Record Q3 revenue $484.7M (+32% YoY), EPS $0.65; FY23 outlook sales high-end, margin mid-to-low

Kimball Electronics, Inc.

2023-Q3 EPS reported $1.46 revenue$1,327,288,000

Net sales record $484.7M, +32% YoY; foreign currency had 2% unfavorable impact.
Operating income $25.2M (5.2% of sales); adjusted operating income $25.6M (5.3% of sales).
Net income $16.4M, diluted EPS $0.65, versus $13.6M and $0.54 in Q3 FY2022.
FY2023 outlook: sales expected at high-end of guidance range; adjusted operating margin at mid-to-low end.

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 0.7

Kimball Electronics, Inc. updated its fiscal year 2023 guidance (reaffirmed).

Period: fiscal year 2023
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

COMPANY UPDATES OUTLOOK FOR FISCAL YEAR 2023 WITH SALES EXPECTED AT THE HIGH-END AND ADJUSTED OPERATING MARGIN IN THE MID-TO-LOW END OF ITS GUIDANCE RANGE

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Earnings Releases SEC 8-K Item 2.02 confidence 0.4

Kimball Electronics, Inc. reported the third quarter ended March 31, 2023 results: revenue $484.7 million, net income $16.4 million, EPS $0.65 per diluted share. Guidance reaffirmed.

Period: the third quarter ended March 31, 2023
Revenue: $484.7 million
Net income: $16.4 million
EPS: $0.65 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

YEAR 2023 WITH SALES EXPECTED AT THE HIGH-END AND ADJUSTED OPERATING MARGIN IN THE MID-TO-LOW END OF ITS GUIDANCE RANGE • Net sales in the third quarter of fiscal 2023 totaled $484.7 million, an all-time quarterly high and up 32% year-over-year; foreign currency had a 2% unfavorable impact on net sales compared to the third quarter of fiscal 2022 • Operating income

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Source: SEC EDGAR

accession 0001606757-23-000019

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