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 (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.
Kimball Electronics (Nasdaq: KE) will attend the Sidoti Spring 2022 Virtual Investor Conference on March 24, 2022, at 9:15 AM ET. The participation will feature a fireside chat with Donald D. Charron, CEO, and Jana Croom, CFO. Interested parties can access the live webcast on the company website in the Investor Relations section, which will also host an archive for those unable to attend live.
Kimball Electronics, based in Jasper, Indiana, provides diverse manufacturing solutions worldwide.
Kimball Electronics, Inc. (Nasdaq: KE) has announced the retirement of Sandy A. Smith, Vice President of IT, effective March 31, 2022. She will be succeeded by Isabel Wells, a technology leader with over 20 years of experience. Smith played a pivotal role in creating a separate IT framework post-spin-off from Kimball International in 2014 and spearheaded the company’s digital vision. Wells, previously with Avery Dennison, emphasized her excitement to support Kimball's growth and IT as a competitive advantage.
Kimball Electronics reported net sales of $315.3 million for Q2 FY2022, down 2% from the previous year. Net income was $5.1 million, or $0.20 per diluted share, marking a decline from $15.1 million in Q2 FY2021. Operating income decreased significantly to $6.9 million (2.2% of sales) compared to $16.2 million (5.0%) last year. The company anticipates finishing the fiscal year at the lower end of its $1.4 - $1.5 billion sales guidance, with revised operating income margin estimates reflecting challenges in material availability.
Kimball Electronics (Nasdaq: KE) has released its 2021 Environmental, Social & Governance (ESG) Report, highlighting the company's commitment to ESG principles dating back to 1961. CEO Don D. Charron emphasized the company's resilience amid global challenges like the pandemic and parts shortages. The report showcases advancements in human rights, supply chain transparency, occupational health and safety, and environmental stewardship. Investors can access the full report on Kimball's Investor Relations website.