Kimball Electronics to Participate at the Sidoti Fall 2021 Virtual Investor Conference
September 21 2021 - 4:09PM
Kimball Electronics, Inc. (Nasdaq: KE) today announced the company
will be attending the Sidoti Fall 2021 Virtual Investor Conference.
Donald D. Charron, Chairman and Chief Executive Officer, and Jana
Croom, Vice President, Chief Financial Officer, will participate in
a fireside chat on Thursday, September 23, 2021 at 10:00 AM ET. A
webcast of the fireside chat will be available on the company
website, on the Events & Presentations tab in the Investor
Relations section, at
https://investors.kimballelectronics.com/events-presentations. If
you are unable to attend the live webcast, an archive will be
available in this same location on the company website.
In advance of the conference, the company
reaffirms its guidance for the full year fiscal 2022, with supply
chain disruptions shifting more shippable backlog to the second
half of the fiscal year.
Commenting on today’s announcement, Mr. Charron
stated, “As highlighted in our earnings release in August, we
expect two very different halves to fiscal 2022 as a result of the
global materials shortage. The supply chain disruption in July and
August was more pronounced than our original estimates, partly due
to rising COVID-19 infections in Malaysia that slowed output at
parts factories. This compounded an already severe global shortage
of semiconductors and is shifting out our shippable backlog as
customer demand far exceeds parts availability.”
Mr. Charron continued, “Our teams have been
working closely with our suppliers and customers to address the
challenges of the shortage. As previously stated, the environment
is very dynamic based on COVID-19, logistic issues, and capacity
constraints. Our customer demand for the remainder of our fiscal
year is at record levels, however, the short term and longer term
visibility of electronic components is still very dynamic.”
Forward-Looking Statements
Certain statements contained within this release
are considered forward-looking, including our fiscal year 2022
guidance, under the Private Securities Litigation Reform Act of
1995. The statements may be identified by the use of words such as
“expect,” “should,” “goal,” “predict,” “will,” “future,”
“optimistic,” “confident,” and “believe.” Undue reliance should not
be placed on these forward-looking statements. These statements are
based on current expectations of future events and thus are
inherently subject to uncertainty. If underlying assumptions prove
inaccurate or known or unknown risks or uncertainties materialize,
actual results could vary materially from our expectations and
projections. These forward-looking statements are subject to risks
and uncertainties including, without limitation, global economic
conditions, geopolitical environment, global health emergencies
including the COVID-19 pandemic, availability or cost of raw
materials and components, foreign exchange rate fluctuations, and
our ability to convert new business opportunities into customers
and revenue. Additional cautionary statements regarding other risk
factors that could have an effect on the future performance of the
Company are contained in its Annual Report on Form 10-K for the
year ended June 30, 2021.
About Kimball Electronics,
Inc.
Kimball Electronics is a multifaceted
manufacturing solutions provider of electronics and diversified
contract manufacturing services to customers around the world. From
our operations in the United States, China, India, Japan, Mexico,
Poland, Romania, Thailand, and Vietnam, our teams are proud to
provide manufacturing services for a variety of industries.
Recognized for a reputation of excellence, we are committed to a
high-performance culture that values personal and organizational
commitment to quality, reliability, value, speed, and ethical
behavior. Kimball Electronics, Inc. (Nasdaq: KE) is headquartered
in Jasper, Indiana.
To learn more about Kimball Electronics, visit:
www.kimballelectronics.com.
Lasting relationships. Global
success.
Contact:Andrew D. RegrutHead of Investor
Relations812.827.4151Investor.Relations@kimballelectronics.com
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