Jasper-based Kimball Electronics filed its proxy statement at the end of September, providing the following highlights from the past fiscal year:
- Net Sales – $1.3 billion, a 4% increase over fiscal year 2021, a new high for net sales.
- Sales by Market Vertical:
- Automotive – $582 million – up 6%.
- Medical – $392 million – up 2%.
- Industrial – $308 million – up 5%.
- Public Safety – $50 million – up 4%.
- Operating Income Margin – 3.9%.
- Net Income – $31.3 million.
- Diluted Earnings Per Share – $1.24.
- Return on Invested Capital – 7.2%.
Other Key Accomplishments
- Expansion – Invested approximately $75 million, including work to complete production facility expansions in Thailand and Mexico and began expansion in Poland.