• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

GameMax

Top Games Review

  • Submit
  • Disclaimers
  • About
  • DMCA
  • Privacy Policy
  • Contact

Kimball International, Inc. Reports Fourth Quarter and Fiscal Year 2018 Results

August 21, 2018

/EIN News/ — JASPER, Ind., Aug. 01, 2018 (GLOBE NEWSWIRE) — Kimball International, Inc. (NASDAQ: KBAL) today announced results for the quarter and fiscal year ended June 30, 2018. Highlights: Revenue growth of 7%, or 4% on an organic basis; highest quarterly sales in over 15 years at $184.5 million Strong order growth of 19% at $208 million, or 10% on an organic basis and adjusted for timing of price increases Significant growth of 33% in orders in hospitality vertical on an organic basis Transportation, steel and other commodity cost increases continued to put pressure on margins Operating cash flow increased 35% over prior year fourth quarter Our Kimball brand received “#MetropolisLikes” award by Metropolis Magazine for its Wilder seating collection The National brand Danville, KY, facility recognized with the 2017 Governor’s Safety and Health Award by the Kentucky Labor Cabinet Bob Schneider, Chairman and CEO, stated, “We ended fiscal year 2018 on a strong note with fourth quarter organic revenue growth of 4% throughout most of our market verticals. While we were encouraged with the growth, our margins in the quarter experienced pressure from higher transportation, steel and other commodity costs, which lowered profits. We are progressing with our cost…

Primary Sidebar

Recent Posts

  • Cambodian Senate leader starts official visit to Vietnam
  • Game engine developer Unity signs lucrative contract with US Defense
  • Where Is Xur Today? (August 5-9) – Destiny 2 Xur Location And Exotic Items Guide
  • The ‘micro-RPGs’ offering new perspectives on the genre’s overstuffed epics
  • EVE Online’s most notorious scam took 16 months of commitment
Copyright © 2023 GameMax. Power by Wordpress.
Home - About Us - Contact Us - Disclaimers - DMCA - Privacy Policy - Submit your story