Kimball Electronics, Inc. (NASDAQ:KE) Q2 2023 Earnings Conference Call February 9, 2023 10:00 AM ET

Company Representatives

Don Charron - Chairman, Chief Executive Officer

Jana Croom - Chief Financial Officer

Ric Phillips - Incoming Chief Executive Officer

Andrew Regrut - Vice President of Investor Relations

Conference Call Participants

Anja Soderstrom - Sidoti

Jaeson Schmidt - Lake Street Capital

Mac Furst - Singular Research

Operator

Good morning, ladies and gentlemen. Welcome to Kimball Electronics, Second Quarter Fiscal 2023 Earnings Conference Call. My name is Daily and I'll be the facilitator for today’s call. All lines have been placed in a listen-only mode to prevent any background noise.

After the completion of the prepared remarks from the Kimball Electronics leadership team there will be question-and-answer period. [Operator Instructions]. Today's call, February 7, 2023 is being recorded. A replay of the call will be available on the Investor Relations page of the Kimball Electronics website.

At this time, I would like to pass the conference over to Andrew Regrut, Vice President of Investor Relations. Mr. Regrut, you may begin.

Andrew Regrut

Thank you, and good morning, everyone. Welcome to our second quarter conference call. With me here today is Don Charron our Chairman and CEO; Jana Croom, Chief Financial Officer; and incoming Chief Executive Officer, Ric Phillips.

We issued a press release yesterday afternoon with our results for the second quarter of fiscal 2023. To accompany today's call, a presentation has been posted to the Investor Relations page of our company website.

Before we get started, I'd like to remind you that we will be making forward-looking statements that involve risk and uncertainty and are subject to our Safe Harbor provisions as stated in our press release and SEC filings, and that actual results can differ materially from the forward-looking statements. All commentary today is focused on adjusted non-GAAP results. Reconciliations of GAAP to non-GAAP amounts are available in our press release.

This morning Don will start the call with a few opening comments, Jana will review the financial results for the quarter and guidance for fiscal 2023, and Don and Ric will complete our prepared remarks before taking your questions.

I’ll now turn the call over to Don.

Don Charron

Thanks, Andy, and good morning everyone. Let me begin by welcoming Ric to the Kimball Electronics family and congratulating him on his new role. Ric, we are thrilled to have you as a member of the team and feel very fortunate that an executive with your pedigree, depth of experience and track record of success will be leading our company. Recognizing that you don't officially start until March first, we also appreciate you taking time out of your schedule to join us today. I know you're excited to say a few words, and I'll turn the call over in a moment after we review Q2 results, which were very good.