KIMBALL INTERNATIONAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Kimball International, Inc. - KBAL
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Kimball International, Inc. (NasdaqGS: KBAL) to HNI Corporation (NYSE: HNI). Under the terms of the proposed transaction, shareholders of Kimball will receive $9.00 in cash and 0.1301 shares of HNI for each share of Kimball that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-kbal/ to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
- 05/03/2023
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Kimball International, Inc. to Announce Third Quarter Fiscal Year 2023 Financial Results
- JASPER, Ind., April 20, 2023 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) will announce its third quarter fiscal year 2023 financial results on Thursday, May 4, 2023, after the close of the market. In light of the pending acquisition by HNI Corporation, and as is customary during such transactions, Kimball International, Inc. will not host an earnings conference call for its third quarter 2023 results.
- 04/20/2023
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SHAREHOLDER ALERT: Weiss Law Investigates Kimball International, Inc.
- NEW YORK , March 8, 2023 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Kimball International, Inc. ("Kimball" or the "Company") (NASDAQ: KBAL), in connection with the proposed acquisition of the Company by HNI Corporation (NYSE: HNI) ("HNI"). Under the terms of the merger agreement, the Company's shareholders will receive $9.00 in cash and 0.1301 shares of HNI common stock for each share of Kimball common stock owned, representing implied per-share consideration of $12.90 based upon HNI's March 7, 2023 closing price of $29.94.
- 03/08/2023
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SHAREHOLDER ALERT: The M&A Class Action Firm Announces the Investigation of Kimball International, Inc. - KBAL
- NEW YORK , March 8, 2023 /PRNewswire/ -- Juan Monteverde , founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Kimball International, Inc. (NASDAQ: KBAL), relating to its proposed sale to HNI Corp. Under the terms of the agreement KBAL shareholders are expected to receive $9.00 in cash per share they own. Click here for more information: https://www.monteverdelaw.com/case/kimball-international-inc.
- 03/08/2023
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KIMBALL INTERNATIONAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Kimball International, Inc. - KBAL
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Kimball International, Inc. (NasdaqGS: KBAL) to HNI Corporation (NYSE: HNI). Under the terms of the proposed transaction, shareholders of Kimball will receive $9.00 in cash and 0.1301 shares of HNI for each share of Kimball that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-kbal/ to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
- 03/08/2023
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Shareholder Alert: Ademi LLP investigates whether Kimball International, Inc. has obtained a Fair Price in its transaction with HNI
- MILWAUKEE , March 8, 2023 /PRNewswire/ -- Ademi LLP is investigating Kimball (NASDAQ: KBAL) for possible breaches of fiduciary duty and other violations of law in its transaction with HNI. Click here to learn how to join the action https://www.ademilaw.com/case/kimball-international-inc or call Guri Ademi toll-free at 866-264-3995.
- 03/08/2023
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Why Kimball Stock Is Up Big and HNI Is Headed in the Other Direction
- HNI has agreed to acquire Kimball for $485 million, offering a premium of more than 80% to the target's Monday close. The deal would add to HNI's product portfolio and makes sense on paper, but only if the buyer can integrate it successfully.
- 03/08/2023
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KBAL Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Kimball International, Inc. Is Fair to Shareholders
- NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Kimball International, Inc. (NASDAQ: KBAL) to HNI Corporation for $9.00 in cash and 0.1301 shares of HNI common stock for each share of Kimball common stock is fair to Kimball shareholders. Halper Sadeh encourages Kimball shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Kimball and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Kimball shareholders; (2) determine whether HNI is underpaying for Kimball; and (3) disclose all material information necessary for Kimball shareholders to adequately assess and value the merger consideration. On behalf of Kimball shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. Halper Sadeh encourages Kimball shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
- 03/08/2023
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HNI Corporation to Acquire Kimball International
- MUSCATINE, Iowa & JASPER, Ind.--(BUSINESS WIRE)--HNI Corporation (NYSE: HNI) and Kimball International, Inc. (NASDAQ: KBAL) today announced that they have entered into a definitive agreement under which HNI will acquire all the outstanding shares of Kimball International in a cash and stock transaction valued at approximately $485 million. Under the terms of the agreement, Kimball International shareholders will receive $9.00 in cash and 0.1301 shares of HNI common stock for each share of Kimball International common stock they own. As a result of the transaction, Kimball International shareholders will own approximately 10% of the combined company. “We are excited about joining with Kimball International, a high-quality company we have long admired for its recognized brands, furnishings expertise built over 70 years, and established relationships across multiple sectors. The combined company will have a stronger platform for growth, delivering significant benefits for our shareholders, members, dealers, and customers. We look forward to welcoming the talented Kimball International employees to HNI,” said Jeff Lorenger, HNI’s Chairman, President, and Chief Executive Officer. Kimball International is a commercial furnishings company with a well-established family of brands and extensive expertise in the workplace, health, and hospitality segments. HNI and Kimball International share similar cultures and values with a commitment to customer service and operational excellence. In addition, both companies have strong brand positions and complementary product portfolios. A combined HNI and Kimball International will have a broader, more comprehensive product offering, tailored go-to-market strategies, and enhanced manufacturing capabilities. Kimball International’s strong presence in secondary geographic areas and expertise in ancillary products will enable the combined company to better benefit from post-pandemic trends in the fastest growing markets. Kristie Juster, Kimball International’s Chief Executive Officer said, “I’m incredibly proud of what we have built at Kimball International, and this agreement is a testament to our team’s commitment and dedication. Joining HNI is an important next step in our company’s history and will provide our employees with more opportunities for career growth and development as part of a larger, more diversified industry leader that also shares our deeply rooted values. We are confident that combining with HNI represents the ideal fit for our family of brands and will deliver enhanced value to all stakeholders.” Following the close of the transaction, the combined company will continue to be led by Jeff Lorenger, HNI’s Chairman, President, and Chief Executive Officer. Juster will remain in her current role with Kimball International until the closing to ensure a seamless transition. Attractive Financial Profile The combined company will have pro forma annual revenue of approximately $3.1 billion and pro forma adjusted EBITDA of approximately $290 million, inclusive of annual run-rate synergies, based on each company’s respective last reported 12 months. The combination is expected to generate $25 million of annual run-rate cost synergies within three years of closing. Based on HNI’s closing share price as of March 7, 2023, the last day prior to today’s announcement, the total implied per share consideration equals $12.90, representing a premium on Kimball International’s 30-day VWAP of 81%. The consideration implies a valuation multiple of approximately 6.8x calendar year 2022 adjusted EBITDA, inclusive of synergies. Approvals and Closing The transaction has been unanimously approved by the Boards of Directors of both companies and is expected to close by mid-2023, subject to the approval of Kimball International shareholders, the receipt of required regulatory approval, and the satisfaction of other customary closing conditions. Advisors Rothschild & Co is serving as financial advisor to HNI, and Davis Polk & Wardwell LLP is serving as legal counsel. J.P. Morgan Securities LLC is serving as financial advisor to Kimball International, and ArentFox Schiff LLP is serving as legal counsel. Conference Call and Webcast HNI will hold a conference call to discuss the transaction today, March 8, 2023, at 8:30 a.m. Eastern Time. To listen, call 1-855-761-5600 and use conference ID number 7175411. Access to a live audio webcast and slide presentation will be available on the investor relations section of HNI Corporation’s website or at the following link: https://events.q4inc.com/attendee/101341537. A replay of the webcast can be accessed at the company’s investor relations website, beginning at approximately 11:30 a.m. Eastern Time through March 15, 2023. About HNI Corporation HNI Corporation (NYSE: HNI) has been improving where people live, work, and gather for more than 75 years. HNI is a manufacturer of workplace furnishings and residential building products, operating under two segments. The Workplace Furnishings segment is a leading global designer and provider of commercial furnishings, going to market under multiple unique brands. The Residential Building Products segment is the nation's leading manufacturer and marketer of hearth products, which include a full array of gas, electric, wood, and pellet-burning fireplaces, inserts, stoves, facings, and accessories. More information can be found on the Corporation's website at www.hnicorp.com. About Kimball International, Inc. Kimball International is a leading omnichannel commercial furnishings company with deep expertise in the Workplace, Health, and Hospitality segments. We combine our bold entrepreneurial spirit, a history of craftsmanship and today’s design-driven thinking alongside a commitment to our culture of caring and lasting connections with our customers, shareholders, employees and communities. For over 70 years, our brands have seized opportunities to customize solutions into personalized experiences, turning ordinary spaces into meaningful places. Our family of brands includes Kimball, National, Etc., Interwoven, Kimball Hospitality, D’style and Poppin. Kimball International is based in Jasper, Indiana. www.kimballinternational.com Forward-Looking Statements This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, which involve inherent risks and uncertainties. Any statements about HNI’s, Kimball International’s or the combined company’s plans, objectives, expectations, strategies, beliefs, or future performance or events constitute forward-looking statements. Such statements are identified as those that include words or phrases such as “believes,” “expects,” “anticipates,” “plans,” “trend,” “objective,” “continue,” or similar expressions or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “may,” or similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, assumptions, estimates, and other important factors that change over time and could cause actual results to differ materially from any results, performance, or events expressed or implied by such forward-looking statements. Such forward-looking statements include but are not limited to statements about the benefits of the business combination transaction between HNI and Kimball International (the “Transaction”), including future financial and operating results, the combined company’s plans, objectives, expectations and intentions, and other statements that are not historical facts. