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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 (KE) reported a strong fiscal year 2021 with record net sales of $1.29 billion, up 8% from 2020. In Q4 alone, net sales reached $329 million, marking a 15% increase. The company achieved operating income of 5.2%, with diluted EPS of $0.57 compared to a loss of $0.05 last year. Adjusted Q4 EPS rose 71% year-over-year. Cash flow from operations totaled $26.3 million for the quarter, the fifth consecutive quarter over $20 million. For FY 2022, Kimball projects net sales between $1.4 - $1.5 billion, translating to an 8% to 16% growth.
Kimball Electronics, Inc. (Nasdaq: KE) will announce its Q4 and FY 2021 financial results on August 4, 2021, post-market close. A conference call will follow on August 5, 2021, at 10:00 a.m. ET, accessible via telephone or live webcast. Investors can find additional details on their website.
Kimball Electronics specializes in electronics manufacturing and contract services globally, with operations in multiple countries and a commitment to quality and reliability.
Kimball Electronics (Nasdaq: KE) reported a 6% increase in net sales to $310 million for Q3 FY2021, with operating income at 4.7% of net sales. Net income rose to $10.5 million ($0.41 diluted EPS), while adjusted net income was $9.9 million ($0.39 adjusted EPS). Operating cash flow reached $31.5 million, significantly up from $12 million in Q3 FY2020. Despite the ongoing global semiconductor shortage impacting shipments, the company anticipates a strong Q4 FY2021 performance due to secured supplier commitments.
Kimball Electronics (Nasdaq: KE) announced the retirement of CFO Michael K. Sergesketter, effective June 30, 2021, after 25 years in the role. He will be succeeded by Jana Croom, previously Vice President of Finance, who joined the company in January 2021. Croom brings over 20 years of financial experience and has held key roles in strategic enterprise planning. The transition aims to enhance leadership as the company prepares to report its third quarter results on May 5, 2021. Kimball Electronics emphasizes a commitment to quality and growth amidst this leadership change.
Kimball Electronics, Inc. (Nasdaq: KE) will announce its third quarter fiscal year 2021 financial results on May 5, 2021, post-market close. A conference call will follow on May 6, 2021, at 10:00 a.m. ET, accessible via telephone or a live webcast. The company, a global manufacturing solutions provider, operates in several countries, delivering contract manufacturing services across various industries. For more details, visit their investor relations page.
Kimball Electronics (Nasdaq: KE) has appointed Andy Regrut as the new Head of Investor Relations. Regrut brings 30 years of experience in finance and investment, previously serving at Big Lots, where he was recognized as a leading investor relations professional. His past roles include Director of Finance at Scotts Miracle-Gro and Sector Controller at Howmet Castings. The company aims to enhance shareholder value and strengthen investor relationships under his leadership. Kimball Electronics operates globally, providing diverse manufacturing services.
Kimball Electronics reported a 4% increase in net sales for Q2 FY2021, totaling $321 million, compared to $307 million a year prior. Operating income rose to 5.0% of net sales, with adjusted operating income at 5.3%. The company achieved a net income of $15.1 million and diluted EPS of $0.60. Cash flow from operating activities hit a record $51.6 million. The firm anticipates maintaining around 4.5% operating income moving forward, with a commitment to 8% organic growth for the fiscal year.
Kimball Electronics (Nasdaq: KE) will release its second quarter fiscal year 2021 financial results on February 3, 2021, post-market close. A conference call and live webcast to discuss the results will be held on February 4, 2021, at 10:00 a.m. ET. Interested participants can access the call by dialing 800-992-4934 or 937-502-2251 internationally, using conference ID 7896947. The webcast will be available online and archived for later access. Kimball Electronics provides diversified manufacturing solutions globally, emphasizing quality and ethical practices.
Kimball Electronics (Nasdaq: KE) has appointed Jana Croom as Vice President of Finance, a newly created executive role. Croom, previously at NiSource, brings over 20 years of experience in finance and leadership. She has held significant roles in financial planning and operations, focusing on strategic outcomes. Croom holds an MBA from The Ohio State University. Her appointment reflects the company's commitment to enhancing shareholder value and driving continuous improvement. Kimball Electronics provides diversified manufacturing services globally, maintaining a high-performance culture.
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