Kimball Electronics Inc - KE STOCK NEWS

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 Donald D. Charron, CEO, and Jana Croom, CFO. Interested parties can access the live webcast on the company website in the Investor Relations section, which will also host an archive for those unable to attend live.

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 John H. Kahle, effective December 31, 2021. He will be succeeded by Douglas A. Hass, previously Associate General Counsel. Hass brings over 25 years of experience in legal, management, and operations, particularly in technology and electronics sectors. Donald D. Charron, CEO, emphasized the seamless transition and Hass's alignment with the company's values and goals, focusing on enhancing shareholder value.