Kimball Electronics reports first quarter results

From Local Sources

JASPER — Kimball Electronics Inc. announced financial results Tuesday for its first quarter that ended Sept. 30.

The company reports that first quarter net sales were $313 million, up 18% from last year. Operating income, as a percent of net sales, increased 90 basis points from the prior year’s first quarter.

Also, strong cash flow provided by operations of $39.6 million during the quarter and the company returned $3.5 million to share owners in stock repurchases during the quarter.

See the full financial report here.

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