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Kimball Electronics, Inc. (KE) is a distinguished contract manufacturer specializing in durable goods electronics, serving a wide range of industries globally. The company's footprint is extensive, with its electronic solutions permeating into daily life through sectors such as automotive, industrial, medical, and public safety. Kimball Electronics is renowned for its unwavering commitment to high performance, quality, reliability, and ethical practices, which underpins its corporate culture and customer relationships.
Core Business
Kimball Electronics excels in providing comprehensive electronics manufacturing services (EMS). Their expertise spans manufacturing, engineering, and supply chain management, ensuring seamless delivery of high-quality electronic products. Their services cater to critical sectors, producing vital electronic assemblies, particularly for the automotive industry where safety is paramount.
Recent Achievements and Projects
Continuing to innovate, Kimball Electronics has undertaken several noteworthy projects. They have expanded their production capabilities to include more complex and safety-critical electronic assemblies, especially for automotive and medical applications. These projects are geared towards enhancing product reliability and performance, aligning with the company's commitment to quality and customer satisfaction.
Financial Condition
Kimball Electronics has demonstrated consistent financial health, primarily deriving its revenue from the United States market. Their strategic focus on high-growth sectors and long-term partnerships has fortified their financial position, allowing for sustainable growth and investment in new technologies and capabilities.
Partnerships and Collaborations
The company maintains strong partnerships across various sectors, ensuring a robust supply chain and collaborative innovation processes. These partnerships are pivotal in driving technological advancements and delivering superior value to their customers.
Conclusion
Kimball Electronics stands out as a leading provider of electronic manufacturing services, deeply integrated into essential industries. With a high-performance culture and a steadfast focus on quality and reliability, the company continues to drive forward, ensuring growth and success for its customers and employees alike.
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.
Kimball Electronics, Inc. has scheduled its first quarter fiscal 2022 financial results announcement for
Kimball Electronics (Nasdaq: KE) announced attendance at the Sidoti Fall 2021 Virtual Investor Conference on September 23, 2021, where CEO Donald D. Charron and CFO Jana Croom will participate in a fireside chat at 10:00 AM ET. The company reaffirmed its fiscal 2022 guidance, noting that supply chain disruptions have shifted more backlog to the second half of the year due to a global materials shortage, exacerbated by COVID-19 impacts in Malaysia. Despite high customer demand, the visibility of electronic components remains uncertain.
Kimball Electronics (Nasdaq: KE) launched Kimball Medical Solutions to enhance its offerings for the medical sector. This new initiative aims to provide full-service solutions encompassing electronics manufacturing, contract manufacturing, and custom automation. With over two decades of experience, Kimball's goal is to support medical customers in accelerating their speed to market and meeting stringent industry standards. The company operates globally, emphasizing a collaborative approach that integrates various manufacturing capabilities.
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