Kimball Electronics

Kimball Electronics, Inc. engages in the provision of engineering, manufacturing and supply of chain services to customers in the automotive, medical, industrial and public safety end markets. It offers the following solutions: design services, rapid prototyping and new product introduction support, production and testing of printed circuit board assemblies, industrialization and automation of manufacturing processes, reliability testing, assembly, production and packaging of other related non-electronic products, supply chain services and complete product life cycle management. The company was founded in 1961 and is headquartered in Jasper, IN.

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Kimball Electronics reports robust Q3 performance and outlines growth opportunities

Kimball Electronics delivered strong financial results in Q3 2023, driven by growth across all verticals. The company's outlook for fiscal 2023 includes an expected 30% increase in net sales and adjusted operating income at the mid to low point of the guidance range. Management emphasized the company's strengths and opportunities while acknowledging challenges in gross margin rate, recession preparedness, and global supply chain disruptions.

Kimball Electronics reports record Q2 sales amidst supply chain challenges

Kimball Electronics delivered strong financial performance in Q2 2023, with record net sales and improved operating income, reflecting operational excellence and growth momentum.
While facing challenges related to component shortages impacting cash flow and inventory levels, the company remains resilient and proactive in addressing these issues.
With raised guidance for fiscal 2023 and a focus on managing working capital and supply chain disruptions, Kimball Electronics is poised for continued growth and market resilience.

Kimball Electronics achieves record sales in Q3 2023, eyes global expansion

Kimball Electronics delivered exceptional performance in Q3 2023, showcasing robust sales growth and financial stability. Despite supply chain challenges, the company remains resilient and anticipates continued growth opportunities through strategic expansions and market trends.

Kimball Electronics reports record Q4 performance amidst customer challenges

Kimball Electronics (KE) delivered strong financial performance in Q4 2023, with record sales and operating income, driven by growth across key sectors.
While facing challenges from a significant customer issue, KE remains optimistic about growth opportunities and operational improvements in FY '24.
By maintaining a focus on efficiency, capacity utilization, and strategic growth initiatives, KE aims to navigate challenges and capitalize on emerging opportunities.
The company's resilience, continuous improvement culture, and strategic focus position it well for sustainable growth and profitability in the future.

Kimball Electronics reports record Q1 sales but revises 2024 guidance

Kimball Electronics delivered a strong performance in Q1 2024, achieving record sales and income growth. While facing challenges in certain markets, the company remains resilient with a focus on cost management and customer relationships. Opportunities lie in navigating market dynamics and sustaining partnerships for long-term growth.

Kimball Electronics faces Q2 challenges, eyes growth opportunities ahead

Kimball Electronics navigated challenges in Q2 2024 with a focus on cost management and organic growth strategies.
Despite a decline in net sales, the company demonstrated strengths in certain vertical markets and regions like North America and China.
Opportunities for growth lie in operational efficiency improvements, market expansion, and strengthening customer relationships.

Kimball Electronics reports Q3 sales decline, focuses on EMS growth

Kimball Electronics (KE) reported a decline in net sales across all vertical markets in Q3 2024, with strategic steps taken to realign operations and enhance focus on EMS operations.
Despite challenges from weak demand and recalls, the company maintained a healthy financial position with a focus on cost management and operational efficiency.
Anticipated macro headwinds and restructuring charges in fiscal 2025 highlight the need for continued strategic adaptation and financial prudence in navigating market uncertainties.
Opportunities lie in leveraging divestiture benefits, exploring growth avenues, and sustaining efforts to drive profitability and long-term value creation in a competitive landscape.

Kimball Electronics reports Q4 2024 decline, focuses on EMS growth

Kimball Electronics faced YoY declines in net sales across automotive, medical, and industrial segments.
Despite challenges, the company is strategically focusing on core EMS operations for growth.
FY 2025 guidance suggests a positive outlook with net sales of $1.44B-$1.54B and adjusted operating income of 4%-4.5%.
Analyst questions during the earnings call covered various topics, reflecting investor interest and concerns.

