SMT Perspectives and Prospects: The AI Era, Part 3: LLMs, SLMs, and Foundation Models
Punching Out: What Buyers Are Buying
‘Deepfake’ ComponentsKimball Electronics Reports 12% Revenue Growth for Q1 FY2018
November 3, 2017 | Kimball ElectronicsEstimated reading time: 1 minute
Kimball Electronics Inc., a global electronic manufacturing services (EMS) provider of high-quality, durable electronic products, has announced financial results for its first quarter ended September 30, 2017. Consolidated net sales increased by 12% to $253 million compared to the first quarter of fiscal year 2017, the seventh consecutive quarterly sales record. Net income, meanwhile, was $8.5 million.
"Double-digit growth in three of our four end market verticals helped us set a new quarterly sales record for the seventh consecutive quarter and kept us on a course to achieve our long-time stated goal of $1 billion in annual sales in fiscal year 2018," says Donald D. Charron, Chairman and Chief Executive Officer. "While our margins improved sequentially from the fourth quarter of the prior fiscal year, we are still below our new operating income goal of 4.5%. We are focused on yield and throughput improvements on recently launched new programs and further progress on the ramp-up in Romania to help us make sequential, incremental improvement and achieve our new goal."
First Quarter Fiscal Year 2018 Overview
- Operating activities used cash flow of $0.2 million during the quarter, which compares to cash flow provided by operating activities of $14.0 million in the first quarter of fiscal year 2017.
- Cash conversion days (CCD) for the quarter ended September 30, 2017 were 59 days, which increased from 58 days in the same quarter last year. CCD is calculated as the sum of days sales outstanding plus production days supply on hand less accounts payable days.
- Investments in capital expenditures were $6.1 million during the quarter.
- $3.3 million was returned to Share Owners during the quarter in the form of common stock repurchases.
- Cash and cash equivalents were $38.3 million and borrowings outstanding on credit facilities were $14.0 million at September 30, 2017.
- Return on invested capital (ROIC) was 9.0% for the first quarter of fiscal year 2018, which compares to 9.6% for the prior year first quarter.
Share on:
Suggested Items
CEE PCB Appoints Johnny Gutierrez Regional Sales Manager
10/14/2024 | CEE PCBTom Yang, CEO of CEE PCB, has announced the appointment of industry veteran Johnny Gutierrez to the position of Regional Sales Manager for North America.
FTG Announces Q3 2024 Financial Results; Revenues Up 18%
10/10/2024 | Firan Technology Group CorporationFTG's sales increased by $6.5M, or 17.7%, from $36.6M in Q3 2023 to $43.1M in Q3 2024. The revenue increase in Q3 2024 was driven by organic growth, including an increase in Simulator products sales of $1.2M, and favourable foreign exchange rates. Year-to-date, sales have increased by $21.6M, or 22.7%, compared to year-to-date 2023.
Sales of Service Robots up 30% Worldwide
10/09/2024 | IFRSales of professional service robots increased by 30% worldwide. More than 205,000 units were registered by IFR's statistics department in 2023. Nearly 80% of the robots came from the Asia-Pacific region with 162,284 units sold. Europe followed with 33,918 units and the Americas with 8,927 units sold.
Inside the New Facility at DIS
10/09/2024 | Marcy LaRont, PCB007 MagazineDIS has long been known as an equipment builder dedicated to PCB and assembly registration. Amidst a backdrop of increasing sales and expanding product lines, DIS has inaugurated a new facility and doubled its previous footprint. This move was aimed at enhancing operational efficiency and addressing space constraints that had plagued them for years, as well as allowing for the opportunity to expand their technology offering for their customers. In this candid conversation, Tony Faraci, owner and president of DIS, and Jesse Ziomek, DIS global sales director, delve into recent strategic advancements propelling the company forward.
VDMA: Machine Vision Industry to Decline by 10%
10/08/2024 | VDMAThe VDMA Machine Vision sector group is forecasting a 10% drop in sales in nominal terms for the machine vision industry in Europe this year.