Exhibit 99.1
KIMBALL ELECTRONICS, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2017 RESULTS
Quarterly net sales record of $241 million
Fourth quarter net income of $8.1 million and diluted EPS of $0.30
$12.0 million of cash flow provided by operations in the quarter
Returned $5.1 million to Share Owners through stock repurchases during the quarter
JASPER, IN (August 2, 2017) - Kimball Electronics, Inc. (Nasdaq: KE), a leading global electronic manufacturing services provider of high-quality, durable electronic products, today announced financial results for its fourth quarter and fiscal year ended June 30, 2017
 
Three Months Ended
 
June 30,
(Amounts in Thousands, except EPS)
2017
 
2016
Net Sales
$
241,268

 
$
220,402

Operating Income
$
8,455

 
$
8,790

Operating Income %
3.5
%
 
4.0
%
Net Income
$
8,128

 
$
5,771

Diluted EPS
$
0.30

 
$
0.20

 
Fiscal Year Ended
 
June 30,
(Amounts in Thousands, except EPS)
2017
 
2016
Net Sales
$
930,914

 
$
842,060

Operating Income
$
43,057

 
$
29,722

Adjusted Operating Income (non-GAAP)*
$
39,052

 
$
29,859

Operating Income %
4.6
%
 
3.5
%
Adjusted Operating Income (non-GAAP) %
4.2
%
 
3.5
%
Net Income
$
34,179

 
$
22,287

Adjusted Net Income (non-GAAP)*
$
30,755

 
$
22,372

Diluted EPS
$
1.24

 
$
0.76

Adjusted Diluted EPS (non-GAAP)*
$
1.12

 
$
0.77

* A reconciliation of GAAP and non-GAAP financial measures is included below.
Donald D. Charron, Chairman and Chief Executive Officer, stated, “Growth in all four of our end market verticals, including double-digit growth in two of our end market verticals, helped us set a new quarterly sales record for the sixth consecutive quarter and provided a strong finish to a record setting fiscal year 2017. New program launch and ramp-up activity combined with successes of our recent acquisitions have created significant momentum and positioned us well to achieve our goal of $1 billion in annual sales in fiscal year 2018.”
Mr. Charron continued, “We continue to face margin pressure as we absorb the costs associated with the next phase of the ramp-up in our new Romania operation and another large wave of new program launches. In our fiscal fourth quarter, we experienced higher than expected healthcare costs in the U.S. that negatively impacted our margins while favorable foreign exchange tailwinds assisted the bottom line. Although we made good progress in fiscal year 2017, we still have some work to do to achieve our goal of 12.5% ROIC. Margin improvement and capital efficiency will continue to be priorities of focus for us in fiscal year 2018.”




The following information was filed by Kimball Electronics, Inc. (KE) on Wednesday, August 2, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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