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 reported record net sales of $405.9 million in Q1 fiscal 2023, a 39% year-over-year increase, despite a 5% adverse impact from currency fluctuations. Operating income rose to $13.6 million (3.3% of net sales) from $4.8 million (1.6%). Net income increased to $9.5 million or $0.38 per diluted share, up from $2.6 million or $0.10. The company affirmed its fiscal 2023 guidance, expecting net sales between $1.6 - $1.7 billion, a 19% - 26% increase year-over-year.
Kimball Electronics, Inc. (Nasdaq: KE) will host its Annual Meeting of Share Owners on November 11, 2022, at 9:00 a.m. Eastern Time at its headquarters in Jasper, Indiana. Shareholders registered by the September 12, 2022 record date can vote in person or submit proxies. Kimball Electronics provides diversified contract manufacturing services globally, emphasizing quality and reliability across various industries.
Kimball Electronics (Nasdaq: KE) is set to report its first quarter fiscal year 2023 financial results on November 7, 2022, after market close. A conference call will take place on November 8, 2022, at 10:00 a.m. Eastern Time to discuss the results.
Participants can access the call via telephone at 844-200-6205 in the U.S. or 929-526-1599 internationally, referencing conference ID 924286. A live webcast will also be available at Kimball Electronics Investors.
Kimball Electronics (Nasdaq: KE) expanded its Board of Directors by appointing Tom Vadaketh as a new director effective
Kimball Electronics (Nasdaq: KE) will participate in the 13th Annual Midwest IDEAS Conference in Chicago, IL, on August 25, 2022, at 3:00 PM CT. CFO Jana T. Croom will present, with a live webcast available on the company’s investor relations website. The IDEAS Conferences provide regional venues for quality companies to showcase their investment potential, sponsored by investors. Additional details on the conference and archive presentations can be found at www.IDEASconferences.com.
Kimball Electronics reported a record net sales of $373.5 million for Q4 FY2022, a 13% increase year-over-year. However, foreign currency fluctuations negatively impacted earnings, reducing diluted EPS to $0.40, down from $0.57 in the prior year. Operating income stood at $20.6 million (5.5% of net sales), while net income fell to $9.9 million compared to $14.4 million in Q4 FY2021. Guidance for FY2023 anticipates net sales between $1.6-$1.7 billion, a growth of 19%-26%, alongside increasing operating income margins.
Kimball Electronics, Inc. (Nasdaq: KE) will report its Q4 and fiscal year 2022 financial results on August 4, 2022, post-market. A conference call will follow on August 5, 2022, at 10:00 a.m. ET to discuss these results. Interested parties can access the call at 844-200-6205 (U.S.) or 929-526-1599 (international), referencing conference ID 335447. A live webcast will also be available at their investor relations site.
Kimball Electronics (Nasdaq: KE) announced its attendance at the Sidoti Summer Small Cap 2022 Virtual Conference, with CEO Donald D. Charron and CFO Jana Croom participating in a fireside chat on June 15, 2022, at 10:00 AM ET. The chat will be accessible via a live webcast on the company's website in the Investor Relations section. An archive of the event will also be available post-event. Headquartered in Jasper, Indiana, Kimball Electronics provides diversified manufacturing solutions globally.
Kimball Electronics (KE) announced record net sales of $368.1 million for Q3 FY2022, a 19% year-over-year increase. Operating income rose to $20.3 million, representing 5.5% of net sales, an 80 basis point improvement. Net income reached $13.6 million, or $0.54 per diluted share, a 30% increase from the previous year. Despite challenges from the Ukraine conflict and COVID-19 lockdowns in China, the company expects a strong fourth quarter with net sales projected between $370 to $390 million. Fiscal 2022 net sales guidance is updated to $1.345 to $1.365 billion.
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