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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, 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.
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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.
Kimball Electronics (Nasdaq: KE) announced its attendance at the Sidoti Summer Small Cap 2022 Virtual Conference, with CEO Donald D. Charron and CFO Jana Croom participating in a fireside chat on June 15, 2022, at 10:00 AM ET. The chat will be accessible via a live webcast on the company's website in the Investor Relations section. An archive of the event will also be available post-event. Headquartered in Jasper, Indiana, Kimball Electronics provides diversified manufacturing solutions globally.
Kimball Electronics (KE) announced record net sales of $368.1 million for Q3 FY2022, a 19% year-over-year increase. Operating income rose to $20.3 million, representing 5.5% of net sales, an 80 basis point improvement. Net income reached $13.6 million, or $0.54 per diluted share, a 30% increase from the previous year. Despite challenges from the Ukraine conflict and COVID-19 lockdowns in China, the company expects a strong fourth quarter with net sales projected between $370 to $390 million. Fiscal 2022 net sales guidance is updated to $1.345 to $1.365 billion.
Kimball Electronics (Nasdaq: KE) will report its third quarter fiscal 2022 financial results on May 5, 2022, after market close. A conference call to discuss the results is scheduled for May 6, 2022, at 10:00 a.m. ET. Investors can access the call by dialing 844-200-6205 in the U.S. or 929-526-1599 internationally, using conference ID 250193. A live webcast will be available on their investor relations website.