Kimball Electronics Inc Stock Price, News & Analysis

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.

Kimball Electronics (Nasdaq: KE) will participate in the 14th Annual Southwest IDEAS Investor Conference on November 17, 2022, in Dallas, TX. CEO Donald D. Charron will present at 8:45 AM CT. A live webcast will be available on the company's website, with an archive to follow for those unable to attend. The IDEAS Conferences aim to connect quality companies with investment professionals and feature sponsors managing over $200 billion in assets. Kimball Electronics is committed to high performance and excellence in manufacturing solutions across various global locations.

Kimball Electronics reported record net sales of $405.9 million in Q1 fiscal 2023, a 39% year-over-year increase, despite a 5% adverse impact from currency fluctuations. Operating income rose to $13.6 million (3.3% of net sales) from $4.8 million (1.6%). Net income increased to $9.5 million or $0.38 per diluted share, up from $2.6 million or $0.10. The company affirmed its fiscal 2023 guidance, expecting net sales between $1.6 - $1.7 billion, a 19% - 26% increase year-over-year.

Kimball Electronics, Inc. (Nasdaq: KE) will host its Annual Meeting of Share Owners on November 11, 2022, at 9:00 a.m. Eastern Time at its headquarters in Jasper, Indiana. Shareholders registered by the September 12, 2022 record date can vote in person or submit proxies. Kimball Electronics provides diversified contract manufacturing services globally, emphasizing quality and reliability across various industries.

Kimball Electronics (Nasdaq: KE) is set to report its first quarter fiscal year 2023 financial results on November 7, 2022, after market close. A conference call will take place on November 8, 2022, at 10:00 a.m. Eastern Time to discuss the results.

Participants can access the call via telephone at 844-200-6205 in the U.S. or 929-526-1599 internationally, referencing conference ID 924286. A live webcast will also be available at Kimball Electronics Investors.

Kimball Electronics (Nasdaq: KE) expanded its Board of Directors by appointing Tom Vadaketh as a new director effective September 13, 2022. Mr. Vadaketh, currently the Chief Financial Officer of Bausch Health (NYSE:BHC), will serve on the Audit Committee and stand for election at the upcoming Annual Meeting in November 2022. With extensive experience in finance and leadership roles in multinational organizations, his addition is expected to enhance the Board's skill set and contribute to the company's growth and stakeholder relationships.