Jasper based Kimball Electronics Inc. recently announced financial results for its first quarter of fiscal year 2018 that ended Sept. 30.
The company recorded a new quarterly net sales record of $253 million, a 12 percent increase year-over-year. It also recorded a net income of $8.5 million and returned $3.3 million to share owners through stock repurchases during the quarter.
In a release Kimbal Electronics Chairman and CEO Don Charron says double-digit growth in three of the company’s four end market verticals helped them set a new quarterly sales record for the seventh consecutive quarter and kept them on a course to achieve a long-time stated goal of $1 billion in annual sales in fiscal year 2018.
