Kimball Electronics Inc
NASDAQ:KE
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Kimball Electronics Inc
NASDAQ:KE
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US |
Kimball Electronics Inc
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. The company is headquartered in Jasper, Indiana and currently employs 6,400 full-time employees. The company went IPO on 2014-10-20. The firm provide contract electronics manufacturing services (EMS) and diversified manufacturing services, including engineering and supply chain support to customers in the automotive, medical, industrial and public safety end markets. The firm offers durable electronics. Its diversified contract manufacturing services includes non-electronic components, medical disposables, precision molded plastics, and production automation, test and inspection equipment. Its manufacturing services, including engineering and supply chain support, utilize common production and support capabilities globally. has business units located in the United States, China, Mexico, Poland, Romania, and Thailand, and each of these business units qualify as operating segments. In addition, the Company’s subsidiary, GES Holdings, Inc. has operations located in the United States, China, India, Japan, and Vietnam.
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. The company is headquartered in Jasper, Indiana and currently employs 6,400 full-time employees. The company went IPO on 2014-10-20. The firm provide contract electronics manufacturing services (EMS) and diversified manufacturing services, including engineering and supply chain support to customers in the automotive, medical, industrial and public safety end markets. The firm offers durable electronics. Its diversified contract manufacturing services includes non-electronic components, medical disposables, precision molded plastics, and production automation, test and inspection equipment. Its manufacturing services, including engineering and supply chain support, utilize common production and support capabilities globally. has business units located in the United States, China, Mexico, Poland, Romania, and Thailand, and each of these business units qualify as operating segments. In addition, the Company’s subsidiary, GES Holdings, Inc. has operations located in the United States, China, India, Japan, and Vietnam.
Sales Decline: Net sales for Q2 were $341.3 million, down 5% year-over-year, mainly due to weakness in Automotive and Industrial, offset by strong growth in Medical.
Medical Strength: Medical vertical sales grew 15% year-over-year and now make up 28% of company sales, continuing a strong growth trend.
Margin Improvement: Gross margin improved to 8.2%, up 160 basis points from last year, helped by a better sales mix, facility closure, FX, and restructuring.
Raised Guidance: Full fiscal 2026 sales guidance was increased to $1.4–$1.46 billion (from $1.35–$1.45 billion) and operating margin guidance was also raised.
Indianapolis Facility: The new 300,000 square foot medical manufacturing facility opened, expected to drive future growth but bringing short-term margin drag.
Cash Flow: Operating cash flow was positive for the eighth straight quarter, and inventory levels improved year-over-year.
Automotive Outlook: Automotive sales expected to stabilize or slightly improve in upcoming quarters as program anniversaries are lapped and Europe rebounds.
Rebrand Announced: The company will rebrand as Kimball Solutions to reflect a broader service offering.
