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Kimball Electronics reported a decrease in net sales by 6% year-over-year, with net sales of $294 million. Net income was $6.3 million, resulting in diluted earnings per share of $0.25. The company's cash flows from operating activities were strong at $12.0 million.
Net sales decreased by 6% year-over-year to $294 million.
Net income was reported at $6.3 million, with a diluted EPS of $0.25.
Operating activities provided $12.0 million in cash.
COVID-19 pandemic impacted operations, with increased demand for medical assemblies related to respiratory care and patient monitoring.
Company expects to weather the impact of COVID-19.
Visualization of income flow from segment revenue to net income