Kimball Electronics reports second quarter results

From Local Sources

JASPER — Kimball Electronics Inc., a leading global electronics manufacturing services provider of high-quality, durable electronic products, announced Wednesday the financial results for its second quarter that ended Dec. 31.

The company reports second quarter net sales of $284 million, up 10 percent year over year. It had a net income of $7.1 million and diluted earnings per share of $0.27. The company returned $13.3 million to shareowners in stock repurchases during the quarter. It also completed the GES acquisition on Oct. 1.

Chairman and CEO Donald D. Charron said: “We achieved solid year-over-year organic growth in three of our four end market verticals as the ramp-up of new program launches helped to more than offset continued softness in certain other programs primarily caused by global macro-economic conditions, component shortages, and trade uncertainties.”

See the full financial report here.

More on