Kimball Electronics Reports Q3 Results With Record Sales and Strong Operating Margin; Company Expects a Strong Pace to Carry Through the Fourth Quarter
May 6, 2022, 09:25
by
Nicole Krempp
JASPER, Ind.--(BUSINESS WIRE)-- Kimball Electronics, Inc. (Nasdaq: KE) today announced financial results for the third quarter ended March 31, 2022.
- Net sales in the third quarter of fiscal 2022 totaled $368.1 million, an all-time quarterly high and up 19% year-over-year.
- Operating income of $20.3 million or 5.5% of net sales, an 80 basis point improvement compared to the third quarter of fiscal 2021.
- Net income of $13.6 million, or $0.54 per diluted share, a 30% improvement compared to $10.5 million, or $0.41 per diluted share in Q3 last year.
Read more: Kimball Electronics Q3 Fiscal Year 2022 Results
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