JASPER, Ind., August 4, 2021 (GLOBE NEWSWIRE) -- Kimball Electronics, Inc. (Nasdaq: KE) today announced financial results for its fourth quarter and fiscal year ended June 30, 2021.

• Fiscal year 2021 set records for net sales, operating income as a percent of net sales, diluted EPS, and cash flow from operating activities
• Net sales in the fourth quarter totaling $329 million, up 15% year-over-year
• Fourth quarter operating income of 5.2% of net sales, adjusted non-GAAP of 5.5%, a 170 bps increase over adjusted nonGAAP Q4 last year
• Net income of $14.4 million in the fourth quarter, or $0.57 per diluted share, compared to net loss of $1.3 million, or ($0.05) per share, in Q4 last year
• Fourth quarter adjusted non-GAAP net income of $14.7 million, or $0.58 per diluted share, compared to adjusted nonGAAP Q4 fiscal year 2020 net income of $8.5 million, or $0.34 per diluted share
• Strong cash flow from operating activities of $26.3 million during the fourth quarter, our fifth consecutive quarter exceeding $20 million

Read more: Kimball Electronics - Q4 and Fiscal Year 2021 Results