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.
Overview of Kimball Electronics Inc
Kimball Electronics Inc (KE) is a contract manufacturing services company specializing in durable electronics for high-impact industries. Leveraging state-of-the-art manufacturing, advanced engineering, and robust supply chain solutions, the company delivers integrated production services and quality assurance to original equipment manufacturers and contract manufacturers alike. With a strong emphasis on safety-critical applications, Kimball Electronics has built a reputation in the automotive, industrial, medical, and public safety sectors.
Core Business and Capabilities
The company’s core business is providing comprehensive electronics manufacturing services (EMS) that cover the entirety of the production cycle, from design and engineering to final assembly and testing. Its methodologies focus on a customer-centric approach, ensuring that every product meets rigorous quality and reliability standards. Key capabilities include:
- Contract Manufacturing: Customized production techniques tailored to client specifications.
- Engineering Services: Advanced design and development support for complex electronic assemblies.
- Supply Chain Management: Integrated logistics and sourcing solutions to streamline production.
Market Position and Industry Context
Operating in a competitive global landscape, Kimball Electronics has established itself as a trusted partner for companies requiring durable, reliable electronic assemblies. Its services are critical to sectors where failure is not an option and quality is paramount. The company faces challenges common to the EMS industry, including maintaining lean production processes and adhering to industry regulations, but its emphasis on quality, reliability, and speed has allowed it to remain relevant and competitive.
Operational Footprint and Global Reach
Kimball Electronics has a diverse geographic presence with business units strategically placed in regions such as the United States, Mexico, and key locations across Asia and Europe. This global footprint enables the company to offer localized support and rapid response, ensuring that its customers benefit from both proximity and extensive market expertise. The company’s ability to integrate these varied operations into a cohesive global network underpins its operational efficiency and service excellence.
Quality, Innovation, and Customer Focus
Central to Kimball Electronics’ philosophy is a high-performance culture that values ethical behavior, quality, speed, and reliability. Its commitment to innovation is demonstrated through ongoing improvements in manufacturing techniques and process optimization. By emphasizing customer-centric strategies and maintaining robust quality assurance protocols, the company ensures that every project aligns with the precise requirements of its diverse client base.
Competitive Differentiators
What sets Kimball Electronics apart is its comprehensive suite of services combined with deep technical expertise in producing safety-critical electronic assemblies. The company’s ability to meet stringent quality and regulatory standards, alongside its expansive global operations, provides a reliable and sustainable resource for clients in high-stakes industries. This meticulous attention to detail, integrated service offerings, and dedication to operational excellence contribute to its trusted reputation in the market.
Conclusion
In summary, Kimball Electronics Inc is a pivotal player in the electronics manufacturing services sector. Its commitment to quality, innovative production methodologies, and customer-focused practices makes it an essential partner for industries that depend on durable, reliable electronic solutions. The company’s operational strategies and extensive service portfolio underscore its role as a key contributor in the broader context of contract manufacturing and technical manufacturing excellence.
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.
Kimball Electronics reported a record quarterly net sales of $332 million for the first quarter of fiscal year 2021, representing a 6% year-over-year increase. Operating income reached $17.8 million, with net income at $16.8 million and diluted EPS of $0.66. Sales in the medical vertical surged 25% year-over-year, while automotive sales rose 61% sequentially. Cash flow from operations was strong at $20.7 million, though down from $39.6 million in the previous year. The company expects sales normalization in medical and growth in automotive markets in the upcoming quarter.
Kimball Electronics, Inc. (Nasdaq: KE) will announce its first quarter fiscal year 2021 financial results on November 3, 2020, after the market closes. A conference call is scheduled for November 4, 2020, at 10:00 a.m. Eastern Time to discuss the results. Interested parties can access the call via 800-992-4934 or 937-502-2251 for international calls, using conference ID 7190817. The webcast will be available on Kimball's investor relations website.
Kimball Electronics (Nasdaq: KE) has announced a shift to a virtual-only 2020 Annual Meeting due to the ongoing COVID-19 pandemic. The meeting is scheduled for November 10, 2020, at 9:00 A.M. EST. Share Owners as of the record date September 8, 2020, are eligible to participate and vote. Attendees must enter a 16-digit control number to join the webcast. Voting is encouraged in advance, though allowed during the meeting. The company emphasizes its commitment to a high-performance culture and offers diverse manufacturing solutions globally.
Kimball Electronics (NASDAQ: KE) has appointed Douglas A. Hass as Associate General Counsel and Assistant Secretary, effective immediately. Previously serving as General Counsel for Lifeway Foods, Mr. Hass brings extensive legal expertise and a decade of experience in the technology sector. John Kahle, VP and General Counsel, noted that Mr. Hass's leadership skills are crucial as the company continues to grow since becoming a public entity in 2014. Kimball Electronics operates globally, providing manufacturing solutions across various industries, focusing on quality and ethical behavior.
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