Filed by Kimball International, Inc. | ||||||||||||||
pursuant to Rule 425 under the Securities Act of 1933, | ||||||||||||||
as amended, and deemed filed pursuant to Rule 14a-12 | ||||||||||||||
under the Securities Exchange Act of 1934, as amended | ||||||||||||||
Subject Company: Kimball International, Inc. | ||||||||||||||
Exchange Act File No.: 000-03279 | ||||||||||||||
Date: May 31, 2023 |
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Recent Analyst Ratings for $KBAL
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/30/2022 | $80.00 | Buy | The Benchmark Company |
HNI Corporation Completes Acquisition of Kimball International
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
Kimball International Shareholders Approve Transaction with HNI Corporation
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 Reports Earnings for First Quarter Fiscal Year 2023
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.
The Benchmark Company initiated coverage on Kimball with a new price target
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 on Kimball International with a new price target
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 on Kimball
B. Riley Securities initiated coverage of Kimball with a rating of Buy
SEC Form 4 filed by Juster Kristine L
4 - KIMBALL INTERNATIONAL INC (0000055772) (Issuer)
SEC Form 4 filed by Nicholson Lonnie P
4 - KIMBALL INTERNATIONAL INC (0000055772) (Issuer)
SEC Form 4 filed by Johnson Mark W
4 - KIMBALL INTERNATIONAL INC (0000055772) (Issuer)
SEC Form 15-12G filed by Kimball International Inc.
15-12G - KIMBALL INTERNATIONAL INC (0000055772) (Filer)
SEC Form S-8 POS filed by Kimball International Inc.
S-8 POS - KIMBALL INTERNATIONAL INC (0000055772) (Filer)
SEC Form S-8 POS filed by Kimball International Inc.
S-8 POS - KIMBALL INTERNATIONAL INC (0000055772) (Filer)
HNI Corporation Reports Earnings for First Quarter Fiscal Year 2023
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.
Kimball International, Inc. Reports Third Quarter 2023 Results
—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
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. 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-
SEC Form SC 13G/A filed by Kimball International Inc. (Amendment)
SC 13G/A - KIMBALL INTERNATIONAL INC (0000055772) (Subject)
SEC Form SC 13G filed by Kimball International Inc.
SC 13G - KIMBALL INTERNATIONAL INC (0000055772) (Subject)
SEC Form SC 13G/A filed by Kimball International Inc. (Amendment)
SC 13G/A - KIMBALL INTERNATIONAL INC (0000055772) (Subject)