Kimball Electronics reports 3rd quarter results

By Herald Staff

JASPER — Kimball Electronics Inc. announced financial results for the third quarter that ended March 31, 2021. Highlights include net sales in the third quarter of $310 million, up 6% year-over-year; third quarter operating income of 4.7% of net sales and adjusted operating income (non-GAAP) of 4.6%; net income of $10.5 million (adjusted non-GAAP $9.9 million) and diluted EPS of $0.41 (adjusted non-GAAP $0.39) in the third quarter; strong cash flows provided by operating activities of $31.5 million during the third quarter.

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