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected. In addition to factors previously disclosed in HNI’s and Kimball International’s reports filed with the U.S. Securities and Exchange Commission (the “SEC”) and those identified elsewhere in this document, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: the occurrence of any event, change, or other circumstance that could give rise to the right of one or both of the parties to terminate the definitive merger agreement between HNI and Kimball International; the outcome of any legal proceedings that may be instituted against HNI or Kimball International; the possibility that the Transaction does not close when expected or at all because required regulatory, shareholder, or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the Transaction); the risk that the benefits from the Transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in, or problems arising from, general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which HNI and Kimball International operate; the ability to promptly and effectively integrate the businesses of HNI and Kimball International; the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; reputational risk and potential adverse reactions of HNI’s or Kimball International’s customers, employees or other business partners, including those resulting from the announcement or completion of the Transaction; the dilution caused by HNI’s issuance of additional shares of its capital stock in connection with the Transaction; the diversion of management’s attention and time from ongoing business operations and opportunities on merger-related matters; and the impact of the global COVID-19 pandemic on HNI’s or Kimball International’s businesses, the ability to complete the Transaction or any of the other foregoing risks. These factors are not necessarily all of the factors that could cause HNI’s, Kimball International’s or the combined company’s actual results, performance, or achievements to differ materially from those expressed in or implied by any of the forward-looking statements. Other unknown or unpredictable factors also could harm HNI’s, Kimball International’s or the combined company’s results. All forward-looking statements attributable to HNI, Kimball International, or the combined company, or persons acting on HNI’s or Kimball International’s behalf, are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date they are made and HNI and Kimball International do not undertake or assume any obligation to update publicly any of these statements to reflect actual results, new information or future events, changes in assumptions, or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If HNI or Kimball International update one or more forward-looking statements, no inference should be drawn that HNI or Kimball International will make additional updates with respect to those or other forward-looking statements. Further information regarding HNI, Kimball International and factors which could affect the forward-looking statements contained herein can be found in HNI’s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and its other filings with the SEC, and in Kimball International’s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and its other filings with the SEC. NO OFFER OR SOLICITATION This communication is for informational purposes only and is not an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities, nor the solicitation of any vote or approval in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. ADDITIONAL INFORMATION ABOUT THE TRANSACTION AND WHERE TO FIND IT In connection with the Transaction, HNI will file with the SEC a Registration Statement on Form S-4 to register the shares of HNI capital stock to be issued in connection with the Transaction. The Registration Statement will include a proxy statement of Kimball International that also constitutes a prospectus of HNI. The definitive joint proxy statement/prospectus will be sent to the shareholders of Kimball International seeking their approval of the Transaction and other related matters. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM S-4 AND THE JOINT PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT ON FORM S-4 WHEN THEY BECOME AVAILABLE, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION OR INCORPORATED BY REFERENCE INTO THE JOINT PROXY STATEMENT/PROSPECTUS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING HNI, KIMBALL INTERNATIONAL, THE TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by HNI or Kimball International through the website maintained by the SEC at http://www.sec.gov or from HNI at its website, www.hnicorp.com, or from Kimball International at its website, www.kimballinternational.com. PARTICIPANTS IN THE SOLICITATION HNI, Kimball International, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Kimball International in connection with the Transaction under the rules of the SEC. Information about the interests of the directors and executive officers of HNI and Kimball International and other persons who may be deemed to be participants in the solicitation of shareholders of Kimball International in connection with the Transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the joint proxy statement/prospectus related to the Transaction, which will be filed with the SEC. Additional information about HNI, the directors and executive officers of HNI and their ownership of HNI common stock is also set forth in the definitive proxy statement for HNI’s 2022 Annual Meeting of Shareholders, as filed with the SEC on Schedule 14A on April 1, 2022, and other documents subsequently filed by HNI with the SEC. Additional information about Kimball International, the directors and executive officers of Kimball International and their ownership of Kimball International common stock can also be found in Kimball International’s definitive proxy statement in connection with its 2022 Annual Meeting of Shareholders, as filed with the SEC on September 7, 2022, and other documents subsequently filed by Kimball International with the SEC. Free copies of these documents may be obtained as described above.
- 03/08/2023
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Kimball International Is Still A Decent Prospect At This Time
- Kimball International recently posted strong sales and cash flow figures, with strong demand helping the company across the board. Cash flows are rising nicely because of the higher sales and due to growing profit margins.
- 02/11/2023
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Kimball International, Inc. (KBAL) Q2 2023 Earnings Call Transcript
- Kimball International, Inc. (NASDAQ:KBAL ) Q2 2023 Earnings Conference Call February 2, 2023 5:00 PM ET Company Participants Kristine Juster - CEO Timothy Wolfe - EVP & CFO Conference Call Participants Reuben Garner - The Benchmark Company Gregory Burns - Sidoti & Company Rexford Henderson - Water Tower Research Operator Good afternoon, ladies and gentlemen. My name is Sarah, and I will be your conference call facilitator today.
- 02/02/2023
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Kimball International, Inc. to Announce Second Quarter Fiscal Year 2023 Financial Results
- JASPER, Ind., Jan. 13, 2023 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) will announce its second quarter fiscal year 2023 financial results on Thursday, February 2, 2023, after the close of the market. The Company will host a conference call on Thursday, February 2, 2023, at 5:00 p.m. ET to review its financial performance.
- 01/13/2023
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Kimball International: Worth Reconsideration
- Kimball International has had a rocky operating history, but the picture for the business is now improving nicely. Though the firm will likely face some issues in the future due to economic issues, its future is looking brighter.
- 11/16/2022
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Kimball International, Inc. (KBAL) Q1 2023 Earnings Call Transcript
- Kimball International, Inc. (NASDAQ:KBAL ) Q1 2023 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Kristie Juster - Chief Executive Officer T.J. Wolfe - Executive Vice President and Chief Financial Officer Conference Call Participants Greg Burns - Sidoti & Company Reuben Garner - The Benchmark Company Budd Bugatch - Water Tower Research Operator Good afternoon, ladies and gentlemen.
- 11/05/2022
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Kimball International, Inc. to Announce First Quarter Fiscal Year 2023 Financial Results
- JASPER, Ind., Oct. 18, 2022 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) will announce its first quarter fiscal year 2023 financial results on Thursday, November 3, 2022, after the close of the market.
- 10/18/2022
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Kimball International, Inc. to Present at the Sidoti September Small-Cap Virtual Conference
- JASPER, Ind., Sept. 14, 2022 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) announced its participation in the Sidoti September Small-Cap Virtual Conference. Kristie Juster, Chief Executive Officer, and T.J. Wolfe, Chief Financial Officer, will present at 11.30 a.m. Eastern Time on Wednesday, September 21.
- 09/14/2022
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Kimball International, Inc.'s (KBAL) CEO Kristie Juster on Q4 2022 Results - Earnings Call Transcript
- Kimball International, Inc. (NASDAQ:KBAL ) Q4 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Kristie Juster – Chief Executive Officer T.J. Wolfe – Executive Vice President and Chief Financial Officer Conference Call Participants Greg Burns – Sidoti Reuben Gardner – The Benchmark Company Budd Bugatch – Water Tower Research Operator Good afternoon, ladies and gentlemen.
- 08/07/2022
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Kimball International, Inc. to Announce Fourth Quarter and Fiscal Year 2022 Financial Results
- JASPER, Ind., July 14, 2022 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) will announce its fourth quarter and fiscal year 2022 financial results on Thursday, August 4, 2022, after the close of the market.
- 07/14/2022
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Kimball International Inc (KBAL) CEO Kristine Juster on Q3 2022 Results - Earnings Call Transcript
- Kimball International Inc (NASDAQ:KBAL ) Q3 2022 Earnings Conference Call May 3, 2022 5:00 PM ET Company Participants Kristine Juster - CEO Timothy Wolfe - CFO Conference Call Participants Greg Burns - Sidoti & Company Rudy Yang - Berenberg Operator Good afternoon, ladies and gentlemen. My name is Didi, and I will be your conference call facilitator today.
- 05/07/2022
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Kimball: Inflection Point +30% Sales Quarter, Above Estimates, 3.8% Dividend, 8.5x P/E
- + 31% sales growth, led by +52% in Workplace, +94% in recently acquired Poppin. Stock rebounds +23% on result, we still see further 90% upside.
- 05/05/2022
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Kimball International, Inc. to Announce Third Quarter Fiscal Year 2022 Financial Results
- JASPER, Ind., April 18, 2022 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) will announce its third quarter fiscal year 2022 financial results on Tuesday, May 3, 2022, after the close of the market.
- 04/18/2022
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Kimball International, Inc. to Present at the Sidoti Spring 2022 Virtual Small Cap Conference
- JASPER, Ind., March 17, 2022 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) announced its participation in the Sidoti Spring 2022 Virtual Small Cap Conference. Chief Executive Officer Kristine Juster and Chief Financial Officer T.J. Wolfe will present at 10:45 a.m. Eastern Time on Wednesday, March 23.
- 03/17/2022
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Looking At Kimball International After The Earnings Report
- After missing revenue and earnings estimates, Kimball is down 4% on atypical volume. Inflationary pressures and continued COVID issues were a huge headwind, and management took a goodwill write-down on a recent acquisition.
- 02/07/2022
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Kimball International Inc. (KBAL) CEO Kristie Juster on Q2 2022 Results - Earnings Call Transcript
- Kimball International Inc. (KBAL) CEO Kristie Juster on Q2 2022 Results - Earnings Call Transcript
- 02/03/2022
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My Top Picks For 2022 And Beyond
- My Top Picks For 2022 And Beyond
- 01/06/2022
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Kimball: Robust Backlog, P/E 11x And FCF Yield 8.5%, Recovery Trade
- Backlog 109% of net sales in this quarter.
- 11/09/2021
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Kimball International, Inc. (KBAL) CEO Kristi Juster on Q1 2022 Results - Earnings Call Transcript
- Kimball International, Inc. (KBAL) CEO Kristi Juster on Q1 2022 Results - Earnings Call Transcript
- 11/07/2021
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Kimball International, Inc. to Announce First Quarter Fiscal Year 2022 Financial Results
- JASPER, Ind., Oct. 19, 2021 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) will announce its first quarter fiscal year 2022 financial results on Thursday, November 4, 2021, after the close of the market.
- 10/19/2021
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Kimball International Ranked Among Today's Trending Stocks As Investors Kick Off September Trading Month
- Q.ai runs factor daily models to get the most up-to-date reading on stocks and ETFs. Today, our deep-learning algorithms have identified Kimball International among others.
- 09/01/2021
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Kimball International, Inc. Declares Dividend
- JASPER, Ind., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) announced today that its Board of Directors declared a quarterly cash dividend of nine cents ($0.09) per share for all outstanding shares of common stock payable October 15, 2021, to shareholders of record on September 25, 2021.
