing and Essendant. The company anticipates growth due to a robust order backlog and recent facility expansions.
Kimball Electronics (Nasdaq: KE) will participate in the Sidoti December Small-Cap 2022 Virtual Conference.
Chief Financial Officer Jana Croom is set to present on Wednesday, December 7, 2022, at 1:00 PM ET. A live webcast of the presentation will be accessible through the company's website, specifically in the Events & Presentations section of Investor Relations. If you miss the live event, an archive will be available later on the same webpage.
Kimball Electronics (Nasdaq: KE) will participate in the 14th Annual Southwest IDEAS Investor Conference on November 17, 2022, in Dallas, TX. CEO Donald D. Charron will present at 8:45 AM CT. A live webcast will be available on the company's website, with an archive to follow for those unable to attend. The IDEAS Conferences aim to connect quality companies with investment professionals and feature sponsors managing over $200 billion in assets. Kimball Electronics is committed to high performance and excellence in manufacturing solutions across various global locations.
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