© batman2000-dreamstime.com Electronics Production | May 03, 2013
Kimball have everything on the plus side
The third quarter of 2013 ended on a good note for the EMS provider Kimball - net sales increased by 13% compared to the same period last year.
Fiscal year 2013 third quarter net sales in the EMS segment increased 13% compared to the third quarter of the prior year related to sales growth to customers in all four of the vertical markets in which this segment competes, including the automotive, medical, industrial and public safety industries. Gross profit as a percent of net sales in the EMS segment for the third quarter of fiscal year 2013 improved 1.4 percentage points when compared to the third quarter of the prior year primarily due to leverage gained on the higher revenue as well as benefits realized from global purchasing efforts and operating efficiencies related to continuous improvement initiatives. Selling and administrative expenses in this segment increased 16% in the fiscal year 2013 third quarter when compared to the prior year primarily due to increased incentive compensation costs related to the significant improvement in earnings. As a percent of net sales, selling and administrative costs in the EMS segment increased 0.2 of a percentage point. Summary:
- Net sales: USD 182 million in Q3 2013, compared to USD 160.9 million in Q3 of 2012.
- Operating income: USD 8.8 million, compared to 5 million in Q3 of 2012.
- Net income: USD 6.4 million in Q3 of 2013, compared to 3.3 million during Q3 of 2012.