- 08/30/2021
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Kimball International, Inc. (KBAL) CEO Kristi Juster on Q4 2021 Results - Earnings Call Transcript
- Kimball International, Inc. (KBAL) CEO Kristi Juster on Q4 2021 Results - Earnings Call Transcript
- 08/07/2021
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Kimball International: Industry Data Supports Back-To-Office Trend, 49% Upside For Stock
- Strong June quarter, with workplace and health divisions showing recovery and order growth. Strong revenue growth projected for the fiscal 2022, specifically the latter half.
- 08/05/2021
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Kimball International, Inc. Reports Fourth Quarter and Fiscal Year 2021 Results
- — Workplace and Health Markets Delivered 5% Year-over-Year Revenue Growth and Represented Over 80% of Fourth Quarter Revenues — —Workplace and Health Orders up 33% Year-over-Year, with Continued Momentum into July— — Gross Margin Expanded 190 bps Sequentially, net of an Inflation-Related LIFO Reserve Adjustment — — Full Year Cost Savings Ahead of Projections at $22.3 Million — —Expects Double-Digit Revenue Growth and Sequential Quarterly Gross Margin Expansion in Fiscal 2022—
- 08/04/2021
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Kimball International, Inc. Issued Its Inaugural Environmental, Social and Governance (ESG) Summary Report
- JASPER, Ind., June 24, 2021 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) today issued its inaugural ESG Summary Report. It includes a comprehensive summary of the Company's strategy and performance on environmental, social and governance (ESG) initiatives and introduces performance targets for 2021. This review was prepared using the Sustainability Accounting Standards Board (SASB) Building Products & Furnishings standards. The Company also aligned the disclosures in its summary report with the United Nations Sustainable Development Goals (UN SDGs).
- 06/24/2021
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Kimball International, Inc. to Host Investor Meetings at the Baird 2021 Global Consumer, Technology & Services Conference
- JASPER, Ind., June 02, 2021 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) announced its participation in the Baird 2021 Global Consumer, Technology & Services Conference. Chief Executive Officer Kristie Juster and Chief Financial Officer T.J. Wolfe will host investor meetings on Tuesday, June 8, 2021.
- 06/02/2021
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New Strong Sell Stocks for June 2nd
- BEP, AXDX, FURY, KBAL, and LUNA have been added to the Zacks Rank #5 (Strong Sell) List on June 2, 2021
- 06/02/2021
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Kimball International, Inc. (KBAL) CEO Kristie Juster on Q3 2021 Results - Earnings Call Transcript
- Kimball International, Inc. (KBAL) CEO Kristie Juster on Q3 2021 Results - Earnings Call Transcript
- 05/08/2021
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Kimball: Strong Recovery In H2 Of Calendar Year 2022, 9.2x P/E And 46% Upside
- March quarter results were soft, but trends are slowly recovering, and company has a solid backlog.
- 05/07/2021
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Kimball's Organic Sales Probably Just Bottomed
- I believe Kimball's organic sales bottomed in Q3. The coming return to offices and increase in travel should provide growth in fiscal year 2022.
- 05/06/2021
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Kimball International, Inc. Declares Dividend
- JASPER, Ind., April 26, 2021 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) announced today that its Board of Directors declared a quarterly cash dividend of nine cents ($0.09) per share for all outstanding shares of common stock payable July 15, 2021, to shareholders of record on June 25, 2021.
- 04/26/2021
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Kimball International, Inc. to Announce Third Quarter Fiscal Year 2021 Financial Results
- JASPER, Ind., April 14, 2021 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) will announce its third quarter fiscal year 2021 financial results on Tuesday, May 4, 2021, after the close of the market.
- 04/14/2021
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Kimball Investors Looking For Signs Of A Cyclical Ramp
- Kimball should have a weak Q3 due to the delay in big companies bringing workers back to the office (especially in major cities) and high freight costs. Work from home will eventually transition back to work in the office. Education will come back to the classroom. Furniture demand in those end markets will increase.
- 04/05/2021
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Dividend Challenger Highlights: Week Of March 21
- A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends.
- 03/21/2021
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Kimball International, Inc. to Present at the Sidoti Spring 2021 Virtual Investor Conference
- JASPER, Ind., March 17, 2021 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) announced its participation in the Sidoti Spring 2021 Virtual Investor Conference. Chief Executive Officer Kristine Juster and Chief Financial Officer T.J. Wolfe will present at 11:30 a.m. Eastern Time on Thursday, March 25.
- 03/17/2021
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Kimball: Strong Recovery Ahead On Back-To-Office, 9.1x P/E And 96% Total Return
- Kimball has 96% total return potential on a medium-term outlook. The company is undervalued on our steady-state FY06/2022 estimate with a P/E of 9.1x.
- 02/10/2021
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Kimball International, Inc. Declares Dividend
- JASPER, Ind., Feb. 09, 2021 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) announced today that its Board of Directors declared a quarterly cash dividend of nine cents ($0.09) per share for all outstanding shares of common stock payable April 15, 2021, to shareholders of record on March 25, 2021.
- 02/09/2021
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Kimball International Is Reinventing Itself On The Fly
- Before the pandemic, Kimball had a high ROIC. Kimball's end markets have been decimated. There is reason to believe they will come back in the next few quarters.
- 02/08/2021
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Kimball International, Inc. (KBAL) CEO Kristie Juster on Q2 2021 Results - Earnings Call Transcript
- Kimball International, Inc. (KBAL) CEO Kristie Juster on Q2 2021 Results - Earnings Call Transcript
- 02/04/2021
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Recap: Kimball International Q2 Earnings
- Shares of Kimball International (NASDAQ:KBAL) rose in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share fell 72.73% year over year to $0.09, which missed the estimate of $0.15.
- 02/04/2021
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Kimball International, Inc. Reports Second Quarter 2021 Results
- --Completed Poppin Acquisition on December 9, 2020 and Integration Progressing on Schedule-- --Port Congestion Delays Reduced Second Quarter Revenue by $6 million-- --Sequential Improvement in Both Health and Workplace Order Rates-- --Continued Channel and New Product Development to Position for the New Work Environment-- --On Track to Achieve $20 Million in Cost Savings in Fiscal 2021-- JASPER, Ind., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) today announced results for the quarter ended December 31, 2020.
- 02/04/2021
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Limited Downside In Kimball International With Significant Potential Upside
- Kimball International remains profitable with a clean balance sheet despite a challenging commercial furniture market. The combination of cost-cutting and operating leverage when revenues recover is likely under-appreciated.
- 02/01/2021
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A Trio of Potential Bargains
- If you are looking for bargain opportunities, then you may want to consider the three stocks listed below, as they match the following criteria:
- 01/27/2021
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Value Investment Principals' Year-End 2020 Performance And Outlook For 2021
- Value Investment Principals' Year-End 2020 Performance And Outlook For 2021
- 01/22/2021
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iShares Micro-Cap ETF Witnessing Extreme Speculation
- iShares Micro-Cap ETF Witnessing Extreme Speculation
- 01/17/2021
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Kimball International, Inc. to Announce Second Quarter Fiscal Year 2021 Financial Results
- JASPER, Ind., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) will announce its second quarter fiscal year 2021 financial results on Thursday, February 4, 2021, after the close of the market.
- 01/14/2021
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Chuck Royce's Firm Closes Out 2020 by Slashing 3 Holdings, Adding to 1 Stake
- Royce Investment Partners revealed earlier this week it reduced three positions and added to another in December.
- 01/07/2021
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Kimball International Announces Closing of Poppin Acquisition
- JASPER, Ind., Dec. 09, 2020 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) today announced the closing of its previously reported acquisition of Poppin, Inc., a tech-enabled, market-leading B2B commercial furniture design company.
- 12/09/2020
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Kimball International: Taking Their Swing
- After surviving the worst of the pandemic profitably, and getting no credit for their fortress-like balance sheet, Kimball International has made a big acquisition. The purchase of Poppin appears to be an opportunistic one that could change the profile of the furniture maker.
- 12/08/2020
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Kimball: 75% Upside On Strong Margins, Orders And 13% FCF Yield
- Strong margins and cost-cutting led Kimball to beat analyst expectations on EPS. Order pickup by 15% QoQ in the quarter, with healthy backlog.
- 11/06/2020
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Kimball International, Inc. (KBAL) CEO Kristie Juster on Q1 2021 Results - Earnings Call Transcript
- Kimball International, Inc. (KBAL) CEO Kristie Juster on Q1 2021 Results - Earnings Call Transcript
- 11/04/2020
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Kimball International to Acquire Poppin, Inc., Fast Growing Digitally Enabled Commercial Furniture Company
- Creates One of the Leading Omnichannel Commercial Furnishings Design Powerhouses Creates One of the Leading Omnichannel Commercial Furnishings Design Powerhouses
- 11/04/2020
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Kimball International, Inc. Holds Annual Meeting And Declares Dividend
- JASPER, Ind., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL)
- 10/27/2020
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Kimball Electronics, Inc. Announces Live Webcast of First Quarter Fiscal Year 2021 Financial Results Conference Call
- Kimball Electronics, Inc. (Nasdaq: KE) will announce its first quarter fiscal year 2021 financial results on Tuesday, November 3, 2020 after the closing of the
- 10/22/2020
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Campbell & CO Investment Adviser LLC Sells 5,081 Shares of Kimball Electronics Inc (NASDAQ:KE)
- Campbell & CO Investment Adviser LLC lowered its stake in shares of Kimball Electronics Inc (NASDAQ:KE) by 22.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 17,391 shares of the electronics maker’s stock after selling 5,081 shares during the period. Campbell & CO Investment Adviser LLC owned […]
- 10/19/2020
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Kimball International, Inc. to Announce First Quarter Fiscal Year 2021 Financial Results
- Kimball International, Inc. (NASDAQ: KBAL) will announce its first quarter fiscal year 2021 financial results on Wednesday, November 4, 2020, after the close of
- 10/13/2020
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Kimball International Announces Executive Changes
- Kimball International, Inc. (NASDAQ: KBAL) today announced the following leadership changes in the Company’s Finance and Corporate Business Practices functions
- 10/05/2020
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Kimball International: Downside Risk Looks Limited Here (NASDAQ:KBAL)
- Although demand was obviously weaker in Q4, gross margins improved. Management believes there are plenty of cost gains to follow.
