Kimball Electronics reports 2nd quarter financial results

By Herald Staff

JASPER — Kimball Electronics Inc. has announced financial results for the second quarter that ended Dec. 31, 2020.

The company's net sales in the second quarter were $321 million, up 4% year-over-year. Its second quarter operating income was 5.0% of net sales and its adjusted operating income (non-GAAP) was 5.3%. The company had a net income of $15.1 million and diluted EPS of $0.60 in the second quarter. It had record quarterly cash flows provided by operating activities of $51.6 million.

For the full financial report, click here.

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