Kimball Electronics Q1 2025: Navigating Challenges, Focused Growth Strategy

Kimball Electronics navigated challenges in Automotive, Medical, and Industrial segments while focusing on core verticals.
Efforts to streamline operations and reduce inventory demonstrate a commitment to efficiency and financial discipline.
Guidance for fiscal year 2025 reflects a strategic outlook for growth and profitability amidst market challenges.
Overall, Kimball Electronics aims to leverage opportunities in key segments to drive future performance and value creation.

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Kimball Electronics, Inc. engages in the provision of contract manufacturing services including engineering and supply chain support for the production of electronic assemblies and other products including medical devices, medical disposables, precision molded plastics, and automation, test, and inspection equipment primarily in automotive, medical, and industrial applications. It operates through the following business units: the United States, China, Mexico, Poland, Romania, Thailand, and GES. The company was founded in 1961 and is headquartered in Jasper, IN.

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Post-COVID, the consumer electronics industry has faced a challenging path, including inflation, customers' hesitancy to spend money on non-essential goods, and more. Analysts expect 2025 could bring a modest recovery to this space, with global consumer electronics sales of $977 billion.

Top 3 Behind-the-Scenes Electronic Component Companies to Watch

JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) was honored for achieving the Highest Overall Customer Ratings in seven categories of CIRCUITS ASSEMBLY'S 2024 Service Excellence Awards: Dependability/Timely Delivery, Manufacturing Quality, Responsiveness, Technology, Value for the Price, Flexibility, and Overall Satisfaction. CIRCUITS ASSEMBLY, a leading industry publication covering the mixed-technology electronics assembly marketplace, recognized companies that received.

Kimball Electronics Wins Highest Customer Ratings in Seven Categories of CIRCUITS ASSEMBLY'S 2024 Service Excellence Awards

Kimball Electronics, Inc. (NASDAQ:KE ) Q1 2025 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Andy Regrut - Treasurer and Investor Relations Officer Ric Phillips - Chief Executive Officer Jana Croom - Chief Financial Officer Conference Call Participants Mike Crawford - B. Riley Securities Jaeson Schmidt - Lake Street Anja Soderstrom - Sidoti Operator Good morning, ladies and gentlemen.

Kimball Electronics, Inc. (KE) Q1 2025 Earnings Call Transcript

Kimball Electronics (KE) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.43 per share a year ago.

Kimball Electronics (KE) Q1 Earnings Match Estimates

JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) today announced financial results for the first quarter ended September 30, 2024.   Three Months Ended   September 30, (Amounts in Thousands, except EPS)   2024       2023   Net Sales $ 374,256     $ 438,081   Operating Income $ 9,115     $ 19,490   Adjusted Operating Income (non-GAAP) (1) $ 12,590     $ 21,006   Operating Income %   2.4 %     4.4 % Adjusted Operating Income (non-GAAP) %   3.4 %     4.8 % Net Income $ 3,154  .

Kimball Electronics Reports Q1 Results and Confirms Guidance for Fiscal Year 2025, Company Continues to Sharpen Its Strategic Focus With Closure of Its Manufacturing Facility in Tampa, FL

JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) today announced that it will report first quarter fiscal year 2025 financial results on Monday, November 4, 2024, after the closing of the market. The company will host a conference call and live webcast to review the results on Tuesday, November 5, 2024, at 10:00 a.m. Eastern Time. The telephone number to access the conference call is 877-407-8293 / +1 201-689-8349. A live webcast of the conference call can be accessed at in.

Kimball Electronics, Inc. Announces Date For Reporting First Quarter Fiscal Year 2025 Financial Results

JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) today announced the Company will hold its Annual Meeting of Share Owners on Friday, November 15, 2024, at 10:00 a.m. (EST). The meeting will be an in-person event occurring at the Kimball Electronics corporate office located at 1205 Kimball Boulevard, Jasper, Indiana. The meeting will focus on voting results for formal business and proxy proposals. Share Owners as of the September 9, 2024 record date may vote electronically,.

Kimball Electronics, Inc. Announces Annual Meeting Of Share Owners

JASPER, Ind., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Kimball Electronics, Inc. (Nasdaq: KE) today announced the Company will be attending the 2024 Annual Gateway Conference, which is being held September 4-5, at the Four Seasons Hotel in San Francisco, CA. Jana Croom, Chief Financial Officer, is scheduled to present on Thursday, September 5, 2024 at 9:00 a.m. Pacific Time.