- 10/05/2020
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Global Furniture Market (2020 to 2025) - Commercial Furniture to Show Notable Growth - ResearchAndMarkets.com
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Marshall Wace LLP Makes New $351,000 Investment in Kimball International Inc (NASDAQ:KBAL)
- Marshall Wace LLP bought a new position in shares of Kimball International Inc (NASDAQ:KBAL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 30,383 shares of the company’s stock, valued at approximately $351,000. A number of other large investors also […]
- 09/17/2020
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Kimball International, Inc. to Present at the Sidoti Fall 2020 Investor Conference
- Kimball International, Inc. (NASDAQ: KBAL) announced its participation at the Sidoti Fall 2020 Investor Conference. Chief Executive Officer Kristine Juster and
- 09/16/2020
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Kimball International, Inc. Declares Dividend
- Kimball International, Inc. (NASDAQ: KBAL). The Board of Directors of Kimball International, Inc. declared a quarterly cash dividend of nine cents ($0.09) per
- 08/25/2020
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What Michael Burry (Of 'The Big Short') Added During The COVID-19 Bounce Back
- Burry performed very well prior to and during the great recession. Now he is back and his portfolio is made public every quarter.
- 08/17/2020
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Kimball: Q4 Results Solid On Cost Control, Stock Looks Attractive With Minimal Downside (NASDAQ:KBAL)
- Cost control measures of $25.6 million, adjusted EBITDA increase of 1%, and new Connect 2.0 strategy in Q4.
- 08/06/2020
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Kimball International Inc (KBAL) Q4 2020 Earnings Call Transcript | The Motley Fool
- KBAL earnings call for the period ending June 30, 2020.
- 08/04/2020
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Kimball International Announces New Organizational Structure
- Kimball International, Inc. (NASDAQ:KBAL) today announced a new organizational structure to drive market share gains.
The new organization will be comprised of
- 08/03/2020
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Kimball International Announces New Organizational Structure
- Market-Centric Structure Designed to Accelerate Market Share Gains President, Workplace Kourtney L. Smith President, Health Phyllis M. Goetz President, Hospitality Katherine S. Sigler Chief Strategy and Innovation Officer, President eBusiness Koorosh SharghiJASPER, Ind., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ:KBAL) today announced a new organizational structure to drive market share gains. The new organization will be comprised of four market-centric business units: Workplace, Health, Hospitality and eBusiness that will enable Kimball International to marshal its significant industry, product and brand expertise to maximize growth opportunities in today’s marketplace. This next phase of the Kimball International Connect Strategy, designated Connect 2.0, specifically addresses the changing industry dynamics brought about by the COVID-19 health crisis and its aftermath.Kristie Juster, CEO, commented, “Connect 2.0 provides the organizational framework for us to accelerate our ability to redesign and reimagine the new workplace, build a new work from home portfolio, continue to build our talent base in the health vertical and expand our hospitality business into other commercial direct sales markets. In establishing a dedicated eBusiness unit, we are creating a vehicle through which to establish eCommerce capabilities across our brands and end markets.“I am pleased to note that each of the leaders of these new Business Units has a proven track record, existing knowledge and leadership at Kimball International and together represent a powerful blend of diversity that drives innovative thinking.”Kourtney L. Smith, President, Workplace, joined Kimball International in 1988 and most recently served as President of the National Office Furniture brand. During her tenure at the Company, Kourtney has built deep experience in both the office and the hospitality industries and has held roles of increasing responsibility in marketing, product development, sales and service.Phyllis M. Goetz, President, Health, joined the Company in 2019 with more than 30 years of experience in the commercial furniture industry and specific expertise in driving growth and developing strategic partnerships in the healthcare, commercial and design communities. Prior to joining Kimball International, Phyllis held multiple leadership roles in the Healthcare divisions of Herman Miller and Steelcase.Katherine S. Sigler, President, Hospitality, joined Kimball International in 1990 and was most recently President of Kimball Hospitality. Kathy has held leadership roles in manufacturing products for the hospitality and commercial markets and developed substantial expertise in the areas of operational excellence, complex project management and customer-centric engagement.Koorosh Sharghi, Chief Strategy and Innovation Officer, President eBusiness, joined the Company in 2019 with extensive cross-functional experience in business transformation leadership, digital marketing, operations, and finance. Prior to joining the Company, Koorosh held several leadership positions at Newell Brands, where he was responsible for building center-led functions across a portfolio of market-leading brands.“The four new business units will be supported by the agility and efficiency of our Global Operations and the streamlined center-led structure that we implemented in the first year of our strategic Transformation Plan. I am confident that this new organizational framework, together with the cultural alignment of our Company to excel in times of change, will enable Kimball International to capture additional market share opportunities,” Ms. Juster noted.About Kimball International, Inc.For 70 years, Kimball International has created design driven furnishings that have helped our customers shape spaces into places, bringing possibility to life by enabling collaboration, discovery, wellness and relaxation. We go to market through our family of brands: Kimball, National, Kimball Hospitality, and D’style by Kimball Hospitality. Our values and high integrity are demonstrated daily by living our Purpose and Guiding Principles that establish us as an employer of choice. We build success by growing long-term relationships with customers, employees, suppliers, shareholders, and the communities in which we operate. In fiscal year 2020, the Company generated $728 million in revenue and employed over 2,800 people. To learn more about Kimball International, Inc. (KBAL), visit www.kimballinternational.com.Investor Contacts: Lynn Morgen lynn.morgen@advisiry.com Eric Prouty eric.prouty@advisiry.comPhotos accompanying this announcement are available athttps://www.globenewswire.com/NewsRoom/AttachmentNg/4715267b-fb73-40f0-ba2e-8e39dd71507ehttps://www.globenewswire.com/NewsRoom/AttachmentNg/88933b71-fab5-4268-b82e-c7c6f29b84a8https://www.globenewswire.com/NewsRoom/AttachmentNg/e3a7aec0-2647-45d6-9c62-ad6402e184c3https://www.globenewswire.com/NewsRoom/AttachmentNg/60b55681-3101-4cfa-882b-e9be5fb1fd55
- 08/03/2020
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Kimball International, Inc. Reports Fourth Quarter and Fiscal Year 2020 Results
- --Fourth Quarter Results Demonstrate Resilience Within Current Market Conditions--
--Achieved $25.6 Million in Cost Savings in Fiscal 2020--
--Announced New
- 08/03/2020
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Kimball International, Inc. Reports Fourth Quarter and Fiscal Year 2020 Results
- \--Fourth Quarter Results Demonstrate Resilience Within Current Market Conditions-- \--Achieved $25.6 Million in Cost Savings in Fiscal 2020-- \--Announced New Market Centric Organizational Structure to Drive Market Share Gains-- \--Additional Cost Savings of $20 Million Expected in Fiscal 2021--JASPER, Ind., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) today announced results for the fourth quarter and fiscal year ended June 30, 2020.Selected Financial Highlights: Fourth Quarter FY 2020 * Net sales decreased 20% to $156.1 million * Gross margin expanded by 70 basis points despite lower volume * Operating income margin of 7.0%, or 9.4% on an adjusted basis * Net income of $9.2 million, decreased 17% * Adjusted EBITDA of $19.1 million, increased 1%, and adjusted EBITDA margin of 12.2% increased 260 basis points * Diluted EPS of $0.25, or $0.29 on an adjusted basis, a decrease of 9% compared to adjusted EPS of $0.32 a year ago * Return on Invested Capital (ROIC) of 30.0% * Backlog of $151.1 million CEO Kristie Juster commented, “Fourth quarter results demonstrated the resilience of Kimball International in navigating a very difficult business and operating environment. Excellent execution across our organization enabled us to report stable adjusted operating income, along with modest growth in adjusted EBITDA, despite a significant COVID-19 impact on our revenues. This performance reflected the success of our ongoing transformation plan and Phase 1 of our restructuring program, which together have yielded significant cost savings while streamlining our operations and leveraging expertise across our brands. “Business conditions remained challenging throughout the fourth quarter as the health crisis and resultant economic decline caused postponements of projects and uncertainty around adapting to a post-COVID working environment. In early May, with our production facilities fully operational under strict safety and health protocols, we acted quickly to develop products and solutions that would assist clients in adhering to social distancing and workplace safety requirements, while providing comfortable and collaborative settings. These included retrofits and redesigns for existing products and spaces, as well as roadmaps to reimagine the new work environment.“We are pleased with the initial market response to our initiatives, but we recognize that the business environment is likely to remain difficult in the periods ahead. As a result, we have decided to accelerate the implementation of the next phase of our Kimball International Connect strategy, which we believe will drive continued market share gains for Kimball International during this period as well as yield additional cost savings that will enable us to effectively manage through the downturn and emerge as a leaner, more nimble company.“Specifically, the Connect 2.0 Strategy is comprised of four new market centric business units of Workplace, Health, Hospitality and eBusiness that will accelerate our ability to redesign and reimagine the new workplace, build a new work from home portfolio, continue assembling experts in health, and expand our hospitality business into other commercial direct sales environments. The dedicated eBusiness unit will take a leadership role in establishing all e-commerce across our brands and end markets. Each of these four business units will be supported by the agility and efficiency of Global Operations and the streamlined center-led structure that we implemented in year one of our strategy.