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 announces the retirement of Vice President and General Counsel
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
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.
Kimball Electronics (Nasdaq: KE) reported a 6% increase in net sales to $310 million for Q3 FY2021, with operating income at 4.7% of net sales. Net income rose to $10.5 million ($0.41 diluted EPS), while adjusted net income was $9.9 million ($0.39 adjusted EPS). Operating cash flow reached $31.5 million, significantly up from $12 million in Q3 FY2020. Despite the ongoing global semiconductor shortage impacting shipments, the company anticipates a strong Q4 FY2021 performance due to secured supplier commitments.
Kimball Electronics (Nasdaq: KE) announced the retirement of CFO Michael K. Sergesketter, effective June 30, 2021, after 25 years in the role. He will be succeeded by Jana Croom, previously Vice President of Finance, who joined the company in January 2021. Croom brings over 20 years of financial experience and has held key roles in strategic enterprise planning. The transition aims to enhance leadership as the company prepares to report its third quarter results on May 5, 2021. Kimball Electronics emphasizes a commitment to quality and growth amidst this leadership change.
Kimball Electronics, Inc. (Nasdaq: KE) will announce its third quarter fiscal year 2021 financial results on May 5, 2021, post-market close. A conference call will follow on May 6, 2021, at 10:00 a.m. ET, accessible via telephone or a live webcast. The company, a global manufacturing solutions provider, operates in several countries, delivering contract manufacturing services across various industries. For more details, visit their investor relations page.
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