Kimball Electronics to Participate at the 2024 Annual Gateway Conference

Kimball Electronics, Inc. (NASDAQ:KE ) Q4 2024 Earnings Conference Call August 14, 2024 10:00 AM ET Company Participants Andrew Regrut - Treasurer and Investor Relations Officer Richard Phillips - Chief Executive Officer Jana Croom - Chief Financial Officer Conference Call Participants Mike Crawford - B. Riley Securities Jaeson Schmidt - Lake Street Derek Soderberg - Cantor Fitzgerald Anja Soderstrom - Sidoti & Company Hendi Susanto - Gabelli Funds Operator Good morning, ladies and gentlemen, and welcome to the Kimball Electronics Fourth Quarter Fiscal 2024 Earnings Conference Call.

Kimball Electronics, Inc. (KE) Q4 2024 Earnings Call Transcript

JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) today announced financial results for the fourth quarter and fiscal year ended June 30, 2024.   Three Months Ended   Fiscal Year Ended   June 30,   June 30, (Amounts in Thousands, except EPS)   2024       2023       2024       2023   Net Sales $ 430,158     $ 496,141     $ 1,714,510     $ 1,823,429   Operating Income (1) $ 19,608     $ 31,449     $ 49,277     $ 87,729   Adjusted Operating Income (non-GAAP) (2) $ 20,944     $.

Kimball Electronics Reports Q4 Results; Company Provides Guidance for Fiscal 2025

600 new employees will be based in Asia and the U.S., with offices in Vietnam, China, India, Japan and Silicon Valley. MONTREAL , Aug. 1, 2024 /PRNewswire/ - Averna, a leading global test & quality solutions provider, announced the acquisition of Global Equipment Services, Inc. (GES), a division of Kimball Electronics, Inc. (Nasdaq: KE) specialized in automation, test and measurement solutions for industries such as consumer electronics, semiconductor and medical devices.

Averna Expands its Asian and North American Footprint with the Acquisition of Global Equipment Services, Inc. from Kimball Electronics, Inc.

JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) today announced the completion of the divestiture of its Automation, Test, and Measurement (AT&M) business. The sale to Averna Technologies Inc. closed on July 31, 2024, with the proceeds from the transaction being used for support of organic growth, debt reduction, and share repurchases. Kimball Electronics entered the automation, test, and measurement industry with the acquisition of Global Equipment Services, Inc. (GES.

Kimball Electronics Completes the Divestiture of its Automation, Test, and Measurement Business; Enhancing the Company's Strategic Focus on Core Electronics Manufacturing Services

JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) today announced that it will report fourth quarter and fiscal year 2024 financial results on Tuesday, August 13, 2024, after the closing of the market. The company will host a conference call and live webcast to review the results on Wednesday, August 14, 2024, at 10:00 a.m. Eastern Time. The telephone number to access the conference call is 877-407-8293 / +1 201-689-8349. A live webcast of the conference call can be accessed.

Kimball Electronics, Inc. Announces Date For Reporting Fourth Quarter and Fiscal Year 2024 Financial Results

JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) today announced that it has expanded the role of Andrew D. Regrut, Vice President, Investor Relations, to include Treasury operations. Mr. Regrut, who has led Investor Relations since March 2021, will serve as Treasurer and Investor Relations Officer effective June 1, 2024. Commenting on the organizational change, Jana T. Croom, Chief Financial Officer, stated, “I am very pleased with Andy's appointment to this expanded role.

Kimball Electronics Announces Appointment of New Treasurer in Advance of Participating at the Stifel 2024 Cross Sector Insight Conference

JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) today announced its schedule to participate in the following investor conferences in May 2024. Oppenheimer 19th Annual Industrial Growth Conference Format: Virtual; one-on-one meetings and presentation When: Thursday, May 9, 2024; presentation time: 9:45am-10:20am ET Live Webcast: investors.kimballelectronics.com/events-and-presentations/events For those unable to participate in the live webcast, a replay will be available at.

