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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) 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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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.