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. (Nasdaq: KE) generates a steady flow of corporate, financial, and strategic news as a global manufacturer providing Electronics Manufacturing Services (EMS) and Contract Manufacturing Organization (CMO) solutions. From its headquarters in Jasper, Indiana, and operations in the United States, China, Mexico, Poland, Romania, and Thailand, the company reports developments related to its automotive, medical, and industrial vertical markets.
News for KE commonly includes quarterly and annual earnings releases, where Kimball Electronics discusses net sales by vertical market, operating income, adjusted operating income, cash generation from operations, and portfolio changes such as the divestiture of its Automation, Test, and Measurement business. These updates often highlight trends in automotive programs like electronic power steering, body controls, advanced driver-assistance or automated driver assist systems, and electronic braking systems, as well as medical programs in areas such as sleep therapy and respiratory care, guided therapy, in vitro diagnostics, drug delivery, AED, and patient monitoring.
Investors and observers can also expect news about strategic initiatives and capacity investments. The company has announced a new medical CMO facility in Indianapolis, describing it as a significant step in its medical strategy, and later detailed a ribbon-cutting event for an advanced medical manufacturing and innovation hub serving the medical and life sciences industries. Kimball Electronics has also communicated its intention to rebrand as Kimball Solutions, subject to approvals, reflecting what it describes as an expanded portfolio of capabilities and a solutions-driven approach.
Additional news items include participation in investor and industry conferences, announcements of annual meeting dates and proxy-related information, and leadership or governance updates reported through press releases and current reports on Form 8-K. For users following KE, this news stream provides context on the company’s operational performance, strategic focus on medical CMO activities, and its ongoing evolution within the EMS and manufacturing landscape.
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
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.
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