Kimball International, Inc. designs, manufactures, and sells furniture products under the Kimball, National, Kimball Hospitality, and D'style by Kimball Hospitality brands in the United States and internationally. The company offers office furniture, including desks, tables, seating, bookcases, and filing and storage units for federal, state, and local government offices, as well as other government related entities; and furniture solutions, such as headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and commercial and residential mixed use developments. Its furniture solutions are used in collaborative and open work space areas, conference and meeting/huddle rooms, training rooms, private offices, learning areas, classrooms, lobby/reception areas, and dining/café areas with a mix of wood, metal, laminate, paint, fabric, solid surface, and plastic options. In addition, the company offers patient/exam room and lounge seating, and casegoods for the healthcare market. It markets and sells its products through sales representatives, office furniture dealers, wholesalers, brokers, designers, purchasing companies, and catalog houses to end users. The company was formerly known as The Jasper Corporation and changed its name to Kimball International, Inc. in July 1974. Kimball International, Inc. was incorporated in 1939 and is headquartered in Jasper, Indiana.
IPO Year:
Exchange: NASDAQ
Website: kimballinternational.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/30/2022 | $80.00 | Buy | The Benchmark Company |
The Benchmark Company initiated coverage of Kimball with a rating of Buy and set a new price target of $80.00
B. Riley FBR initiated coverage of Kimball International with a rating of Buy and set a new price target of $17.00
B. Riley Securities initiated coverage of Kimball with a rating of Buy
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HNI Corporation (NYSE:HNI) announced today the completion of its acquisition of Kimball International, Inc. (NASDAQ:KBAL), a leading commercial furnishings company with expertise in workplace, health, and hospitality. "The completion of the Kimball International acquisition represents a new chapter as we bring together two strong, successful companies with similar cultures and well-established families of brands," said Jeff Lorenger, HNI Corporation's Chairman, President, and Chief Executive Officer. "The combined companies will have an unmatched comprehensive product offering positioned to benefit from post-pandemic trends. I'm privileged to lead this talented team and look forward to th
JASPER, Ind., May 31, 2023 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ:KBAL) today announced that its shareholders approved the adoption of the merger agreement with HNI Corporation (NYSE:HNI). The transaction is expected to close on June 1, 2023. 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
HNI Corporation (NYSE:HNI) today announced sales for the first quarter ended April 1, 2023 of $479.1 million and net income of $1.6 million. GAAP net income per diluted share was $0.04, compared to $0.33 in the prior year. Non-GAAP net income per diluted share was $0.13, compared to $0.33 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release. First Quarter Highlights Profit growth actions in Workplace Furnishings delivering results. A return of annual net productivity savings, benefits from streamlining efforts and cost actions implemented in 2022, and continued improvement of price-cost provided profitability support in the first quarter.
—Fifth Consecutive Quarter of Gross Margin Expansion——Industry-Leading Operational Performance at Pre-Pandemic Levels——34% Growth in Adjusted EBITDA Year-Over-Year— JASPER, Ind., May 04, 2023 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ:KBAL) today announced results for the third quarter ended March 31, 2023. Selected Financial Highlights: Third Quarter FY 2023 Net sales of $166.1 millionGross margin expanded 710 basis points to 37.6%Net income of $5.7 million; Adjusted net income of $11.2 millionDiluted EPS of $0.15; Adjusted diluted EPS was $0.30Adjusted EBITDA of $15.4 million, up $3.9 million year-over-yearBacklog of $134.5 million Management Commentary CEO Kristie Ju
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. About Kimball International, Inc. Kimball International is a leading omnichannel commercial furnishings company with deep expertise in the Workplace, Health, and Hospitality markets. We combine our bold entrepreneurial spirit, a history of craftsmanship and today's design-
Highly Complementary Portfolio Broadens Product Offering and Expands Reach in High-Growth Markets Accelerates HNI's Growth in Workplace Furnishings Segment Brings Together Two Great Companies with Similar Cultures and Values HNI to Host Conference Call and Webcast Today, March 8, at 7:30 AM CT / 8:30 AM ET 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
JASPER, Ind., Feb. 06, 2023 (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 14, 2023, to shareholders of record on March 24, 2023. About Kimball International, Inc.Kimball International is a leading omnichannel commercial furnishings company with deep expertise in the Workplace, Health, and Hospitality markets. 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, shar
--Strong Growth in Sales and Operating Profits----Leadership in Ancillary Products and Secondary Geographies Continues to Drive Industry-leading Performance----Maintains Fiscal 2023 Guidance for Adjusted EBITDA Growth of 47% Despite Industry Headwinds-- JASPER, Ind., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ:KBAL) today announced results for the second quarter ended December 31, 2022. Selected Financial Highlights: Second Quarter FY 2023 Net sales of $183 million, increased 21% year-over-yearGross margin expanded 550 basis points to 36.2%Net loss of $36.1 million inclusive of a non-cash charge; Adjusted net income of $3.0 millionDiluted EPS of $(0.99); Adju
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. To join the call, dial 1-833-535-2198 or internationally 1-412-317-0667 approximately ten minutes prior and tell the operator you wish to join Kimball International's conference call. The live webcast can be accessed at www.ir.kimballinternational.com. For those unable to participate in the live event, the call will be archived at www.ir.kim
--Positive Momentum Continued with Profitability More than Doubling Year-on-Year----Workplace and Health Markets Delivered 20% Year-over-Year Revenue Growth----Favorable Product and Geographic Mix Continue to Drive Market Share Gains----Re-Affirms Fiscal 2023 Guidance for Revenue Growth of 15% and Adjusted EBITDA Growth of 47%, at the Midpoints-- JASPER, Ind., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ:KBAL) today announced results for the first quarter ended September 30, 2022. Selected Financial Highlights: First Quarter FY 2023 Net sales of $177.8 million, increased 14% year-over-yearGross margin expanded 220 basis points to 33.5%Net income of $6.6 millio
HNI Corporation (NYSE:HNI) today announced sales for the first quarter ended April 1, 2023 of $479.1 million and net income of $1.6 million. GAAP net income per diluted share was $0.04, compared to $0.33 in the prior year. Non-GAAP net income per diluted share was $0.13, compared to $0.33 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release. First Quarter Highlights Profit growth actions in Workplace Furnishings delivering results. A return of annual net productivity savings, benefits from streamlining efforts and cost actions implemented in 2022, and continued improvement of price-cost provided profitability support in the first quarter.
