Kimball Electronics Business Summary

Kimball Electronics, Inc. (KE) is a global multifaceted manufacturer providing Electronics Manufacturing Services (EMS) and Contract Manufacturing Organization (CMO) solutions. The company generates revenue through the production of high-reliability printed circuit board assemblies (PCBAs), complex sub-assemblies, and full-product "box build" integration, alongside value-added design engineering and supply chain management services. Its operations are segmented into the Automotive, Medical, and Industrial verticals, with a recent strategic intensification in the Medical sector, which now accounts for approximately 28% of total sales and achieved 15% year-over-year growth in early 2026. Direct competitors include Jabil Inc., Sanmina Corporation, Flex Ltd., and Plexus Corp. Kimball Electronics occupies a specialized niche as a mid-cap provider of durable, high-quality electronics for regulated industries, currently transitioning its market identity through a 2026 rebranding to "Kimball Solutions." Founded in 1961 as a division of Kimball International and spun off as an independent public company in 2014, Kimball Electronics is led by CEO Richard D. "Ric" Phillips, whose pedigree includes leadership roles at Elkay Manufacturing, Essendant, and McKinsey & Company. The executive team includes CFO Jana T. Croom (formerly of NiSource), COO Steven T. Korn, and Chief Commercial Officer Kathy R. Thomson, who brings over 20 years of EMS experience from Plexus and Creation Technologies. The company’s governance is overseen by a board chaired by Robert J. Phillippy, featuring directors with deep industrial and healthcare expertise such as Michele A. M. Holcomb (formerly of Cardinal Health) and Tom G. Vadaketh (CFO of Enviri). As a NASDAQ-listed entity, the company maintains a strong institutional investor base and recently expanded its leadership to include Andrew D. Regrut as VP of Investor Relations and Strategic Development to drive inorganic growth.