JASPER, IN – Kimball Electronics reported fiscal fourth quarter net sales of $241.3 million, an increase of 9.5% year-over-year.

Net income for the quarter ended June 30 was $8.1 million, up 40.8% compared to the same period in 2016. Operating income was $8.5 million, down 3.8%.

“Growth in all four of our end market verticals, including double-digit growth in two of our end market verticals, helped us set a new quarterly sales record for the sixth consecutive quarter and provided a strong finish to a record-setting fiscal year 2017,” said Donald D. Charron, chairman and CEO. “New program launch and ramp-up activity, combined with successes of our recent acquisitions, have created significant momentum and positioned us well to achieve our goal of $1 billion in annual sales in fiscal year 2018.”

For the fiscal fourth quarter, cash flow provided by operating activities was $12 million, compared to $8.8 million in the prior year fourth quarter. Cash and cash equivalents were $44.6 million.

For the fiscal year 2017, net sales were $930.9 million, up 10.6% year-over-year. Net income was $34.2 million, an increase of 53.4%.
Operating income for the year was $43.1 million, up 45%.

Register now for PCB West the Silicon Valley's largest PCB industry trade show: pcbwest.com!

• Prev
• Next