Kimball Electronics Q4 record sales $373.5M, net income $9.9M ($0.40 EPS); guides to record FY2023

Kimball Electronics, Inc.

2022-FY EPS reported $1.24 revenue$1,349,535,000

Q4 net sales $373.5M (record, +13% YoY); operating income $20.6M (5.5% of sales).
Diluted EPS $0.40 vs $0.57 prior year; adjusted EPS $0.40 vs $0.58.
FY2022 net sales $1.35B (record), net income $31.3M ($1.24 diluted EPS).
Foreign exchange unfavorably impacted earnings by $0.12 per diluted share.
Company expects another record-setting year in fiscal 2023.

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