Kimball EMS Profits Up on 10% Spike in Sales PDF Print E-mail
Written by Mike Buetow   
Wednesday, 05 February 2014 09:20

JASPER, IN -- Kimball International today reported net sales at its EMS unit rose 10% year-over-year on growth in the industrial and automotive industries. Net income was $5.2 million, up 33%, on revenues of $181.3 million, the company said.

Revenues for the second fiscal quarter ended Dec. 31 were partially offset by lower sales to the public safety and medical industries.

Overall net sales rose 9% year-over-year to $320.3 million, and net income was up 121% to $9.2 million.

Chief executive and president James C. Thyen said, "In our EMS segment, the 10% increase in sales was driven by the success of our business development efforts and continued strength in both the industrial and automotive markets. Overall, we were very pleased with the solid performance in both of our segments this quarter."

Electronic Manufacturing Services Segment

Financial Highlights

(Amounts in Thousands)

Three Months Ended

December 31, December 31, Percent
2013 2012 Change
Net Sales $ 181,264 $ 164,181 10 %
Operating Income $ 5,378 $ 4,996 8 %
Operating Income % 3.0 % 3.0 %
Net Income $ 5,225 $ 3,932 33 %

 

Last month, Kimball announced it would spin off its electronic manufacturing services segment. The separation will result in two independent publicly-traded companies: Kimball International, Inc., an industry leader in the sale and manufacture of quality office and hospitality furniture; and Kimball Electronics, Inc., a leading global provider of electronic manufacturing services to the automotive, medical, industrial, and public safety markets. The company expects the spin-off to be completed in approximately eight to 12 months.

 

 

Columns

Eastern-US: China’s New Competitor?

Parity emerges among EMS Factories from Asia, Mexico and the US.

For the first time in years we see parity in the Eastern US among EMS factories from Asia, Mexico and the US. This EMS market condition will permit American OEMs (the EMS industry refers to OEMs as customers) to have more EMS pathways to choose from. Now more than ever, such EMS assignments will require deeper investigation relating to the OEMs’ evaluation of manufacturing strategies.

Read more...
 
The Human Touch

For those who count on the electronics industry for big feats, it’s been a remarkable couple of years.

Read more...
 

Features

Advances in Concentration Monitoring and Closed-Loop Control

Contaminated bath water skews refractive index results. New technology can accurately measure aqueous cleaning agent concentration.

Read more...
 
Circuits Disassembly: Materials Characterization and Failure Analysis

A systematic approach to nonconventional methods of encapsulant removal.

Read more...
 

Search

Search

Login

CB Login

Language

Language

English French German Italian Portuguese Russian Spanish
 

Products

Techspray Introduces Fine-L-Kote High Viscosity AR Conformal Coating
Fine-L-Kote high viscosity AR acrylic conformal coating reportedly widens the process window and flexibility. Can use as-is for dipping or thin down for spray systems. Is for selective spray systems...