Kimball Electronics Inc Stock Price, News & Analysis

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.

Kimball Electronics (Nasdaq: KE) has appointed Andy Regrut as the new Head of Investor Relations. Regrut brings 30 years of experience in finance and investment, previously serving at Big Lots, where he was recognized as a leading investor relations professional. His past roles include Director of Finance at Scotts Miracle-Gro and Sector Controller at Howmet Castings. The company aims to enhance shareholder value and strengthen investor relationships under his leadership. Kimball Electronics operates globally, providing diverse manufacturing services.

Kimball Electronics reported a 4% increase in net sales for Q2 FY2021, totaling $321 million, compared to $307 million a year prior. Operating income rose to 5.0% of net sales, with adjusted operating income at 5.3%. The company achieved a net income of $15.1 million and diluted EPS of $0.60. Cash flow from operating activities hit a record $51.6 million. The firm anticipates maintaining around 4.5% operating income moving forward, with a commitment to 8% organic growth for the fiscal year.

Kimball Electronics (Nasdaq: KE) will release its second quarter fiscal year 2021 financial results on February 3, 2021, post-market close. A conference call and live webcast to discuss the results will be held on February 4, 2021, at 10:00 a.m. ET. Interested participants can access the call by dialing 800-992-4934 or 937-502-2251 internationally, using conference ID 7896947. The webcast will be available online and archived for later access. Kimball Electronics provides diversified manufacturing solutions globally, emphasizing quality and ethical practices.

Kimball Electronics (Nasdaq: KE) has appointed Jana Croom as Vice President of Finance, a newly created executive role. Croom, previously at NiSource, brings over 20 years of experience in finance and leadership. She has held significant roles in financial planning and operations, focusing on strategic outcomes. Croom holds an MBA from The Ohio State University. Her appointment reflects the company's commitment to enhancing shareholder value and driving continuous improvement. Kimball Electronics provides diversified manufacturing services globally, maintaining a high-performance culture.

Kimball Electronics, Inc. (Nasdaq: KE) announced an extension of its stock repurchase plan, authorizing an additional purchase of up to $20 million of its common stock, bringing the total authorized repurchases to $100 million without expiration. This move reflects the Board's confidence in the company's business model and strong cash flow. The repurchases may occur via various methods, including in open-market transactions, based on market conditions and corporate considerations. The company plans to fund the purchases using existing liquidity.