The Benchmark Company initiated coverage on Kimball with a new price target
$KBAL
Home Furnishings
Consumer Discretionary
The Benchmark Company initiated coverage of Kimball with a rating of Buy and set a new price target of $80.00
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| 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
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-
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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.
Kimball International (NASDAQ:KBAL) reported its Q3 earnings results on Thursday, May 4, 2023 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Kimball International beat estimated earnings by 1400.0%, reporting an EPS of $0.3 versus an estimate of $0.02. Revenue was down $14.73 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.02 which was followed by a 3.87% drop in the share price the next day. Here's a look at Kimball International's past performance: Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022 EPS Estimate 0.10 0.12 0.11 EPS Actual 0.08 0.13 0.24 0.21 Revenue Estimate 177.75M 176.70M 182.
Kimball International (NASDAQ:KBAL) reported quarterly earnings of $0.30 per share which beat the analyst consensus estimate of $0.02 by 1400 percent. This is a 42.86 percent increase over earnings of $0.21 per share from the same period last year. The company reported quarterly sales of $166.18 million which beat the analyst consensus estimate of $161.83 million by 2.69 percent. This is a 8.14 percent decrease over sales of $180.92 million the same period last year.
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