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HNI clears anti-trust review after big Kimball acquisition, but sales fall

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10 May, 2023

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.

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Kimball International: Fiscal Q3 Earnings Snapshot

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4 May, 2023

JASPER, Ind. — JASPER, Ind. — Kimball International Inc. (KBAL) on Thursday reported profit of $5.7 million in its fiscal third quarter.

On a per-share basis, the Jasper, Indiana-based company said it had net income of 15 cents. Earnings, adjusted for non-recurring costs, were 30 cents per share.

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Kimball International (NASDAQ:KBAL) Coverage Initiated at StockNews.com

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3 May, 2023

StockNews.com began coverage on shares of Kimball International (NASDAQ:KBAL) in a note issued to investors on Wednesday. The brokerage set a “buy” rating on the stock.

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Kimball International (KBAL) Scheduled to Post Earnings on Thursday

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27 April, 2023

Kimball International (NASDAQ:KBAL ) will be issuing its quarterly earnings data after the market closes on Thursday, May 4th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Kimball International has set its FY 2023 guidance at EPS.

Read full article here: DEFENSEWORLD

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Kimball International (NASDAQ:KBAL) Coverage Initiated by Analysts at StockNews.com

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9 April, 2023

Equities research analysts at StockNews.com began coverage on shares of Kimball International (NASDAQ:KBAL) in a note issued to investors on Tuesday. The brokerage set a “buy” rating on the stock.

Read full article here: MARKETBEAT

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HNI Corporation to Acquire Kimball International

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8 March, 2023

MUSCATINE, Iowa & JASPER, Ind.–(BUSINESS WIRE)– HNI Corporation (NYSE: HNI) and Kimball International, Inc. (NASDAQ: KBAL) today announced that they have entered into a definitive agreement under which HNI will acquire all the outstanding shares of Kimball International in a cash and stock transaction valued at approximately $485 million.

Under the terms of the agreement, Kimball International shareholders will receive $9.00 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 International shareholders will own approximately 10% of the combined company.

Read full article here: FURNITURETODAY

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Kimball International (KBAL) to Release Earnings on Thursday

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26 January, 2023

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.

Read full article here: MARKETBEAT

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Kimball International HQ nationally recognized for health and safety practices

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Thursday, 03 June, 2021

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.

Read full article here: (Dubois County Free Press)

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Kimball International announces 10 scholarships

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Saturday, 29 May, 2021

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.

Read full article here: (Dubois County Free Press)

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Kimball International, Inc. Reports Third Quarter 2021 Results

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Tuesday, 04 May, 2021

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

  • Net sales of $138.7 million
  • Gross margin was 28.7%
  • Net loss of $4.5 million; Adjusted net loss was $1.0 million
  • Diluted EPS of $(0.12); Adjusted diluted EPS was $(0.03)
  • Adjusted EBITDA of $1.9 million
  • Backlog of $129.6 million
Read full article here: (Globe Newswire)

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