Kimball Electronics Inc

kimballelectronics.com

What Do They Do?

Manufactures electronic assemblies, medical devices and drug-delivery products to customer specifications for automotive, medical and industrial companies.

How Do They Make Money?

Customers pay agreed prices for products made to their specifications, typically ordered through short-term purchase orders or binding forecasts. Most sales come from work as it is performed; the rest comes when products ship or are delivered, depending on contract terms.

revenue

Segment	Share	Revenue
Automotive	46% FY2023: 46%
Medical	29% FY2023: 27%
Industrial	25% FY2023: 26%

Who Are Their Customers?

Multinational customers in automotive, medical and industrial markets partner with Kimball for manufacturing, engineering and supply-chain support across multiple facilities. Its business development team markets these services, and its customer relationship model connects customers with its global operations.

Customers above 10% of revenue, FY2026

of revenue from three customers (18%, 11%, 11%)

FY2024: 29% from two customers

Do Revenues Turn Into Profits?

Yes. It kept 2 cents of every revenue dollar as net income in FY2026 and turned 1 cent into free cash flow.

Operating income, FY2026

5% of revenue

▲ +45% vs FY2025 ($45.5M, 3%)

Net income, FY2026

2% of revenue

▲ +65% vs FY2025 ($17M, 1%)

Free cash flow, FY2026

1% of revenue

▼ −86% vs FY2025 ($150.7M, 10%)

How Are They Changing?

Flat. Revenue was $1.4B in FY2026, about the same as the $1.3B of FY2022.

Expanded medical capabilities The Helvoet acquisition expands existing precision-molded-plastics work with complex tooling and medical-device component manufacturing capabilities; the older report already listed precision molded plastics and medical devices among its services.

Revenue over time

Automotive Medical Industrial

$2B$1B$0

FY2022 FY2023 FY2024 FY2025 FY2026

Who Do They Compete With?

Competes with Benchmark Electronics, Flex, Jabil, Plexus, and Sanmina

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