Kimball Int'l. Q3 Profit Grows - Quick Facts

(RTTNews) - Kimball International, Inc. (KBALB) reported higher third-quarter net income of $7.21 million, or $0.19 per Class B share, versus last year's $3.68 million, or $0.10 per Class B share.

Quarterly consolidated net sales of $310.8 million increased 3% from the prior-year quarter's $301.49 million on increased net sales in both the Electronic Manufacturing Services (EMS) segment and the Furniture segment.

James Thyen, President and Chief Executive, stated, "Our margin improvement in the Furniture segment in the third quarter was encouraging. As we focus on continued margin improvement, we are increasing our efforts in product development and making other strategic investments to accelerate growth and further strengthen our position in the furniture markets."