JASPER, IN -- Kimball Electronics reported fiscal third quarter net sales of $284 million, up 22% from a year ago on higher demand from the automotive and medical end-markets.

Currency fluctuations boosted sales by 7%.

For the period ended Mar. 31, the EMS company said operating income grew 17.5% to $11.2 million, and net income rose 33.5% to a quarterly record of $10.8 million.

“Very strong growth in our automotive and medical end market verticals helped us set a new quarterly sales record for the ninth consecutive quarter," said Don Charron, chairman and chief executive. "We are now on a pace to significantly exceed our long-time stated goal of $1 billion in annual sales in fiscal year 2018.

"The fourth quarter of fiscal year 2018 is a pivotal quarter for our margin expansion efforts as we continue to focus on yield and throughput improvements on recently launched new programs and further progress on the ramp-up in Romania to help us achieve our goal of 4.5% operating income.”

Cash from operations was $9.5 million during the quarter, which compares to cash flow provided by operating activities of $8.7 million in 2017. Cash conversion days were 62 days, up one day.

Automotive sales grew 44% to $136 million, medical was up 30% to $77.8 million, industrial fell 1% to $53.3 million, and public safety was down 31% to $14.3 million.

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