JASPER, IN – Kimball International today reported net sales of $318.3 million for the fiscal fourth quarter ended June 30, up 9.7% year-over-year. 

The net sales growth reflects an increase in net sales in the electronic manufacturing services segment.

Net income for the period was $7.1 million, an increase of 16.2% compared to the same quarter in 2012.

The company's cash and cash equivalents increased to $103.6 million at June 30, compared to $75.2 million the same day last year. Long-term debt remained at $300,000.

Fiscal year 2013 annual consolidated net sales of $1.2 billion increased 5% from fiscal year 2012.

Net income for fiscal year 2013 was $19.9 million, up 71.5% year-over-year.

"One of the top priorities for our EMS segment coming into fiscal year 2013 was growth and diversification of our customer base. The team's intense focus throughout the year resulted in extraordinary execution around this strategy, as evidenced by a 17% sales increase in the EMS segment for the fourth quarter when compared to last year. The growth came from both existing customers and new customers and within all four of the vertical markets in which we compete," said James C. Thyen, president and CEO.