Kimball Electronics Inc Stock Price, News & Analysis

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.

Kimball Electronics (Nasdaq: KE) will participate in the 13th Annual Midwest IDEAS Conference in Chicago, IL, on August 25, 2022, at 3:00 PM CT. CFO Jana T. Croom will present, with a live webcast available on the company’s investor relations website. The IDEAS Conferences provide regional venues for quality companies to showcase their investment potential, sponsored by investors. Additional details on the conference and archive presentations can be found at www.IDEASconferences.com.

Kimball Electronics reported a record net sales of $373.5 million for Q4 FY2022, a 13% increase year-over-year. However, foreign currency fluctuations negatively impacted earnings, reducing diluted EPS to $0.40, down from $0.57 in the prior year. Operating income stood at $20.6 million (5.5% of net sales), while net income fell to $9.9 million compared to $14.4 million in Q4 FY2021. Guidance for FY2023 anticipates net sales between $1.6-$1.7 billion, a growth of 19%-26%, alongside increasing operating income margins.

Kimball Electronics, Inc. (Nasdaq: KE) will report its Q4 and fiscal year 2022 financial results on August 4, 2022, post-market. A conference call will follow on August 5, 2022, at 10:00 a.m. ET to discuss these results. Interested parties can access the call at 844-200-6205 (U.S.) or 929-526-1599 (international), referencing conference ID 335447. A live webcast will also be available at their investor relations site.