Kimball Electronics (KE) is a global manufacturing solutions provider specializing in electronics manufacturing services (EMS) and contract manufacturing organization (CMO) solutions. The company designs, manufactures, and supplies durable electronics and non-electronic components for customers in the automotive, medical, and industrial markets. KE also offers engineering support, supply chain management, and sustainability-focused manufacturing processes to meet diverse customer needs.
- Automotive - Manufactures safety-critical electronic assemblies and durable electronics for automotive applications, leveraging over 35 years of expertise.
- Medical - Produces medical devices, medical disposables, and drug delivery solutions, ensuring compliance with rigorous engineering standards and long product life cycles.
- Industrial - Provides durable electronics and manufacturing solutions for industrial applications, emphasizing design, process validation, and lean manufacturing.
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Name | Position | External Roles | Short Bio | |
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Douglas A. Hass ExecutiveBoard | Chief Legal and Administrative Officer, Secretary | Board member of Columbus Insurance, Ltd | Douglas A. Hass is the Chief Legal and Administrative Officer, Secretary at Kimball Electronics since March 24, 2025. He joined KE in August 2020 and held the role of Chief Legal and Compliance Officer, Secretary from January 1, 2022. He also serves on the Board of Columbus Insurance, Ltd. | |
Jana T. Croom ExecutiveBoard | Chief Financial Officer (CFO) | Board Member of First Energy Corp. | Jana T. Croom has served as the Chief Financial Officer at Kimball Electronics since July 1, 2021. She joined KE as Vice President, Finance in January 2021 and also serves on the Board of First Energy Corp.. | |
Richard D. Phillips ExecutiveBoard | Chief Executive Officer | Independent Director at Greenheck Group | CEO of Kimball Electronics since March 1, 2023, with previous executive roles including President & CEO at Elkay Manufacturing Company and Essendant, Inc. | View Report → |
Adam M. Baumann Executive | Chief Accounting Officer | Adam M. Baumann is the Chief Accounting Officer at Kimball Electronics since July 1, 2023. He previously joined KE as Assistant Corporate Controller in April 2019 and served as Corporate Controller starting in March 2021. | ||
Isabel S. Wells Executive | Chief Information Officer | Isabel S. Wells has been the Chief Information Officer at Kimball Electronics since April 2022 , responsible for driving global IT strategy and cybersecurity efforts; she previously held senior IT roles at Avery Dennison. | ||
Jessica L. DeLorenzo Executive | Vice President, Human Resources | Jessica L. DeLorenzo has served as Vice President, Human Resources at Kimball Electronics since June 2018, and she joined the company in 2015 as Director, Organizational Development. | ||
Kathy R. Thomson Executive | Chief Commercial Officer | Kathy R. Thomson has served as the Chief Commercial Officer at Kimball Electronics since July 1, 2023, after previously serving as Vice President, Global Business Development and Design Services from 2018 and as Vice President of Business Development at Creation Technologies starting in 2012. | ||
Steven T. Korn Executive | Chief Operating Officer | Steven T. Korn is the Chief Operating Officer at Kimball Electronics since July 1, 2023. He previously served as President of Global Electronics Manufacturing Services Operations from 2020 to June 30, 2023 and as Vice President, North American Operations and Global Supply Chain from 2014 to 2020. | ||
Bob Phillippy Board | Chairperson of the Board | Chairperson at ESCO Technologies; Director at Materion Corporation | Bob Phillippy serves as the Chairperson of the Board at Kimball Electronics, having been appointed on March 1, 2023. He has extensive leadership experience, including serving as CEO of Newport Corporation and holding board roles at ESCO Technologies and Materion Corporation. | |
Colleen Repplier Board | Director | Director and finance committee chair for Triumph Group (NYSE: TGI); Director and compensation committee chair for privately held PGH KKSP Acquisition Holdings | Colleen Repplier has been a Director at Kimball Electronics since 2014 and serves on the Nominating and ESG Committee as well as the Talent, Culture, & Compensation Committee. | |
Greg Lampert Board | Director | Director at Xtek Corporation | Greg Lampert has been serving as a Director at Kimball Electronics since 2014. He has extensive leadership experience, including his tenure as CEO and President of Omni Cable Corporation until 2023 and key roles at General Cable. | |
Greg Thaxton Board | Director | Treasurer of the Executive Committee at Lorain County Community College Foundation; Member of the Finance, Audit, and Compliance Committees at Lorain County Community College Foundation | Greg Thaxton has served as a Director at Kimball Electronics since 2017. He previously held executive roles at Nordson Corporation as the Executive Vice President and Chief Financial Officer, retiring in 2020 after a 30-year career. | |
Holly Van Deursen Board | Director | Director at Albemarle Corporation; Director at Synthomer, plc | Holly Van Deursen has served as an independent Director at Kimball Electronics since 2019 and is the Chair of the Talent, Culture, & Compensation Committee. She brings extensive board governance and executive management experience from her roles at BP and as a director on other public company boards including Albemarle Corporation and Synthomer, plc. | |
Michele Holcomb Board | Director | Director at PureTech Health (LON: PRTC) | Michele Holcomb, PhD has served as a Director at Kimball Electronics since 2019 and is the Chair of the Nominating and ESG Committee. She brings extensive experience from strategic roles at Teva Pharmaceuticals and Cardinal Health. | |
Tom Vadaketh Board | Director | CFO at Enviri Corporation (since October 2023) | Tom Vadaketh has over 30 years of financial experience and has served as a Director at KE since 2022, also acting as the Audit Committee Chairperson. He currently serves as the CFO at Enviri Corporation since October 2023 and has previously held senior financial roles at Bausch Health and eResearch Technology, Inc.. |
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Given the significant impact of the $24 million consigned inventory sale on the medical vertical and overall revenue, how will management ensure this one-time benefit does not mask underlying margin challenges going forward?
