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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 International shares rise on impressive 4th quarter results

Monday 6 August 2012

Shares in Kimball International Inc.significant momentum following the announcement of impressive fourth quarter 2012 results on 2 August,
Fourth-quarter revenue increased 2.6% year over year to $290.1 million. Revenue for the Electronic Manufacturing Services segment grew 1.1% to $164.9 million. Furniture grew 5.0% to reach $125.3 million.
Kimball reported net income of $6.6 million or 18 cents per share, compared with $0.6 million or 2 cents in the year-ago quarter, primarily driven by exceptionally strong margin expansion in the reported quarter.
Kimball reported an operating income of $12.1 million, compared with loss of $0.8 million in the year-ago quarter, primarily driven by a strong gross margin (up 330 basis points) and lower Selling and Administration expense (down 4.2%). Restructuring actions have led to a lean cost structure, which helped margin expansion in the reported quarter.
Kimball shares are up 85.5% year to date, compared to a mere 8.9% increase for the S&P 500. The stock is currently above its 50 and 200 day moving averages of 8.45 and 7.08, respectively.
Headquartered in Jasper, Indiana, Kimball International was incorporated in 1939. The company manufactures and sells products under two segments: Electronic Manufacturing Services (60% of total revenue in fiscal 2011) and Furniture (40% of total revenue in fiscal 2011).
Kimball started producing wood Furniture in 1950, selling to offices and hospitals under different brand names. Kimball started providing EMS services much later in 1961. Currently, the company has eight manufacturing facilities through which it serves the medical, automotive, industrial and public safety markets

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