Kimball Electronics, Inc. Reports Third Quarter Fiscal Year 2021 Results
May 5, 2021, 16:47
by
Nicole Krempp
JASPER, Ind., May 05, 2021 (GLOBE NEWSWIRE) -- Kimball Electronics, Inc. (Nasdaq: KE) today announced financial results for the third quarter ended March 31, 2021.
- Net sales in the third quarter were $310 million, up 6% year-over-year
- Third quarter operating income was 4.7% of net sales and adjusted operating income (non-GAAP) was 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
Link to press release here: Q3FY21Results - Press Release
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