Add as a preferred source on GoogleKimball Electronics Expects Fiscal 2027 Sales at High End of Range
Helvoet contributed $12.4 million in first-quarter revenue as higher component costs and an Indianapolis facility ramp weighed on margins.
Kimball Electronics expects fiscal 2027 sales at the high end of its $1.535 billion to $1.560 billion range, with medical-market strength supporting the outlook after first-quarter sales rose sequentially and year over year.
CEO Richard Phillips described first-quarter margins as healthy. Management identified higher component costs and the ramp-up of the Indianapolis medical facility as pressures on margins.
Helvoet contributed $12.4 million in first-quarter revenue. Its integration is on plan and on budget, and the company is pursuing commercial synergies.
The first-quarter results had been scheduled for Wednesday, Nov. 4, as noted in an earlier earnings preview.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.