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AUTOMOTIVE MARKET

Your Leader for Automotive Safety

The robust growth in automotive end market electronics is rooted in consumer demand for safer and more functional vehicles. Consequently, the need for highly reliable electronic assemblies, capable of meeting the tightest industry standards, has never been greater. Kimball Electronics, long a leader in the automotive market, remains committed to advancing creative EMS solutions to accommodate ever-evolving technologies and consumer preferences. As a pioneer in producing braking and steering electronics, Kimball Electronics has acquired unique market experience and knowledge, positioning it as a premiere EMS player for the exacting demands of Advanced Driver Assistance Systems.

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How We Build Lasting Relationships

Our automotive group has continuously delivered on time and on quality to our global Tier 1 customers for over 25 years. We are certified to IATF 16949 requirements and work to manage our supply chain to offer the best value to our customers over the course of the product lifecycle.

Our Services and Products

The Automotive-dedicated team will provide you with a single point of contact over the course of our partnership to ensure the ease of communication necessary to be flexible with market changes, from NPI to Aftermarket Support.

In every project, our goal is to support our customers' needs with the right mix of services, facility build site options, and technical expertise.

  • Safety Critical Electronics
  • Stability Control ECUs
  • Video Camera Systems
  • Electronic Power Steering
  • Sensors
  • Compass and Navigation System
  • Telematics
  • Infotainment Systems
  • Electronics Vehicle Systems
  • Electronic Drive Controls

Our global footprint, core competencies, Industry 4.0 experience, and core values ensure lasting relationships and global success.

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Committed Logo Committed

We are focused, aligned, disciplined, and committed to providing our customers with the highest-reliability and highest-quality in automotive electronics manufacturing. Since 1985, we have been committed to advancing creative EMS solutions to accommodate ever-evolving technologies and consumer preferences rooted in the demand for safer and more functional vehicles in the automotive industry. 

Insights

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

May 8, 2024, 00:00 by Nicole Krempp

 

Kimball Electronics, Inc. (Nasdaq: KE) announces 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 release.

 

  • Excluding these items, adjusted net income in the third quarter of fiscal 2024 totaled $8.4 million, or $0.34 per diluted share, and adjusted operating income equaled $17.0 million, or 4.0% of net sales.
  • Cash flow from operating activities in the quarter was $42.6 million driven by inventory reductions.
  • Company sharpens strategic focus on EMS operations and aligns cost structure to short-term demand trends.
  • Guidance for adjusted operating income in fiscal 2024 reiterated, while the estimate for net sales was updated, in response to the challenging operating environment, and capital expenditures strategically reduced.
  • Resumption of share repurchases approved by the Board of Directors.

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