“At the same time, we are initiating Phase 2 of our restructuring program, which will result in a restructuring charge of between $17.0 million and $18.0 million in total of which approximately $6.0 million will be recorded in the first quarter of fiscal 2021. Approximately 75% of the total charge will be cash charges. The workforce reductions and facility optimization that comprise this program, together with our ongoing operational excellence initiatives are expected to yield cost savings of approximately $20.0 million in fiscal 2021.” OverviewFourth Quarter Fiscal 2020 ResultsConsolidated net sales were $156.1 million, down 20% from $195.6 million in the year ago quarter. Gross margin expanded by 70 basis points to 35.0% due to cost savings, selected product price increases and efficient management of our manufacturing facilities through the revenue decline. Selling and administrative expenses of $41.6 million declined $11.3 million compared to the prior year, decreasing to 26.8% of net sales. Adjusted selling and administrative expenses were $39.9 million or 25.5% of net sales, compared to $52.4 million or 26.8% of net sales in last year’s fourth quarter. Net income decreased 17% to $9.2 million, and GAAP earnings per diluted share were $0.25, compared to $0.30 reported in the fiscal 2019 fourth quarter. Adjusted earnings per share, which excludes restructuring charges, decreased 9% to $0.29, compared to $0.32 last year. Adjusted EBITDA increased 1% to $19.1 million, and adjusted EBITDA margin expanded 260 basis points to 12.2%.The current year fourth quarter benefited from approximately $3.1 million in one-time favorable adjustments to year-to-date annual incentive compensation accruals, which increased adjusted earnings per share by $0.06. In addition, this year’s fourth quarter was favorably impacted by lower incentive compensation costs, delayed spending across the Company and reduced employee healthcare costs, much of which was related to the COVID-19 pandemic.The Company ended the fourth quarter in a strong financial position, with $97.1 million in cash and short-term investments, minimal debt and $73.4 million in available credit lines, providing the resources to weather the COVID-19 crisis and continue to invest to support future growth.Fiscal Year 2020 ResultsFiscal year 2020 net sales of $727.9 million decreased 5% from fiscal year 2019 net sales of $768.1 million. Fiscal year 2020 operating income was $54.4 million, or 7.5% of net sales, compared to fiscal year 2019 operating income of $49.5 million, or 6.4% of net sales. Adjusted operating income was $64.2 million, 21% above the $53.1 million in fiscal 2019. Net income for fiscal year 2020 was $41.1 million, or $1.11 per diluted share, inclusive of $6.3 million restructuring expense ($0.17 per share) and $0.5 million CEO transition costs ($0.01 per share). Fiscal year 2019 net income was $39.3 million, or $1.06 per diluted share, inclusive of $0.7 million restructuring expense ($0.02 per share) and $1.5 million CEO transition costs ($0.04 per share). Fiscal year 2020 adjusted EBITDA was $81.3 million, or 11.2% of net sales, compared to fiscal year 2019 adjusted EBITDA of $69.5 million, or 9.0% of net sales.Capital expenditures for fiscal 2020 were $21.1 million. The Company returned $15.9 million to shareholders in the form of dividends and share buybacks.Net Sales by End Market Three Months Ended Fiscal Year Ended (Unaudited)June 30, June 30, (Amounts in Millions)2020 2019 % Change 2020 2019 % Change Workplace$91.0 $117.2 (22 %) $435.4 $462.7 (6 %) Health21.6 28.8 (25 %) 108.9 110.4 (1 %) Hospitality43.5 49.6 (12 %) 183.6 195.0 (6 %) Total Net Sales$156.1 $195.6 (20 %) $727.9 $768.1 (5 %) Summary and Outlook“Fiscal 2020 results represented very respectable performance in light of the COVID-19 impact on our fiscal third and fourth quarter revenues. We succeeded in posting double-digit growth in operating income and adjusted operating income on a 5% decline in revenues, and we reported an industry-leading 37.5% return on invested capital, all indications of the significant efficiency gains that have been achieved by the Kimball International team.“Recent order rate trends within this period of economic uncertainty lead us to anticipate lower year-on-year comparisons over the next several quarters. Our fiscal year-end backlog was $151 million, of which $90 million is scheduled to ship in the first quarter of fiscal 2021. Recent order trends and the resurgence of COVID-19 in certain parts of the country lead us to expect that first quarter fiscal year 2021 revenue will be slightly below fourth quarter fiscal year 2020 levels.“Longer term, we are confident in our ability to grow our business organically and through opportunistic acquisitions that enable us to gain share in our selected vertical markets as well as build our e-commerce capabilities,” Ms. Juster concluded.Non-GAAP Financial Measures This press release contains non-GAAP financial measures. A non-GAAP financial measure is a numerical measure of a company’s financial performance that excludes amounts so as to be different than the most directly comparable measure calculated and presented in accordance with Generally Accepted Accounting Principles (“GAAP”) in the United States in the statement of income, statement of comprehensive income, balance sheet, or statement of cash flows of the Company. The non-GAAP financial measures used within this release are (1) adjusted selling and administrative expense; (2) adjusted EBITDA; (3) adjusted operating income; (4) adjusted net income; and (5) adjusted diluted earnings per share. Adjusted operating income, adjusted net income, and adjusted diluted earnings per share each exclude restructuring expense and CEO transition costs from the GAAP income measure. Adjusted selling and administrative expense excludes market value adjustments related to the SERP liability and CEO transition costs from the GAAP income measure. Additionally, adjusted operating income excludes market value adjustments related to the SERP liability.
- 08/03/2020
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Registration - Sidoti's 2020 Fall Virtual Investor Conference is Now Open
- Our Biannual Investor Conference has become a leading forum for small-cap companies to interface with investors specifically interested in the small-cap equities.
- 07/30/2020
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If You Had Bought Kimball International's (NASDAQ:KBAL) Shares A Year Ago You Would Be Down 39%
- The simplest way to benefit from a rising market is to buy an index fund. While individual stocks can be big winners...
- 07/28/2020
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Portfolio Income: Trading Quality Stocks Vs. Longer-Term Positions In REITs And Other High-Yielding Securities
- Most companies yielding over three percent in the current near-zero interest rate environment involve substantial hidden risk.
- 07/28/2020
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5 Value Stocks In The Consumer Cyclical Sector
- What is a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company’s future growth prospects. Low P/E...
- 07/28/2020
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COVID-19 Impact and Recovery Analysis | Furniture and Furnishings Procurement Intelligence Report Forecasts Spend Growth of Over USD 90 Billion | SpendEdge
- The global Furniture and Furnishings Procurement Intelligence Report Forecasts Spend Growth of over USD 90 billion between 2019-2024
- 07/16/2020
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Kimball International : to Announce Fourth Quarter Fiscal Year 2020 Financial Results | MarketScreener
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Kimball International, Inc. to Announce Fourth Quarter Fiscal Year 2020 Financial Results
- JASPER, Ind., July 14, 2020 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) will announce its fourth quarter fiscal year 2020 financial results on Monday, August 3, 2020, after the close of the market. The Company will host a conference call on Monday, August 3, 2020, at 5:00 p.m. ET to review its financial performance.The telephone number to access the conference call is 844-602-5643 or internationally at 574-990-3014. The passcode to access the call is "Kimball." The live webcast of the conference call can be accessed at www.ir.kimballinternational.com.For those unable to participate in the live webcast, the call will be archived at www.ir.kimballinternational.com.About Kimball International, Inc.For 70 years, Kimball International has created design driven furnishings that have helped our customers shape spaces into places, bringing possibility to life by enabling collaboration, discovery, wellness and relaxation. We go to market through our family of brands: Kimball, National, Kimball Hospitality, and D’style by Kimball Hospitality. Our values and high integrity are demonstrated daily by living our Purpose and Guiding Principles that establish us as an employer of choice. We build success by growing long-term relationships with customers, employees, suppliers, shareholders, and the communities in which we operate. In fiscal year 2019, the company generated $768 million in revenue and employed over 3,000 people. To learn more about Kimball International, Inc. (KBAL), visit www.kimballinternational.com.Investor Contacts: Lynn Morgen lynn.morgen@advisiry.com Eric Prouty eric.prouty@advisiry.comKimball International 1600 Royal Street Jasper, IN 47546 Telephone 812.482.1600
- 07/14/2020
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Dividend Challenger Highlights: Week Of July 12
- A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends.
- 07/11/2020
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Should You Buy Kimball International Inc (KBAL)?
- The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
- 07/04/2020
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Kimball International announces changes to its Board of Directors
- Kimball International, Inc. announced that Director Geoffrey L. Stringer has decided to retire from the Board of Directors at the end of his current term, following 17 years of dedicated service. Mr. Stringer’s term expires at the company's 2020 annual meeting of shareholders on October 27, and he will not be seeking re-election.
- 06/30/2020
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Kimball International Announces Changes to its Board of Directors
- Kimball International, Inc. (NASDAQ: KBAL) today announced that Director Geoffrey L. Stringer has decided to retire from the Board of Directors at the end of
- 06/29/2020
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Did Kimball International, Inc. (NASDAQ:KBAL) Insiders Buy Up More Shares?
- We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
- 06/25/2020
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Insights & Forecast with Potential Impact of COVID-19 - Contemporary Height-Adjustable Desk Market 2020-2024 | Demand for Modern Height-Adjustable Desks to Boost Growth | Technavio
- The Global Contemporary Height-Adjustable Desk Market will grow by USD 2.87 bn during 2020-2024
- 06/25/2020
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KIMBALL INTERNATIONAL, INC. : Ex-dividend day for | MarketScreener
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KIMBALL INTERNATIONAL, INC. : Détachement de dividende | Zone bourse
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Dividend Challenger Highlights: Week Of June 21
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5 Home Furnishing Companies With High Strength and Profitability
- Stocks to consider as homebuilder sentiment skyrockets in June Continue reading...
- 06/16/2020
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Burden of COVID-19 on the Market & Rehabilitation Plan | Office Furniture Market 2020-2024 | Demand for Modern and Luxury Furniture to Boost Growth | Tehnavio
- The Global Office Furniture Market will grow by USD 22.67 bn during 2020-2024
- 06/16/2020
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Dividend Changes: June 6-12, 2020
- This article series provides a weekly summary of dividend changes. A summary table provides relevant data and key statistics of dividend increases. The article
- 06/15/2020
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Edited Transcript of KBAL earnings conference call or presentation 6-May-20 3:00pm GMT
- Q3 2020 Kimball International Inc Earnings Call
- 06/13/2020
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Burden of COVID-19 on the Market & Rehabilitation Plan | Smart Office Furniture Market 2020-2024 | Developments in Connectivity Technologies to Boost Growth | Technavio
- The Global Smart Office Furniture Market will grow by USD 266.6 mn during 2020-2024
- 06/12/2020
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Bank of New York Mellon Corp Buys 2,419 Shares of Kimball International Inc (NASDAQ:KBAL)
- Bank of New York Mellon Corp increased its stake in shares of Kimball International Inc (NASDAQ:KBAL) by 0.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 302,853 shares of the company’s stock after acquiring an additional 2,419 shares during the quarter. Bank […]
- 06/10/2020
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Kimball: 15% FCF Yield, 25% Net Cash, 6.7x P/E And $187 Million Order Backlog Make For Cheap Buy (NASDAQ:KBAL)
- Alpha cash position stock - 15% FCF yield on EV and 25% Net Cash ($2.86 per share) to market cap. Cheap, forward-looking ex-cash P/E of 6.7x on FY2021. Strong l
- 06/10/2020
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COVID-19 Impact and Recovery Analysis - Office Furniture Market 2020-2024 | Demand for Modern and Luxury Furniture to Boost Growth | Technavio
- The Global Office Furniture Market will grow by USD 22.67 bn during 2020-2024
- 06/03/2020
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GyanSys is Selected by Kimball International to Provide Application Management Services (AMS) for 3 years
- Carmel, Indiana--(Newsfile Corp. - May 22, 2020) - Kimball International, a leading manufacturer and designer of furnishings with brands such as Kimball, National, and Kimball Hospitality, signed a 3-year contract with GyanSys Inc. ("GyanSys"), a leading IT services provider headquartered in Indiana, to provide AMS for its global IT operations. ...
