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Thanks to Kimball acquisition, HNI sees major sales gains in fourth quarter

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Tuesday, 26 February 2024

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.

Read full article here: FURNITURE TODAY

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Kimball International Receives Three Awards from Interior Design Magazine

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Tuesday, 12 December 2023

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.

Read full article here: Spaces4Learning

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Kimball International announces third season of the Alternative Design Podcast and New Blog

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Monday, 9 October 2023

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.

Read full article here: DUBOIS COUNTY FREE PRESS

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Kimball International achieves WELL Equity Rating

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Friday, 29 September 2023

Jasper — Kimball International is proud to announce that all seven of their showroom locations, including their Headquarters facility, have received the WELL Equity Rating.

Read full article here: DUBOIS COUNTY FREE PRESS

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A new giant is born as HNI finalizes acquisition of Kimball

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1 June, 2023

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.”

Read full article here: FURNITURETODAY

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State Board of Administration of Florida Retirement System Decreases Stake in Kimball International Amidst Economic Uncertainty

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24 May, 2023

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.

Read full article here: BESTSTOCKS

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Office, contract furniture giant Kimball sees big sales gain

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8 February, 2023

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.

Read full article here: FURNITURE TODAY

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Office, contract furniture giant Kimball sees big sales gain

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8 February, 2023

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.

Read full article here: FURNITURETODAY

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Kimball International announces WELL certified™ platinum for corporate headquarters

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21 December, 2022

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.

Read full article here: THE HERALD

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