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) 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.
Kimball Electronics (Nasdaq: KE) will report its third quarter fiscal 2022 financial results on May 5, 2022, after market close. A conference call to discuss the results is scheduled for May 6, 2022, at 10:00 a.m. ET. Investors can access the call by dialing 844-200-6205 in the U.S. or 929-526-1599 internationally, using conference ID 250193. A live webcast will be available on their investor relations website.
Kimball Electronics (Nasdaq: KE) will attend the Sidoti Spring 2022 Virtual Investor Conference on March 24, 2022, at 9:15 AM ET. The participation will feature a fireside chat with
Kimball Electronics, based in Jasper, Indiana, provides diverse manufacturing solutions worldwide.
Kimball Electronics, Inc. (Nasdaq: KE) has announced the retirement of Sandy A. Smith, Vice President of IT, effective March 31, 2022. She will be succeeded by Isabel Wells, a technology leader with over 20 years of experience. Smith played a pivotal role in creating a separate IT framework post-spin-off from Kimball International in 2014 and spearheaded the company’s digital vision. Wells, previously with Avery Dennison, emphasized her excitement to support Kimball's growth and IT as a competitive advantage.
Kimball Electronics reported net sales of $315.3 million for Q2 FY2022, down 2% from the previous year. Net income was $5.1 million, or $0.20 per diluted share, marking a decline from $15.1 million in Q2 FY2021. Operating income decreased significantly to $6.9 million (2.2% of sales) compared to $16.2 million (5.0%) last year. The company anticipates finishing the fiscal year at the lower end of its $1.4 - $1.5 billion sales guidance, with revised operating income margin estimates reflecting challenges in material availability.
Kimball Electronics (Nasdaq: KE) has released its 2021 Environmental, Social & Governance (ESG) Report, highlighting the company's commitment to ESG principles dating back to 1961. CEO Don D. Charron emphasized the company's resilience amid global challenges like the pandemic and parts shortages. The report showcases advancements in human rights, supply chain transparency, occupational health and safety, and environmental stewardship. Investors can access the full report on Kimball's Investor Relations website.
Kimball Electronics (Nasdaq: KE) will announce its second quarter fiscal 2022 financial results on February 7, 2022, after market close. A conference call will be held on February 8, 2022, at 10:00 a.m. ET to discuss these results. Investors can access the call by dialing 844-200-6205 within the U.S. or 929-526-1599 internationally, using conference ID 262854. A live webcast will be available at investors.kimballelectronics.com and a replay will be archived for those unable to attend.
Kimball Electronics, Inc. (Nasdaq: KE) will participate in the 13th Annual Southwest IDEAS Investor Conference on November 17, 2021, at the Westin Dallas Downtown in Dallas, TX. CEO Donald D. Charron will present at 2:15 PM CT. A live webcast of the presentation will be available on their website, along with an archived version post-event. The IDEAS Conferences aim to connect quality companies with investment professionals, boasting sponsors with over $200 billion in assets. For further information about Kimball Electronics, visit their website.
Kimball Electronics announces the retirement of Vice President and General Counsel
Kimball Electronics (Nasdaq: KE) reported Q1 fiscal 2022 net sales of $292.7 million, a 12% decline from the prior year. Net income was $2.6 million or $0.10 per diluted share, down from $16.8 million a year prior. Factors impacting performance included global supply chain disruptions and COVID restrictions in Malaysia. The company reaffirmed its fiscal 2022 guidance, projecting net sales between $1.4 billion and $1.5 billion. The automotive segment grew 9%, while medical and public safety saw declines of 33% and 16%, respectively.
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