Kimball Electronics, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 04, 2023 at 04:05 pm EDT
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Kimball Electronics, Inc. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was USD 484.7 million compared to USD 368.06 million a year ago. Net income was USD 16.4 million compared to USD 13.64 million a year ago. Basic earnings per share from continuing operations was USD 0.66 compared to USD 0.54 a year ago. Diluted earnings per share from continuing operations was USD 0.65 compared to USD 0.54 a year ago.
For the nine months, sales was USD 1,327.29 million compared to USD 976.04 million a year ago. Net income was USD 36.63 million compared to USD 21.32 million a year ago. Basic earnings per share from continuing operations was USD 1.47 compared to USD 0.84 a year ago. Diluted earnings per share from continuing operations was USD 1.46 compared to USD 0.84 a year ago.
Kimball Electronics, Inc. is a multifaceted manufacturing solutions provider. The Company provides electronics manufacturing services (EMS), including engineering and supply chain support, to customers in the automotive, medical, and industrial end markets. It produces durable electronics and extends to contract manufacturing services for non-electronic components, medical disposables, drug delivery solutions, precision molded plastics, and production automation, test, and inspection equipment. Its services support the complete product life cycle of its customersâ products, and its processes and capabilities cover a range of products from high volume-low mix to high mix-low volume. It offers its services globally on a contract basis and it manufactures products to its customers' specifications. The Company manufactures products for its customers at facilities located in the United States, China, Mexico, Poland, Romania, Thailand, and Vietnam. It also has operations in India and Japan.
KIMBALL ELECTRONICS, INC. 
