Welcome to JSA Consultancy Services

A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Kimball sales down 20%

Thursday 6 August 2009

Kimball International Inc. posted a profit during its fiscal fourth quarter despite declining sales.
Jasper, Indiana-based Kimball reported net income of $2.8 million, or 8 cents per share, for the quarter ended June 30, compared with a loss of $9.8 million, or 27 cents, a year earlier.
The maker of office furniture and contract electronic components, reported fourth-quarter revenue of $271.5 million, down 20 percent from the year-earlier period, when it had revenue of $338.2 million.
The company attributed the sales decline to volatility in the office-furniture market and continued softness in the electronics-manufacturing segment.
In a news release, Kimball president and CEO James C. Thyen pointed out that sales in the electronics division grew 8 percent over the company’s fiscal third quarter, hinting at signs of recovery in the marketplace.
“There are pockets of growth in the economy, but uncertainty remains high on when we will see a sustained stability take hold in each of our markets,” Thyen said in the release. “We remain committed to creating a leaner operating environment and investing prudently in product development and innovation, providing an opportunity for growth and improved profitability as the economy recovers.”
For the full fiscal year 2009, Kimball had net income of $17.3 million, or 47 cents per share, compared with a loss of $46,000, or 0 cents per share, in fiscal 2008.
Revenue declined to $1.2 billion from $1.4 billion.

Subscribe to our News Page

Enter your email here and we will tell you when this page is updated.

 

 

moreLatest News

Tuesday 7 November 2017 Kimball reports Q1 results and unveils acquisition of D’style Inc.

(NASDAQ:KBAL) announced the following results for the quarter ended September 30, 2017: First qua

Tuesday 31 October 2017 Broadstock Office Furniture wins major university contract

Macclesfield-based Broadstock Office Furniture has won a major contract to furnish the University of

Sunday 22 October 2017 Martela Corporation: Martela's Outlook for 2017

MARTELA CORPORATION STOCK EXCHANGE RELEASE 23 OCT 2017 AT 5.00 P.M. The Martel

Sunday 22 October 2017 HNI Corporation Reports Earnings For Third Quarter Fiscal Year 2017

HNI Corporation (NYSE: HNI) today announced sales for the third quarter ended September 30, 2017 of

Contact Us

JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England


+44 (0) 20 7688 1928