Kimball Electronics to Participate in Upcoming Investor Events

Kimball Electronics, Inc. (NASDAQ:KE ) Q3 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Andy Regrut - Vice President, Investor Relations Ric Phillips - Chief Executive Officer Jana Croom - Chief Financial Officer Conference Call Participants Griffin Boss - B. Riley Securities Derek Soderberg - Cantor Fitzgerald Jaeson Schmidt - Lake Street Tim Moore - EF Hutton Operator Good morning, ladies and gentlemen.

Kimball Electronics, Inc. (KE) Q3 2024 Earnings Call Transcript

Kimball Electronics (KE) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.65 per share a year ago.

Kimball Electronics (KE) Lags Q3 Earnings and Revenue Estimates

JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) today announced financial results for the third quarter of fiscal 2024 with net sales totaling $425.0 million and a net loss of $6.1 million, or $0.24 per share. This result includes the impairment of the Automation, Test & Measurement business, which the Company expects to divest, along with restructuring expense, partially offset by the recovery of a legal settlement. A detailed reconciliation is provided later in this.

Kimball Electronics Reports Q3 Results; Company Announces Renewed Strategic Focus, Including Expected Divestiture of the Automation, Test & Measurement Business

JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) today announced that it will report third quarter fiscal year 2024 financial results on Tuesday, May 7, 2024, after the closing of the market. The company will host a conference call and live webcast to review the results on Wednesday, May 8, 2024, at 10:00 a.m. Eastern Time. The telephone number to access the conference call is 404-975-4839 in the United States, or 833-470-1428 for other locations. Please reference conferenc.

Kimball Electronics, Inc. Announces Date For Reporting Third Quarter Fiscal Year 2024 Financial Results

JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) today published its annual sustainability disclosures in its 2023 Guiding Principles Report, themed “How We Are Winning Together The Kimball Way.” Based on sustainability activities, performance, and results in calendar 2023, the Company assessed its progress on material economic, environmental, and social impacts in accordance with the Global Reporting Initiative (GRI) Index standards, the world's most widely used sustainabi.

Kimball Electronics Publishes Annual Sustainability Disclosures with its 2023 Guiding Principles Report

Kimball Electronics, Inc. (KE) Q4 2023 Earnings Call Transcript

Kimball Electronics fell short of revenue and earnings estimates with its fiscal second-quarter report. Management also warned macro headwinds will persist through at least the end of this fiscal year and lowered its full-year outlook accordingly.

Why Kimball Electronics Stock Dropped Today

JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) today announced financial results for the second quarter of fiscal 2024.                 Three Months Ended   Six Months Ended   December 31,   December 31, (Amounts in Thousands, except EPS) 2023   2022   2023   2022 Net Sales $ 421,235     $ 436,696     $ 859,316     $ 842,585   Operating Income $ 16,610     $ 17,489     $ 36,100     $ 31,060   Adjusted Operating Income (non-GAAP) (1) $ 17,094     $ 17,829     $ 36,407    .

Kimball Electronics Reports Q2 Results; Company Updates Guidance for Fiscal 2024

JASPER, Ind.--(BUSINESS WIRE)--Kimball Electronics, Inc. (Nasdaq: KE) today announced that it will report second quarter fiscal year 2024 financial results on Monday, February 5, 2024, after the closing of the market. The company will host a conference call and live webcast to review the results on Tuesday, February 6, 2024, at 10:00 a.m. Eastern Time. The telephone number to access the conference call is 404-975-4839 in the United States, or 833-470-1428 for other locations. Please reference c.

Kimball Electronics, Inc. Announces Date For Reporting Second Quarter Fiscal Year 2024 Financial Results

Kimball Electronics, Inc. (NASDAQ:KE ) Q1 2024 Earnings Conference Call November 7, 2023 10:00 AM ET Company Participants Andy Regrut - Vice President, Investor Relations Ric Phillips - Chief Executive Officer Jana Croom - Chief Financial Officer Conference Call Participants Mike Crawford - B. Riley Derek Soderberg - Cantor Fitzgerald Jason Smith - Lake Street Anja Soderstrom - Sidoti Hendi Susanto - Gabelli Funds Mac Furst - Singular Operator Good morning, ladies and gentlemen.

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