HNI Expects Kimball International To Add $215M To $225M Of Incremental Revenue To 2024 And Be Solidly Accretive To Earnings

Kimball International solidly accretive; estimated synergies move higher. Kimball International ("KII") added approximately $16 million to fourth quarter operating profit while generating an operating profit margin of approximately 11 percent. KII also added an estimated $0.07 to fourth quarter non-GAAP EPS. The Corporation now expects to achieve total annual cost synergies of $35 million. This is up from previous expectations of at least $25 million, which is now expected to be achieved in 2024—well ahead of the initially