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With gross margins declining by 70 basis points year-over-year despite sequential improvements, how does management plan to sustain or improve margins amid the ongoing uncertainties with tariffs and cost pressures?
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The company has opted to lease the new Indianapolis facility to mitigate upfront costs; however, what is the expected long-term impact on fixed costs and profitability once rent and depreciation expenses begin, especially as the CMO business scales?
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Inventory has decreased by $100 million over the past year, yet there are mixed signals regarding customer inventory rebuilding amid tariff uncertainties; can management clarify how sustainable this trend is and what risks it might pose to working capital?
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With roughly $20 million remaining under the share repurchase program and ongoing capital investment needs, how will management balance future buybacks with strategic investments in automation and facility transitions under uncertain economic conditions?
Research analysts who have asked questions during Kimball Electronics earnings calls.
Anja Soderstrom
Sidoti & Company, LLC
4 questions for KE
Jaeson Schmidt
Lake Street Capital Markets
4 questions for KE
Derek Soderberg
Cantor Fitzgerald
3 questions for KE
Michael Crawford
B. Riley Securities, Inc.
3 questions for KE
Hendi Susanto
Gabelli Funds
2 questions for KE
Mike Crawford
B. Riley Securities
1 question for KE
Competitors mentioned in the company's latest 10K filing.
Company | Description |
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Numerous manufacturers in the EMS industry compete for business from existing and potential customers. This competitor is one of the EMS companies mentioned as part of the competition landscape in the industry. | |
This company is listed among the EMS competitors vying for business from existing and potential customers in the global market. | |
Identified as a competitor in the EMS industry, competing for business from existing and potential customers. | |
This company is mentioned as one of the competitors in the EMS industry, which competes globally for business. | |
Listed as a competitor in the EMS industry, competing for business from existing and potential customers. |
Customer | Relationship | Segment | Details |
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Nexteer Automotive | Contract manufacturing services for automotive steering | Automotive | Constituted 19% of net sales in FY 2025 and 30% of trade receivables as of June 30, 2025. |
ZF | Contract manufacturing services for automotive systems | Automotive | Accounted for 11% of net sales in FY 2025 and less than 10% of trade receivables as of June 30, 2025. |
Philips | Contract manufacturing services for healthcare/medical devices | Medical | Contributed less than 10% of net sales in FY 2025, down from 14% in FY 2023. |
HL Mando | Contract manufacturing services for automotive solutions | Automotive | Comprised 10% of trade receivables as of June 30, 2025, with less than 10% of net sales. |
Recent press releases and 8-K filings for KE.
- Kimball Electronics reported nearly $1.5 billion in revenue for fiscal year 2025 and generated a record almost $185 million in cash from operating activities, holding $374 million in liquidity.
- The company maintains a diversified portfolio across automotive, medical, and industrial verticals, focusing on non-commodity products and long-term customer relationships.
- For fiscal year 2026, Kimball Electronics expects net sales of $1.35 billion to $1.45 billion, a decrease from FY25, but anticipates adjusted operating income margin to remain in line with the prior year despite the loss of a $60 million braking program.
- Strategic investments include a new 300,000 square foot medical Contract Manufacturing Organization (CMO) facility in Indianapolis, with a focus on expanding the higher-margin medical CMO business and an anticipated return to overall growth by FY27.
- Kimball Electronics reported net sales of $380.5 million and diluted EPS of $0.26 for the fourth quarter of fiscal year 2025, with adjusted diluted EPS of $0.34. For the full fiscal year ended June 30, 2025, net sales totaled $1,486.7 million and diluted EPS was $0.68, with adjusted diluted EPS of $1.12.
- The company generated $78.1 million in cash from operating activities in Q4 2025, marking its sixth consecutive quarter of positive cash flow, and achieved a record $183.9 million in cash generated from operating activities for fiscal year 2025. This strong cash generation supported a $147.3 million (50%) reduction in debt year-over-year.
- For fiscal year 2026, Kimball Electronics anticipates net sales between $1,350 million and $1,450 million, representing a 2% to 9% decrease compared to fiscal 2025, and projects adjusted operating income to be 4.0% to 4.25% of net sales. This guidance reflects an expected decline in automotive sales, partially offset by modest growth in medical and industrial businesses.