MUSCATINE, Iowa – Office and contract furniture giant HNI reported $588 million in first quarter sales, a 22.7% increase over the same period last year. Just like last quarter, however, it should be noted a bulk of this increase is due to HNI’s purchase of competing contract furniture giant Kimball in March of last year. When looking at organic sales without Kimball, sales fell 8.1%.
MUSCATINE, Iowa – Office and contract furniture giant HNI reported $679.8 million in fourth quarter consolidated net sales, a gain of 19% from last year, largely thanks to its acquisition of Kimball last year. Not counting the acquisition, organic sales fell 6.4%.
Earnings per share rose 23% from last year, while operating margin expanded 410 basis points. Reasons for the improved margin were price-cost improvement, productivity gains and benefits from recent cost savings initiatives.
Commercial furnishings manufacturer Kimball International recently announced that it has received three Best of Year (BoY) Awards from Interior Magazine. The awards recognize designers, manufacturers, and architects around the world to both showcase modern design and indicate the direction of future trends.
Jasper — Kimball International is excited to announce that the third season of its Alternative Design podcast is now available. In addition to the podcast, they have also created a new blog that accompanies the topics covered throughout the podcast.
Jasper — Kimball International is proud to announce that all seven of their showroom locations, including their Headquarters facility, have received the WELL Equity Rating.
MUSCATINE, Iowa – HNI has announced the completion of its acquisition of fellow office and contract furniture giant Kimball. HNI acquired Kimball early March for $455 million.
“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 CEO. “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 the significant benefits we will deliver to our shareholders, members, dealers and customers.”
The State Board of Administration of Florida Retirement System has recently announced that they have decreased their stake in Kimball International, Inc., a prominent industrial company trading on the NASDAQ under the ticker symbol KBAL. According to their latest disclosure with the Securities and Exchange Commission (SEC), the institutional investor lowered its holdings by 29.9% in the fourth quarter.
JASPER, Ind. – Contract furniture manufacturer Kimball has reported $183 million in second quarter net sales, a 21% increase over last year.
Kimball reported a 15% increase in workplace furniture sales, a 17% increase in health furniture sales and a 64% increase in hospitality sales.
JASPER, Ind. – Contract furniture manufacturer Kimball has reported $183 million in second quarter net sales, a 21% increase over last year.
Kimball reported a 15% increase in workplace furniture sales, a 17% increase in health furniture sales and a 64% increase in hospitality sales.
JASPER — Kimball International announces that its corporate headquarters in Jasper, Indiana, has earned WELL Certified™ Platinum through the International WELL Building Institute (IWBI). Earlier this year, Kimball International was one of the first furniture manufacturers to have multiple corporate showrooms obtain the WELL Health-Safety Rating. This next designation marks an important achievement and visible commitment to supporting the health and well-being of their staff, visitors, and stakeholders, as well as the broader community.
Enter your email here and we will tell you when this news page is updated.
JSA CONSULTANCY SERVICES
5a Wilmington Square, Clerkenwell,
London, WC1X 0ES, England
