Kimball Electronics Inc Stock Price, News & Analysis

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 Investors can access a live webcast or an archived version on the Company’s website under the Investor Relations section.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.

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.

Kimball Electronics announces the retirement of Donald D. Charron as CEO on February 28, 2023, after 24 years of leadership, a tenure marked by significant achievements and nearly $2 billion in annual revenues. Ric Phillips will succeed him as CEO starting March 1, 2023, bringing over 20 years of experience from roles at Elkay Manufacturing and Essendant. The company anticipates growth due to a robust order backlog and recent facility expansions.

Kimball Electronics (Nasdaq: KE) will participate in the Sidoti December Small-Cap 2022 Virtual Conference.

Chief Financial Officer Jana Croom is set to present on Wednesday, December 7, 2022, at 1:00 PM ET. A live webcast of the presentation will be accessible through the company's website, specifically in the Events & Presentations section of Investor Relations. If you miss the live event, an archive will be available later on the same webpage.