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.
Kimball Electronics (Nasdaq: KE) has completed the divestiture of its Automation, Test, and Measurement (AT&M) business to Averna Technologies Inc. on July 31, 2024. The proceeds will support organic growth, debt reduction, and share repurchases. CEO Richard D. Phillips stated that while they enhanced AT&M capabilities since acquiring Global Equipment Services (GES) in 2018, it wasn't a strategic fit for Kimball. The company will now focus on core Electronics Manufacturing Services (EMS) operations. Averna's CEO, Francois Rainville, welcomed the addition, which strengthens their position in automation, test, and measurement globally. B. Riley Securities acted as the exclusive financial advisor for the transaction.
Kimball Electronics (Nasdaq: KE) has announced the schedule for reporting its fourth quarter and fiscal year 2024 financial results. The company will release its financial report on Tuesday, August 13, 2024, after the market closes. Following this, Kimball Electronics will host a conference call and live webcast on Wednesday, August 14, 2024, at 10:00 a.m. Eastern Time to review the results.
Investors and interested parties can access the conference call by dialing 877-407-8293 (domestic) or +1 201-689-8349 (international). A live webcast of the call will be available on the company's investor relations website at investors.kimballelectronics.com. For those unable to participate in the live event, a replay will be archived on the same website for future access.
Kimball Electronics (Nasdaq: KE) has appointed Andrew D. Regrut as Treasurer and Investor Relations Officer, effective June 1, 2024. Regrut, who has been with the company since March 2021, will manage Treasury operations in addition to Investor Relations. CFO Jana T. Croom expressed confidence in Regrut's ability to enhance the company's capital structure and future growth. The announcement precedes Kimball Electronics' participation in the Stifel Cross Sector Insight Conference in Boston on June 5, 2024, where CEO Richard D. Phillips will present an overview of the company. The presentation will be webcast live and available for replay on the company's website.
Kimball Electronics, Inc. (Nasdaq: KE) will participate in various investor conferences in May 2024. The company will attend the Oppenheimer 19th Annual Industrial Growth Conference, EF Hutton Annual Global Conference, and B. Riley Securities 24th Annual Institutional Investor Conference. Kimball Electronics is a global provider of electronics manufacturing services with operations in multiple countries. The company values quality, reliability, speed, and ethical behavior.
Kimball Electronics, Inc. (Nasdaq: KE) reported Q3 results with $425.0 million in net sales and a net loss of $6.1 million, including impairment costs related to the Automation, Test & Measurement business. The company expects to divest this segment. Adjusted net income was $8.4 million, and adjusted operating income was $17.0 million. The company is focusing on EMS operations, aligning costs with demand trends, and reducing capital expenditures. Share repurchases have resumed. Guidance for fiscal 2024 includes a 4-6% decline in net sales and adjusted operating income of 4.2-4.6% of net sales.
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