Kimball Electronics, Inc. Reiterates Sales Guidance for Second Half and Fiscal Year 2022
February 07, 2022 at 04:05 pm EST
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Kimball Electronics, Inc. reiterated sales guidance for second half and fiscal year 2022. For the period, the company expects net sales in the range of $1.4 to $1.5 billion, an 8% to 16% increase year-over-year. Operating income is estimated to be 3.75% - 4.25% of net sales, compared to the original guidance of 4.5% to 5.0% of net sales.
The second half of fiscal 2022 is expected to ramp up significantly throughout the period, with a very strong finish to the fiscal year and operating income above that range, as the backlog of open orders is worked down.
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. 
