Kimball Electronics, Inc. Affirms Earnings Guidance for the Fiscal Year 2023
November 07, 2022 at 04:34 pm EST
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Kimball Electronics, Inc. affirmed earnings guidance for the fiscal year 2023. For the year, net sales in the range of $1.6 billion to $1.7 billion, a 19% to 26% increase year-over-year and operating income in the range of 4.6% to 5.2% of net sales.
Kimball Electronics, Inc. is a multifaceted manufacturing solutions provider. The Company provides electronics manufacturing services (EMS), including engineering and supply chain support, to customers in the automotive, medical, and industrial end markets. It produces durable electronics and extends to contract manufacturing services for non-electronic components, medical disposables, drug delivery solutions, precision molded plastics, and production automation, test, and inspection equipment. Its services support the complete product life cycle of its customersâ products, and its processes and capabilities cover a range of products from high volume-low mix to high mix-low volume. It offers its services globally on a contract basis and it manufactures products to its customers' specifications. The Company manufactures products for its customers at facilities located in the United States, China, Mexico, Poland, Romania, Thailand, and Vietnam. It also has operations in India and Japan.
KIMBALL ELECTRONICS, INC. 
