Kimball Electronics Reports Q4 and Fiscal Year 2022 Results

Aug 5, 2022, 00:00 by Nicole Krempp

Kimball Electronics Reports Q4 and Fiscal Year 2022 Results with Record Sales and Strong Operating Margin; Company Guides to Another Record-Setting Year in Fiscal 2023

JASPER, Ind.--(BUSINESS WIRE)-- Kimball Electronics, Inc. (Nasdaq: KE) today announced financial results for the fourth quarter and fiscal year ended June 30, 2022.

Net sales in the fourth quarter of fiscal 2022 totaled $373.5 million, an all-time quarterly high and up 13% year-over-year, and was adversely impacted by 3% of net sales from foreign currency
Operating income of $20.6 million, or 5.5% of net sales
Net income of $9.9 million, or $0.40 per diluted share
Foreign exchange unfavorably impacted earnings by $0.12 per diluted share in non-operating expense and provision for income taxes

Q4 and FY22 Results: https://investors.kimballelectronics.com/news/news-details/2022/Kimball-Electronics-Reports-Q4-and-Fiscal-Year-2022-Results-With-Record-Sales-and-Strong-Operating-Margin-Company-Guides-to-Another-Record-Setting-Year-in-Fiscal-2023/default.aspx

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Kimball Electronics Reports Q4 and Fiscal Year 2022 Results

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