In a bold move that has piqued the interest of investors, StockNews.com has recently initiated coverage on shares of Kimball International (NASDAQ: KBAL). With a “buy” rating bestowed upon the stock, shareholders are left captivated by the potential that lies ahead.
MUSCATINE, Iowa – Office and contract furniture giant HNI acquired fellow office furniture leader Kimball early March for $455 million. That transaction has now cleared antitrust review through the Hart-Scott-Rodino Antitrust Improvements Act.
HNI expects the transaction to close in early June following satisfaction of customary closing conditions and approval by the Kimball shareholders at the special shareholder meeting set for May 31.
MUSCATINE, Iowa – Office and contract furniture giant HNI Corp. has acquired Kimball, another big player in the office furniture space. The cash and stock transaction is valued at $485 million.
Under the terms of the agreement, Kimball shareholders will receive $9 in cash and 0.1301 shares of HNI common stock for each share of Kimball International common stock they own. As a result of the transaction, Kimball shareholders will own approximately 10% of the combined company.
Kimball International (NASDAQ:KBAL) is set to post its quarterly earnings results after the market closes on Thursday, February 2nd. Kimball International has set its FY 2023 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
Kimball International announced today it has earned the WELL Health-Safety Rating for its recently renovated Headquarters Campus in Jasper, Indiana, through the International WELL Building Institute (IWBI™).
The WELL HealthSafety Rating is an evidence-based, third-party-verified rating for all new and existing building and space types. The rating takes into account operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment now and into the future.
Kimball International announced 10 scholarships were awarded to local students pursuing their higher education.
The Kimball International Scholarships Program awards multiple $2,000 scholarships to high-achieving young women and men each year and is funded by the Kimball International-Habig Foundation. Since the scholarship program was established in 1963, a total of over $3.5 million in scholarship funds have been granted.
JASPER, Ind., May 04, 2021 (GLOBE NEWSWIRE) — Kimball International, Inc. (NASDAQ: KBAL) today announced results for the quarter ended March 31, 2021.
Selected Financial Highlights:
Third Quarter FY 2021
JASPER, Ind., Jan. 14, 2021 (GLOBE NEWSWIRE) — Kimball International, Inc. (NASDAQ: KBAL) will announce its second quarter fiscal year 2021 financial results on Thursday, February 4, 2021, after the close of the market.
The Company will host a conference call on Thursday, February 4, 2021, at 5:00 p.m. ET to review its financial performance.
Last week, Kimball International announced it would be reorganizing the company to address changes in the industry brought about by the pandemic.
The new organization is comprised of four market-centric business units; Workplace, Health, Hospitality, and eBusiness. According to the company, the new organization will enable it to maximize growth opportunities in today’s marketplace. This next phase of the Kimball International Connect Strategy designated Connect 2.0, specifically addresses the changing industry dynamics brought about by the COVID-19 health crisis and its aftermath.
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