Kimball Electronics Inc Stock Price, News & Analysis

Kimball Electronics (Nasdaq: KE) will announce its second quarter fiscal 2022 financial results on February 7, 2022, after market close. A conference call will be held on February 8, 2022, at 10:00 a.m. ET to discuss these results. Investors can access the call by dialing 844-200-6205 within the U.S. or 929-526-1599 internationally, using conference ID 262854. A live webcast will be available at investors.kimballelectronics.com and a replay will be archived for those unable to attend.

Kimball Electronics, Inc. (Nasdaq: KE) will participate in the 13th Annual Southwest IDEAS Investor Conference on November 17, 2021, at the Westin Dallas Downtown in Dallas, TX. CEO Donald D. Charron will present at 2:15 PM CT. A live webcast of the presentation will be available on their website, along with an archived version post-event. The IDEAS Conferences aim to connect quality companies with investment professionals, boasting sponsors with over $200 billion in assets. For further information about Kimball Electronics, visit their website.

Kimball Electronics announces the retirement of Vice President and General Counsel John H. Kahle, effective December 31, 2021. He will be succeeded by Douglas A. Hass, previously Associate General Counsel. Hass brings over 25 years of experience in legal, management, and operations, particularly in technology and electronics sectors. Donald D. Charron, CEO, emphasized the seamless transition and Hass's alignment with the company's values and goals, focusing on enhancing shareholder value.

Kimball Electronics (Nasdaq: KE) reported Q1 fiscal 2022 net sales of $292.7 million, a 12% decline from the prior year. Net income was $2.6 million or $0.10 per diluted share, down from $16.8 million a year prior. Factors impacting performance included global supply chain disruptions and COVID restrictions in Malaysia. The company reaffirmed its fiscal 2022 guidance, projecting net sales between $1.4 billion and $1.5 billion. The automotive segment grew 9%, while medical and public safety saw declines of 33% and 16%, respectively.

Kimball Electronics, Inc. has scheduled its first quarter fiscal 2022 financial results announcement for November 3, 2021, post-market close. A conference call will follow on November 4, 2021, at 10:00 a.m. Eastern Time. Additionally, the company will hold its Annual Meeting of Share Owners on November 9, 2021, at 9:00 a.m. Eastern Time in Jasper, Indiana. Shareholders of record as of September 10, 2021 may participate. COVID-19 safety protocols will be enforced during the meeting.

Kimball Electronics (Nasdaq: KE) announced attendance at the Sidoti Fall 2021 Virtual Investor Conference on September 23, 2021, where CEO Donald D. Charron and CFO Jana Croom will participate in a fireside chat at 10:00 AM ET. The company reaffirmed its fiscal 2022 guidance, noting that supply chain disruptions have shifted more backlog to the second half of the year due to a global materials shortage, exacerbated by COVID-19 impacts in Malaysia. Despite high customer demand, the visibility of electronic components remains uncertain.

Kimball Electronics (Nasdaq: KE) launched Kimball Medical Solutions to enhance its offerings for the medical sector. This new initiative aims to provide full-service solutions encompassing electronics manufacturing, contract manufacturing, and custom automation. With over two decades of experience, Kimball's goal is to support medical customers in accelerating their speed to market and meeting stringent industry standards. The company operates globally, emphasizing a collaborative approach that integrates various manufacturing capabilities.

Kimball Electronics (KE) reported a strong fiscal year 2021 with record net sales of $1.29 billion, up 8% from 2020. In Q4 alone, net sales reached $329 million, marking a 15% increase. The company achieved operating income of 5.2%, with diluted EPS of $0.57 compared to a loss of $0.05 last year. Adjusted Q4 EPS rose 71% year-over-year. Cash flow from operations totaled $26.3 million for the quarter, the fifth consecutive quarter over $20 million. For FY 2022, Kimball projects net sales between $1.4 - $1.5 billion, translating to an 8% to 16% growth.

Kimball Electronics, Inc. (Nasdaq: KE) will announce its Q4 and FY 2021 financial results on August 4, 2021, post-market close. A conference call will follow on August 5, 2021, at 10:00 a.m. ET, accessible via telephone or live webcast. Investors can find additional details on their website.

Kimball Electronics specializes in electronics manufacturing and contract services globally, with operations in multiple countries and a commitment to quality and reliability.