- 05/22/2020
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Research Report with COVID-19 Forecasts-Office Furniture Market in US 2020-2024 | Surge In The Number Of Start-ups To Boost Growth | Technavio
- The office furniture market size in the US has the potential to grow by USD 5.64 billion during 2020-2024
- 05/21/2020
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Kimball International Inc (KBAL) Q3 2020 Earnings Call Transcript
- At this time, I would like to welcome everyone to the Kimball International Third Quarter Earnings Conference Call. As with prior conference calls, today's call, May 6, 2020, will be recorded and may contain forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the forward-looking statements.
- 05/07/2020
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Kimball International Suspends Long Term Guidance
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Kimball International Q3 EPS $0.270 Up From $0.220 YoY, Sales $178.200M Up From $177.369M YoY
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Kimball International, Inc. Reports Third Quarter Results
- Strong EPS Growth Driven by Transformation Savings of $7.2 MillionModest Revenue Growth Despite COVID-19 Shipment Delays of Approximately $18 millionStrong Balance Sheet.
- 05/05/2020
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Grace & White Inc Buys Alliant Energy Corp, Brighthouse Financial Inc, Kimball ...
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Analysis on New Product Launches in Covid-19 Related Markets-Online Furniture Market 2020-2024 | Rise in Online Spending and Smartphone Penetration to Boost Growth | Technavio
- The global online furniture market size has the potential to grow by USD 84.26 billion during 2020-2024
- 04/30/2020
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Kimball International (NASDAQ:KBAL) Upgraded at BidaskClub
- Kimball International (NASDAQ:KBAL) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday, BidAskClub reports. Separately, ValuEngine upgraded Kimball International from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. NASDAQ:KBAL opened at $13.04 on […]
- 04/30/2020
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Kimball International, Inc. Declares Dividend
- JASPER, Ind., April 28, 2020 -- Kimball International, Inc. (NASDAQ: KBAL) The Board of Directors of Kimball International, Inc. declared a quarterly cash dividend of nine.
- 04/28/2020
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Ladenburg Thalmann Financial Services Inc. Acquires 1,748 Shares of Kimball International Inc (NASDAQ:KBAL)
- Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Kimball International Inc (NASDAQ:KBAL) by 1,649.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,854 shares of the company’s stock after purchasing an additional 1,748 shares during the quarter. Ladenburg Thalmann Financial Services […]
- 04/25/2020
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Pre & Post COVID-19 Market Estimates- Office Furniture Market 2019-2023 | Demand for Eco-friendly Furniture to Boost Growth | Technavio
- The office furniture market size has the potential to grow by USD 22.67 billion during 2020-2024
- 04/23/2020
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Bank of America Corp DE Sells 13,411 Shares of Kimball International Inc (NASDAQ:KBAL)
- Bank of America Corp DE lessened its stake in Kimball International Inc (NASDAQ:KBAL) by 18.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,439 shares of the company’s stock after selling 13,411 shares during the period. Bank of America Corp […]
- 04/23/2020
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Kimball International Inc (NASDAQ:KBAL) Shares Purchased by Geode Capital Management LLC
- Geode Capital Management LLC increased its position in shares of Kimball International Inc (NASDAQ:KBAL) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 770,974 shares of the company’s stock after purchasing an additional 6,050 shares during the quarter. Geode Capital Management […]
- 04/18/2020
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Kimball International engages ADVISIRY PARTNERS as investor relations firm KBAL
- Kimball International engages ADVISIRY PARTNERS as investor relations firm KBAL
- 04/17/2020
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Kimball International, Inc. Engages ADVISIRY PARTNERS as its Investor Relations Firm
- JASPER, Ind., April 17, 2020 -- Kimball International, Inc. (NASDAQ:KBAL), has engaged New York-based financial communications firm ADVISIRY PARTNERS as its new investor.
- 04/17/2020
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Kimball International, Inc. Engages ADVISIRY PARTNERS as its Investor Relations Firm
- JASPER, Ind., April 17, 2020 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ:KBAL), has engaged New York-based financial communications...
- 04/17/2020
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Kimball International, Inc. to Announce Third Quarter Fiscal Year 2020 Financial Results
- JASPER, Ind., April 16, 2020 -- Kimball International, Inc. (NASDAQ: KBAL) will announce its third quarter fiscal year 2020 financial results on Tuesday, May 05, 2020, after.
- 04/16/2020
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Kimball International, Inc. to Announce Third Quarter Fiscal Year 2020 Financial Results
- JASPER, Ind., April 16, 2020 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) will announce its third quarter fiscal year 2020 financial...
- 04/16/2020
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Bank of New York Mellon Corp Sells 40,984 Shares of Kimball International Inc (NASDAQ:KBAL)
- Bank of New York Mellon Corp lowered its position in Kimball International Inc (NASDAQ:KBAL) by 12.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 300,434 shares of the company’s stock after selling 40,984 shares during the quarter. Bank of New York Mellon […]
- 04/15/2020
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UBS Asset Management Americas Inc. Has $627,000 Stock Holdings in Kimball International Inc (NASDAQ:KBAL)
- UBS Asset Management Americas Inc. increased its holdings in shares of Kimball International Inc (NASDAQ:KBAL) by 57.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 30,342 shares of the company’s stock after purchasing an additional 11,074 shares during the period. UBS Asset Management Americas Inc. owned approximately […]
- 04/13/2020
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Dividend Challenger Highlights: Week Of April 12
- A weekly summary of dividend activity for Dividend Challengers. Companies which declared increased dividends. Companies with upcoming ex-dividend dates. Compani
- 04/11/2020
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Kimball International (NASDAQ:KBAL) Stock Rating Upgraded by ValuEngine
- Kimball International (NASDAQ:KBAL) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Thursday, ValuEngine reports. Separately, BidaskClub lowered Kimball International from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 10th. NASDAQ KBAL opened at $11.77 on Thursday. […]
- 04/11/2020
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Connor Clark & Lunn Investment Management Ltd. Has $307,000 Stock Holdings in Kimball International Inc (NASDAQ:KBAL)
- Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in Kimball International Inc (NASDAQ:KBAL) by 22.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,875 shares of the company’s stock after selling 4,425 shares during the period. Connor Clark & Lunn Investment […]
- 04/08/2020
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Goldman Sachs Group Inc. Has $6.87 Million Holdings in Kimball International Inc (NASDAQ:KBAL)
- Goldman Sachs Group Inc. increased its holdings in Kimball International Inc (NASDAQ:KBAL) by 38.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 332,458 shares of the company’s stock after acquiring an additional 91,608 shares during the period. Goldman Sachs Group Inc. owned […]
- 04/07/2020
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Advisor Group Inc. Invests $78,000 in Kimball International Inc (NASDAQ:KBAL)
- Advisor Group Inc. purchased a new position in Kimball International Inc (NASDAQ:KBAL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,795 shares of the company’s stock, valued at approximately $78,000. Other institutional investors have also bought and sold shares of the company. Enterprise […]
- 04/06/2020
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Victory Capital Management Inc. Grows Stake in Kimball International Inc (NASDAQ:KBAL)
- Victory Capital Management Inc. increased its holdings in shares of Kimball International Inc (NASDAQ:KBAL) by 58.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 18,601 shares of the company’s stock after acquiring an additional 6,836 shares during the period. Victory Capital Management Inc.’s holdings in Kimball International were worth $384,000 at the end of […]
- 04/04/2020
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ValuEngine Downgrades Kimball International (NASDAQ:KBAL) to Sell
- Kimball International (NASDAQ:KBAL) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Monday, ValuEngine reports. Separately, BidaskClub downgraded shares of Kimball International from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 10th. NASDAQ KBAL opened at […]
- 04/01/2020
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Kimball International Says It Will Adjust Its Manufacturing Operations To Prioritize The Needs Of Their Healthcare Business
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KIMBALL INTERNATIONAL RESPONDS TO THE EVOLVING COVID-19 PANDEMIC
- Kimball International (KBAL), an innovator in design-driven commercial furnishings sold through a family of brands in the workplace, learning, health and hospitality environments, today released the following statement from CEO Kristie Juster to provide an update on how the COVID-19 outbreak has had an effect on its business and operations. The Kimball International family has a tremendous history of banding together in times of crisis. Today we are announcing Kimball International will adjust our manufacturing operations to prioritize the needs of our healthcare business.
- 03/31/2020
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KIMBALL INTERNATIONAL RESPONDS TO THE EVOLVING COVID-19 PANDEMIC
- JASPER, Ind., March 31, 2020 (GLOBE NEWSWIRE) -- Kimball International (NASDAQ:KBAL), an innovator in design-driven commercial furnishings sold through a...
- 03/31/2020
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Alberta Investment Management Corp Makes New $203,000 Investment in Kimball International Inc (NASDAQ:KBAL)
- Alberta Investment Management Corp bought a new position in Kimball International Inc (NASDAQ:KBAL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,800 shares of the company’s stock, valued at approximately $203,000. A number of other hedge funds and other institutional investors also recently […]
- 03/31/2020
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Kimball International Inc (NASDAQ:KBAL) Shares Sold by AQR Capital Management LLC
- AQR Capital Management LLC reduced its stake in shares of Kimball International Inc (NASDAQ:KBAL) by 9.7% in the 4th quarter, HoldingsChannel reports. The firm owned 505,649 shares of the company’s stock after selling 54,173 shares during the quarter. AQR Capital Management LLC’s holdings in Kimball International were worth $10,452,000 at the end of the most […]
- 03/29/2020
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Citigroup Inc. Buys 2,598 Shares of Kimball International Inc (NASDAQ:KBAL)
- Citigroup Inc. raised its stake in Kimball International Inc (NASDAQ:KBAL) by 52.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,571 shares of the company’s stock after buying an additional 2,598 shares during the period. Citigroup Inc.’s holdings in Kimball […]
- 03/28/2020
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Kimball International (NASDAQ:KBAL) Stock Price Up 14%
- Kimball International Inc (NASDAQ:KBAL) traded up 14% during mid-day trading on Tuesday . The stock traded as high as $10.40 and last traded at $10.40, 152,962 shares changed hands during mid-day trading. An increase of 26% from the average session volume of 121,646 shares. The stock had previously closed at $9.12. A number of research […]
- 03/25/2020
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Kimball International Says Has Over $100M In Cash And No Debt
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Kimball International Releases Statement on Impact of COVID-19
- Kimball International, Inc. (KBAL) today released the following statement from CEO Kristie Juster regarding the current impact of the novel coronavirus (COVID-19) outbreak on the company. As we face this time of unprecedented challenges, we have taken swift action to proactively safeguard and support our people, activate business continuity plans to minimize impact to our customers and continue the rigorous financial management of our business. At this time, our major manufacturing facilities are operational, and we are following CDC and public health officials’ guidelines, along with implementing local emergency response plans at each location.
- 03/23/2020
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Kimball International Releases Statement on Impact of COVID-19
- JASPER, Ind., March 23, 2020 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NYSE:KBAL) today released the following statement from CEO Kristie Juster...
- 03/23/2020
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Stocks That Hit 52-Week Lows On Monday
- On Monday morning, 720 companies hit new 52-week lows.
Noteworthy Mentions:
The largest company by market cap to set a new 52-week low was Alphabet (NASDAQ: GOOGL)...
- 03/23/2020
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Kimball International Releases Statement on Impact of COVID-–9
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Impact Of The House Proposal To Suspend Dividends/Buybacks
- Yet again, big brother is sticking its nose where it ought not be. Telling corporations what they can or can't do with their money is criminal. If this legislat
- 03/22/2020
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Dividend Challenger Highlights: Week Of March 22
- A weekly summary of dividend activity for Dividend Challengers. Companies which declared increased dividends. Companies with upcoming ex-dividend dates. Compani
- 03/21/2020
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Jefferies Group LLC Buys New Position in Kimball International Inc (NASDAQ:KBAL)
- Jefferies Group LLC bought a new stake in Kimball International Inc (NASDAQ:KBAL) in the fourth quarter, Holdings Channel reports. The fund bought 20,941 shares of the company’s stock, valued at approximately $433,000. Other institutional investors and hedge funds also recently made changes to their positions in the company. Enterprise Financial Services Corp grew its position […]
- 03/20/2020
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Stocks That Hit 52-Week Lows On Thursday
- On Thursday morning, 1178 companies hit new 52-week lows.
Facts of Interest:
The largest company by market cap to set a new 52-week low was Nuveen Preferred & Income...
- 03/19/2020
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The Office Furniture Market is expected to grow by USD 5.64 bn during 2020-2024, progressing at a CAGR of 6% during the forecast period
- Office Furniture Market In US 2020-2024 The analyst has been monitoring the office furniture market in us 2020-2024 and it is poised to grow by USD 5.64 bn during 2020-2024, progressing at a CAGR of 6% during the forecast period. Our reports on office furniture market in us 2020-2024 provides a holistic
- 03/17/2020
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5 Nasdaq Stocks for the Moment You're Ready to Buy
- The time for bargain hunting in the virus-afflicted stock market may not have come yet. But it will come Continue reading...
- 03/16/2020
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5 Nasdaq Stocks for the Moment You€™re Ready to Buy
- 5 Nasdaq Stocks for the Moment You’re Ready to Buy, Stocks: JOUT,KBAL,LGIH,ITIC,EXSR,AAPL,APOG, release date:Mar 16, 2020
- 03/16/2020
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Five Small Stock Bargains For When The Panic Subsides
- Fear is driving markets. When the panic subsides, consider these solid Nasdaq small caps.
- 03/16/2020
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5 Nasdaq Stocks for the Moment You're Ready to Buy
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Kimball International Inc (NASDAQ:KBAL) Short Interest Update
- Kimball International Inc (NASDAQ:KBAL) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 234,300 shares, a growth of 30.4% from the February 13th total of 179,700 shares. Currently, 0.7% of the shares of the company are sold short. Based on […]
- 03/15/2020
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Charles Schwab Investment Management Inc. Sells 111,021 Shares of Kimball International Inc (NASDAQ:KBAL)
- Charles Schwab Investment Management Inc. reduced its stake in shares of Kimball International Inc (NASDAQ:KBAL) by 33.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 222,285 shares of the company’s stock after selling 111,021 shares during the period. Charles Schwab Investment Management Inc. owned […]
- 03/14/2020
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Office Furniture Market 2020-2024|Growing Demand for Modern and Luxury Furniture to Boost Growth | Technavio
- The office furniture market is poised to grow by USD 22.67 bn during 2020-2024
- 03/12/2020
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Stocks That Hit 52-Week Lows On Thursday
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Stocks That Hit 52-Week Lows On Wednesday
- During Wednesday's morning session, 690 stocks hit new 52-week lows.
Intriguing Points:
Boeing (NYSE: BA) was the biggest company on a market cap basis to set a new...
- 03/11/2020
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Kimball International (NASDAQ:KBAL) Downgraded to "Strong Sell" at BidaskClub
- Kimball International (NASDAQ:KBAL) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Tuesday, BidAskClub reports. Separately, ValuEngine upgraded shares of Kimball International from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. NASDAQ:KBAL opened at $13.22 […]
- 03/10/2020
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Mackay Shields LLC Boosts Holdings in Kimball International Inc (NASDAQ:KBAL)
- Mackay Shields LLC boosted its holdings in Kimball International Inc (NASDAQ:KBAL) by 47.9% in the 4th quarter, HoldingsChannel reports. The firm owned 117,600 shares of the company’s stock after purchasing an additional 38,100 shares during the quarter. Mackay Shields LLC’s holdings in Kimball International were worth $2,431,000 at the end of the most recent reporting […]
- 03/07/2020
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Bank of Montreal Can Acquires 112,270 Shares of Kimball International Inc (NASDAQ:KBAL)
- Bank of Montreal Can lifted its stake in Kimball International Inc (NASDAQ:KBAL) by 102.7% during the 4th quarter, Holdings Channel reports. The firm owned 221,538 shares of the company’s stock after acquiring an additional 112,270 shares during the period. Bank of Montreal Can’s holdings in Kimball International were worth $4,579,000 at the end of the […]
- 03/07/2020
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Ron Katz Retires as Board Chairman at Elkay Manufacturing Company
- Elkay Manufacturing Company today announced the retirement of Chairman of the Board Ron Katz. Elkay is an American-owned and operated manufacturer of plumbing and water delivery products. Elkay is also parent to Elkay Interior Systems, a global interior design, and manufacturing company; and Elkay Commercial
- 03/03/2020
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Kimball International (NASDAQ:KBAL) Stock Rating Upgraded by ValuEngine
- Kimball International (NASDAQ:KBAL) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Tuesday, ValuEngine reports. Separately, BidaskClub lowered shares of Kimball International from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Shares of NASDAQ:KBAL opened at […]
- 03/03/2020
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The GLOBAL ONLINE FURNITURE MARKET is expected to grow by USD 84.26 bn during 2020-2024, progressing at a CAGR of 16% during the forecast period
- New York, March 02, 2020 -- Reportlinker.com announces the release of the report "GLOBAL ONLINE FURNITURE MARKET 2020-2024" -.
- 03/02/2020
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Kimball International Inc (NASDAQ:KBAL) Short Interest Update
- Kimball International Inc (NASDAQ:KBAL) was the target of a large growth in short interest in the month of February. As of February 14th, there was short interest totalling 141,700 shares, a growth of 8.5% from the January 30th total of 130,600 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average […]
- 02/29/2020
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Kimball International (NASDAQ:KBAL) Lowered to "Sell" at ValuEngine
- ValuEngine cut shares of Kimball International (NASDAQ:KBAL) from a hold rating to a sell rating in a research report report published on Tuesday morning, ValuEngine reports. Separately, BidaskClub downgraded shares of Kimball International from a hold rating to a sell rating in a report on Tuesday, February 4th. Kimball International stock opened at $17.42 on […]
- 02/26/2020
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Kimball International Is A Great Opportunity In This Market
- While every other furniture company focuses on home and commercial, Kimball International has made great inroads into two under-represented furniture sub-segmen
- 02/24/2020
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Kimball International Inc (KBAL) to Issue Quarterly Dividend of $0.09 on April 15th
- Kimball International Inc (NASDAQ:KBAL) announced a quarterly dividend on Wednesday, February 12th, Wall Street Journal reports. Stockholders of record on Wednesday, March 25th will be given a dividend of 0.09 per share on Wednesday, April 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is […]
- 02/14/2020
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The Global Office Furniture Market is expected to grow by USD 22.67 bn during 2020-2024, progressing at a CAGR of 6% during the forecast period
- New York, Feb. 13, 2020 -- Reportlinker.com announces the release of the report "Global Office Furniture Market 2020-2024" -.
- 02/13/2020
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The Global Office Furniture Market is expected to grow by USD 22.67 bn during 2020-2024, progressing at a CAGR of 6% during the forecast period
- New York, Feb. 12, 2020 -- Reportlinker.com announces the release of the report "Global Office Furniture Market 2020-2024" -.
- 02/12/2020
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The Global Office Furniture Market is expected to grow by USD 22.67 bn during 2020-2024, progressing at a CAGR of 6% during the forecast period
- New York, Feb. 11, 2020 -- Reportlinker.com announces the release of the report "Global Office Furniture Market 2020-2024" -.
- 02/11/2020
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Kimball International, Inc. Declares Dividend
- JASPER, Ind., Feb. 11, 2020 -- Kimball International, Inc. (NASDAQ: KBAL) The Board of Directors of Kimball International, Inc. held a Board meeting during which they declared.
- 02/11/2020
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Kimball International, Inc.Declares Dividend
- JASPER, Ind., Feb. 11, 2020 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) The Board of Directors of Kimball International, Inc. held a...
- 02/11/2020
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Kimball International, Inc. Declares Dividend
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Edited Transcript of KBAL earnings conference call or presentation 5-Feb-20 4:00pm GMT
- Q2 2020 Kimball International Inc Earnings Call
- 02/10/2020
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Edited Transcript of KBAL earnings conference call or presentation 5-Feb-20 4:00pm GMT
- Q2 2020 Kimball International Inc Earnings Call
- 02/10/2020
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Office Furniture Market 2020-2024 | Growing Demand for Modern and Luxury Furniture to Boost Growth | Technavio
- The office furniture market is poised to grow by USD 22.67 bn during 2020-2024, according to Technavio
- 02/07/2020
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Global Electronics Contract Manufacturing Services Market (2016 to 2025) - Featuring Flex, Asteelflash, Pegatron & Kimball International Among Others - ResearchAndMarkets.com
- The "Electronics Contract Manufacturing Services Market by Process and by Application: Global Industry Perspective, Comprehensive Analysis, and Forecast 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
- 02/06/2020
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Kimball International Inc (KBAL) Q2 2020 Earnings Call Transcript
- KBAL earnings call for the period ending December 31, 2019.
- 02/05/2020
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Kimball International, Inc. (KBAL) CEO Kristie Juster on Q2 2020 Results - Earnings Call Transcript
- Kimball International, Inc. (NASDAQ:KBAL) Q2 2020 Earnings Conference Call February 5, 2020 11:00 A.M. ET Company Participants Kristie Juster - Chief Executive
- 02/05/2020
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Kimball International: Fiscal 2Q Earnings Snapshot
- JASPER, Ind. (AP) _ Kimball International Inc. (KBAL) on Tuesday reported fiscal second-quarter profit of $11 million. On a per-share basis, the Jasper, Indiana-based company said it had profit of 30 cents. Earnings, adjusted for restructuring costs and non-recurring costs, came to 33 cents per share. The furniture maker posted revenue of $192.2 million in the period. Kimball International shares have fallen almost 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.84, a climb of 29% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KBAL at https://www.zacks.com/ap/KBAL
- 02/04/2020
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Kimball International: Fiscal 2Q Earnings Snapshot
- JASPER, Ind. (AP) _ Kimball International Inc. (KBAL) on Tuesday reported fiscal second-quarter profit of $11 million.
On a per-share basis, the Jasper, Indiana-based company said it had profit of 30 cents. Earnings, adjusted for restructuring costs
- 02/04/2020
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Kimball International Q2 EPS $0.33 Up From $0.26 YoY, Sales $192.164M Down From $201.008M YoY
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Kimball International, Inc. Reports Second Quarter Results
- Sales decreased 4%, in line with expectationsStrong order growth of 13% driven by both Office and HospitalityTransformation Plan cost savings of $7.1 million exceeded.
- 02/04/2020
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Kimball International (KBAL) Set to Announce Earnings on Tuesday
- Kimball International (NASDAQ:KBAL) is scheduled to release its earnings data after the market closes on Tuesday, February 4th. Persons interested in registering for the company’s earnings conference call can do so using this link. Kimball International (NASDAQ:KBAL) last released its earnings results on Monday, November 4th. The company reported $0.40 earnings per share for the […]
- 02/02/2020
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Does Market Volatility Impact Kimball International, Inc.'s (NASDAQ:KBAL) Share Price?
- If you're interested in Kimball International, Inc. (NASDAQ:KBAL), then you might want to consider its beta (a measure...
- 01/27/2020
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Is There More To The Story Than Kimball International’s (NASDAQ:KBAL) Earnings Growth?
- Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit...
- 01/24/2020
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6 Furnishings Fixtures & Appliances Stocks Moving In Tuesday's Session
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Bowling Portfolio Management LLC Has $719,000 Stock Position in Kimball International Inc (NASDAQ:KBAL)
- Bowling Portfolio Management LLC reduced its stake in shares of Kimball International Inc (NASDAQ:KBAL) by 41.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 34,785 shares of the company’s stock after selling 25,010 shares during the period. Bowling Portfolio Management LLC owned approximately 0.09% of Kimball […]
- 01/20/2020
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Kimball International (NASDAQ:KBAL) Upgraded at BidaskClub
- Kimball International (NASDAQ:KBAL) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, BidAskClub reports. Separately, ValuEngine downgraded shares of Kimball International from a “hold” rating to a “sell” rating in a report on Friday, November 29th. Shares of NASDAQ:KBAL opened at $20.95 on Thursday. […]
- 01/16/2020
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BKD Wealth Advisors LLC Has $291,000 Holdings in Kimball International Inc (NASDAQ:KBAL)
- BKD Wealth Advisors LLC cut its holdings in shares of Kimball International Inc (NASDAQ:KBAL) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,066 shares of the company’s stock after selling 729 shares during the quarter. BKD Wealth […]
- 01/15/2020
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Kimball International Consolidates Manufacturing Operations and Centralizes Corporate Business Practices
- Kimball International, Inc. (KBAL) will consolidate its manufacturing operations and implement a company-wide approach to all corporate business practices including legal, compliance, and Environmental, Social and Governance (ESG). This plan is designed to enable the Kimball International Connect Strategy through increasing value across our business units and the enterprise. Greg Meunier has been promoted to Executive Vice President, Kimball International Global Operations and Mark Johnson will join the company as Chief Legal, Governance Officer and Corporate Secretary.
- 01/13/2020
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Kimball International Consolidates Manufacturing Operations and Centralizes Corporate Business Practices
- Executive moves reflect the company's commitment to maximizing operational efficiency and increasing value for customers and shareholders
- 01/13/2020
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What Kind Of Share Price Volatility Should You Expect For Kimball International, Inc. (NASDAQ:KBAL)?
- If you own shares in Kimball International, Inc. (NASDAQ:KBAL) then it's worth thinking about how it contributes to...
- 01/13/2020
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Dividend Challenger Highlights: Week Of January 12
- A weekly summary of dividend activity for Dividend Challengers. Companies which declared increased dividends. Companies with upcoming ex-dividend dates. Compani
- 01/11/2020
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Kimball International, Inc. to Announce Second Quarter Fiscal Year 2020 Financial Results
- JASPER, Ind., Jan. 09, 2020 -- Kimball International, Inc. (NASDAQ: KBAL) will announce its second quarter fiscal year 2020 financial results on Tuesday, February 04, 2020,.
- 01/09/2020
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Kimball International, Inc. to Announce Second Quarter Fiscal Year 2020 Financial Results
- JASPER, Ind., Jan. 09, 2020 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) will announce its second quarter fiscal year 2020 financial...
- 01/09/2020
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Did Kimball International, Inc.'s (NASDAQ:KBAL) Recent Earnings Growth Beat The Trend?
- Assessing Kimball International, Inc.'s (NasdaqGS:KBAL) performance as a company requires looking at more than just a...
- 01/02/2020
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Do Hedge Funds Love Kimball International Inc (KBAL)?
- Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in Q4 of 2018 due to various reasons. Nevertheless, the data show elite investors' consensus picks have done well on average over the long-term. The top 20 stocks among hedge funds beat […]
- 12/20/2019
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Does Kimball International (NASDAQ:KBAL) Deserve A Spot On Your Watchlist?
- Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
- 12/05/2019
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Edited Transcript of KBAL earnings conference call or presentation 5-Nov-19 4:00pm GMT
- Q1 2020 Kimball International Inc Earnings Call
- 11/22/2019
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The Kimball International (NASDAQ:KBAL) Share Price Has Gained 112%, So Why Not Pay It Some Attention?
- The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...
- 11/13/2019
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3 Stocks Growing Earnings Very Fast
- They are set to beat the S&P; 500 Continue reading...
- 11/11/2019
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' Stocks Growing Earnings Very Fast
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Kimball International, Inc. (KBAL) CEO Kristie Juster on Q1 2020 Results - Earnings Call Transcript
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Kimball International to Participate in the Baird 2019 Global Industrial Conference in Chicago
- JASPER, Ind., Nov. 05, 2019 -- Kimball International, Inc. (NASDAQ: KBAL), an Indiana-based manufacturer, today announced that Kristie Juster, CEO, and Michelle Schroeder, CFO,.
- 11/05/2019
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Stocks That Hit 52-Week Highs On Tuesday
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Kimball International, Inc. Reports First Quarter Results
- Growth Continues to be led by Healthcare +18% and Hospitality +8%Transformation Plan exceeds expectations delivering $5.6 million cost savings in the quarterOperating Income.
- 11/04/2019
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Kimball International Q1 EPS $0.31, Same YoY, Sales $201.452M Up From $194.123M YoY
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Do Hedge Funds Love Kimball International Inc (KBAL)?
- It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]
- 11/01/2019
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Can This Stock Already Outpacing 97% Of All Stocks Furnish A New Breakout?
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Kimball International: Featured Stock In October's Exec Comp And ROIC Model Portfolio
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Shareholders Are Loving Kimball International, Inc.'s (NASDAQ:KBAL) 1.5% Yield
- Dividend paying stocks like Kimball International, Inc. (NASDAQ:KBAL) tend to be popular with investors, and for good...
- 10/24/2019
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Kimball International, Inc. Holds Annual Meeting of Shareholders and Declares Dividend
- JASPER, Ind., Oct. 22, 2019 -- Kimball International, Inc. (NASDAQ: KBAL) At the 2019 Annual Meeting of Shareholders of Kimball International, Inc. (Nasdaq: KBAL), the.
- 10/22/2019
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Kimball International, Inc. Holds Annual Meeting of Shareholders and Declares Dividend
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Kimball International Inc (KBAL) Files –…-K for the Fiscal Year Ended on June '…, —…–9
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Kimball International's (KBAL) CEO Kristie Juster on Q4 2019 Results - Earnings Call Transcript
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Kimball International Q4 EPS $0.32 Up From $0.28 YoY, Sales $195.57M Up From $184.512M YoY
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