Kimball Electronics (NYSE: KE) is a global electronics manufacturing services company that provides contract manufacturing, engineering, and supply chain support to customers in the automotive, medical, and industrial end markets. It makes money by producing printed circuit board assemblies, higher-level assemblies, and final assemblies on a transactional contract basis for original equipment manufacturers. The company also offers contract manufacturing organization services beyond standard EMS. As of the 10-K filed August 22, 2025 for the fiscal year ended June 30, 2025, Kimball Electronics carried $147.5 million in borrowings under its credit facilities and held $88.8 million in cash and cash equivalents, indicating a modestly leveraged capital structure. CEO Richard D. Phillips and CFO Jana T. Croom signed the filing. The company operates manufacturing facilities across multiple countries, with supply chain inputs sourced from various regions including China, exposing it to tariff and trade-policy risk.

Revenue model

Transactional contract manufacturing revenue earned by producing electronics assemblies and providing engineering and supply chain services to OEM customers in automotive, medical, and industrial markets.

Products and services

Electronics manufacturing services (EMS), printed circuit board assemblies, higher-level assemblies, final assemblies, engineering support, supply chain management, and contract manufacturing organization (CMO) services.

Customers and end markets

OEM customers in the automotive, medical, and industrial end markets. The filing does not disclose individual customer names or customer concentration percentages.

Value-chain role

Tier-one contract manufacturer and manufacturing solutions provider sitting between component suppliers and OEM brand owners. Handles procurement, engineering, assembly, and supply chain coordination on behalf of customers.

Geographic exposure

Global operations with manufacturing facilities in multiple countries. Supply chain heavily reliant on raw materials and components from various countries including China. U.S. tariff and trade policy identified as a material risk factor in the FY2025 10-K.

Source: SEC 10-K, filed 2025-08-22

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