—Fifth Consecutive Quarter of Gross Margin Expansion——Industry-Leading Operational Performance at Pre-Pandemic Levels——34% Growth in Adjusted EBITDA Year-Over-Year— JASPER, Ind., May 04, 2023 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ:KBAL) today announced results for the third quarter ended March 31, 2023. Selected Financial Highlights: Third Quarter FY 2023 Net sales of $166.1 millionGross margin expanded 710 basis points to 37.6%Net income of $5.7 million; Adjusted net income of $11.2 millionDiluted EPS of $0.15; Adjusted diluted EPS was $0.30Adjusted EBITDA of $15.4 million, up $3.9 million year-over-yearBacklog of $134.5 million Management Commentary CEO Kristie Ju
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. About Kimball International, Inc. Kimball International is a leading omnichannel commercial furnishings company with deep expertise in the Workplace, Health, and Hospitality markets. We combine our bold entrepreneurial spirit, a history of craftsmanship and today's design-
Highly Complementary Portfolio Broadens Product Offering and Expands Reach in High-Growth Markets Accelerates HNI's Growth in Workplace Furnishings Segment Brings Together Two Great Companies with Similar Cultures and Values HNI to Host Conference Call and Webcast Today, March 8, at 7:30 AM CT / 8:30 AM ET 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
JASPER, Ind., Feb. 06, 2023 (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 14, 2023, to shareholders of record on March 24, 2023. About Kimball International, Inc.Kimball International is a leading omnichannel commercial furnishings company with deep expertise in the Workplace, Health, and Hospitality markets. 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, shar
--Strong Growth in Sales and Operating Profits----Leadership in Ancillary Products and Secondary Geographies Continues to Drive Industry-leading Performance----Maintains Fiscal 2023 Guidance for Adjusted EBITDA Growth of 47% Despite Industry Headwinds-- JASPER, Ind., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ:KBAL) today announced results for the second quarter ended December 31, 2022. Selected Financial Highlights: Second Quarter FY 2023 Net sales of $183 million, increased 21% year-over-yearGross margin expanded 550 basis points to 36.2%Net loss of $36.1 million inclusive of a non-cash charge; Adjusted net income of $3.0 millionDiluted EPS of $(0.99); Adju
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. To join the call, dial 1-833-535-2198 or internationally 1-412-317-0667 approximately ten minutes prior and tell the operator you wish to join Kimball International's conference call. The live webcast can be accessed at www.ir.kimballinternational.com. For those unable to participate in the live event, the call will be archived at www.ir.kim
--Positive Momentum Continued with Profitability More than Doubling Year-on-Year----Workplace and Health Markets Delivered 20% Year-over-Year Revenue Growth----Favorable Product and Geographic Mix Continue to Drive Market Share Gains----Re-Affirms Fiscal 2023 Guidance for Revenue Growth of 15% and Adjusted EBITDA Growth of 47%, at the Midpoints-- JASPER, Ind., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ:KBAL) today announced results for the first quarter ended September 30, 2022. Selected Financial Highlights: First Quarter FY 2023 Net sales of $177.8 million, increased 14% year-over-yearGross margin expanded 220 basis points to 33.5%Net income of $6.6 millio
JASPER, Ind., Oct. 20, 2022 (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 January 13, 2023, to shareholders of record on December 20, 2022. About Kimball International, Inc.Kimball International is a leading omnichannel commercial furnishings company with deep expertise in the Workplace, Health, and Hospitality markets. 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,
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. The Company will host a conference call on Thursday, November 3, 2022, at 5:00 p.m. ET to review its financial performance. To join the call, dial 1-877-270-2148 or internationally 1-412-902-6510 approximately ten minutes prior and tell the operator you wish to join Kimball International's conference call. The live webcast can be accessed at www.ir.kimballinternational.com. For those unable to participate in the live event, the call will be archived at www.ir.kimballinte