Kimball Electronics Reports Q1 Results With Strong Start to the Fiscal Year; Company Updates Guidance for Fiscal 2024
Richard D. Phillips, Chief Executive Officer, stated, “I am very pleased with our results for the first quarter, particularly in light of the current macro environment.
- Richard D. Phillips, Chief Executive Officer, stated, “I am very pleased with our results for the first quarter, particularly in light of the current macro environment.
- Q1 was a strong start to the fiscal year with record first quarter sales and operating income, year-over-year margin expansion, and 13% growth in net income.
- Cash flow generated from operating activities in the first quarter of fiscal 2024 was $12.8 million, and capital expenditures were $11.3 million.
- Net Sales by Vertical Market for Q1 Fiscal 2024: