Kimball Electronics Q3: Medical Growth, Margin Pressure

Kimball Electronics delivers robust Q3 results, with net sales surging 3.4% to $353 million, driven by double-digit growth in the medical segment. The company beats expectations on margins and cash flow, marking nine consecutive quarters of positive operations cash. Medical sales soar to $106 million, accounting for 30% of total revenue, marking a significant milestone. Despite headwinds like higher gas prices and Middle East tensions, investors remain optimistic, with shares holding firm post-call. The company plans to add five new medical customers this year and is exploring M&A opportunities to boost U.S. production. Q4 sales are projected at $370-380 million, with medical leading the charge. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b90e932dd3b8b82a