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. reports developments as a global manufacturer offering Electronics Manufacturing Services and Contract Manufacturing Organization solutions. The company serves automotive, medical, industrial, and public safety markets, including safety-critical electronic assemblies for automotive customers and medical CMO manufacturing services.
Company news commonly covers quarterly operating results, sales trends by vertical market, margin and cash-flow commentary, financial guidance, manufacturing capacity updates, sustainability reporting, leadership and governance matters, and participation in investor conferences. Kimball Electronics operates through business units in the United States, China, Mexico, Poland, Romania, and Thailand.
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Kimball Electronics (Nasdaq: KE) will release its third quarter fiscal year 2023 financial results on May 4, 2023, after market close. The company will conduct a conference call on May 5, 2023, at 10:00 a.m. ET to discuss the results. Interested participants can join by calling 404-975-4839 in the U.S. or 833-470-1428 internationally, with conference ID 308984. A live webcast is available on their investor relations website. Kimball Electronics is recognized for its excellence in manufacturing electronics and offers diversified contract manufacturing services globally, operating from facilities in various countries including the U.S., China, and India.
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 Investors can access a live webcast or an archived version on the Company’s website under the Investor Relations section.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 $330,000 to various causes and adopted recognized ESG reporting standards. CEO Don Charron highlighted the connection between significant ESG issues and long-term shareholder value. The report aligns with global sustainability frameworks and aims to enhance ESG data transparency, fostering trust with stakeholders.
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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.