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Jun 30, 2022
Kimball Electronics Q4 2022 Earnings Report
Reported record sales and strong operating margin.
Key Takeaways
Kimball Electronics reported record net sales of $373.5 million for Q4 2022, a 13% increase year-over-year, with operating income at 5.5% of net sales. Net income was $9.9 million, or $0.40 per diluted share.
Net sales reached an all-time quarterly high of $373.5 million, up 13% year-over-year.
Operating income was $20.6 million, representing 5.5% of net sales.
Net income totaled $9.9 million, or $0.40 per diluted share.
The company provided fiscal year 2023 guidance, anticipating another record-setting year with double-digit sales increases and improving margin rates.
Kimball Electronics
Kimball Electronics
Kimball Electronics Revenue by Segment
Revenue by Segment
Automotive Revenue
CapyFin.comMedical Revenue
CapyFin.comIndustrial Revenue
CapyFin.com Forward Guidance
The company anticipates net sales in the range of $1.6 - $1.7 billion, a 19% - 26% increase year-over-year, and operating income in the range of 4.6% - 5.2% of net sales for fiscal year 2023.
Positive Outlook
- Double-digit sales increases expected.
- Improving margin rates anticipated.
- New and existing programs ramping up volumes.
- Steadily improving leverage of completed facility expansions.
- Continued easing of global supply chain constraints.
Challenges Ahead
- Global economic conditions.
- Geopolitical environment and conflicts such as the war in Ukraine.
- Global health emergencies including the COVID-19 pandemic.
- Availability or cost of raw materials and components.
- Foreign exchange rate fluctuations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income