Kimball Electronics reports record Q1 sales $405.9M (+39% YoY); affirms FY2023 high-end guidance

Kimball Electronics, Inc.

2023-Q1 EPS reported $0.38 revenue$405,889,000

Net sales $405.9M, an all-time quarterly high, up 39% YoY; foreign currency headwind of 5%.
Operating income $13.6M (3.3% margin) vs $4.8M (1.6%) in prior year.
Net income $9.5M ($0.38 diluted EPS) vs $2.6M ($0.10) in Q1 FY2022.
Company affirms fiscal 2023 guidance, expects high-end of range for sales and operating margin.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Kimball Electronics, Inc. reported the first quarter ended September 30, 2022 results: revenue $405.9 million, net income $9.5 million, EPS $0.38 per diluted share. Guidance reaffirmed.

Period: the first quarter ended September 30, 2022
Revenue: $405.9 million
Net income: $9.5 million
EPS: $0.38 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net sales in the first quarter of fiscal 2023 totaled $405.9 million, an all-time quarterly high and up 39% year-over-year; foreign currency had a 5% unfavorable impact on net sales compared to the first quarter of fiscal 2022 • Operating income of $13.6 million, or 3.3% of net sales, compared to operating income of $4.8 million, or 1.6% of net sales in the same period last year • Net income of $9.5 million, or $0.38 per diluted share, compared to net income of $2.6 million, or $0.10 per diluted share, in the first quarter of fiscal 2022

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Source: SEC EDGAR

accession 0001606757-22-000056

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