Poised for Growth

Clear to Build

Embracing the ever-changing landscape with commitment and resolve.

Global Pandemic
While many may feel fatigue from pandemic-related constraints, this crisis does not appear to be behind us. The lockdowns associated with China’s zero-tolerance policy on COVID-19 are a reminder of the unpredictability of the current environment. Throughout this uncertainty, however, we have never lost sight of the fact that our number one priority is the health and safety of our people while maintaining excellent customer support. The protocols we have implemented continue to help us effectively meet the challenges and minimize disruptions stemming from this difficult operating environment.

Ukraine Conflict
The devastation resulting from the conflict in Ukraine is unimaginable for all of us. For our Ukrainian associates, particularly those operating in facilities located in nearby Poland and Romania, it hits even closer to home. Kimball Electronics and many of its employees have helped make a difference by actively engaging—financially and through volunteerism—in refugee support and medical assistance efforts to benefit those directly affected by the conflict. Selected beneficiary organizations include Red Cross, The Pink Box Foundation, Siepomaga, and Mercy Corps. While we do not directly procure any materials from Russia or Ukraine, we have taken the appropriate measures to safeguard our business and continue to fulfill customer commitments.

Supply Chain Disruption
Component parts shortages, which have impacted companies worldwide, continued to make it challenging to keep pace with strong market demand throughout the fiscal year. We were particularly disappointed by the lack of improvement early in the fiscal year due to increasing COVID-19 infections in Malaysia and the resulting restrictions, as well as the backlog for shipping containers entering U.S. west coast ports. In the face of this challenging period of disruption, we remained committed to retaining our highly skilled workforce, resulting in significant lost absorption in the first and second quarters. Yet, as conditions improved in the second half of the fiscal year, our perseverance began to pay dividends as business responded with record top-line results.