Kimball Int'l (KBAL) Reports Q3 EPS of $0.27

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Kimball International, Inc. Reports Third Quarter Results

May 5, 2020 4:05 PM EDT

Strong EPS Growth Driven by Transformation Savings of $7.2 MillionModest Revenue Growth Despite COVID-19 Shipment Delays of Approximately $18 millionStrong Balance Sheet Provides Financial FlexibilityEight Manufacturing Facilities Currently Operating, up from Four in Late March

JASPER, Ind., May 05, 2020 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) today announced results for the quarter ended March 31, 2020.

Selected Financial Highlights:

Third Quarter FY 2020

Net sales increased 0.5% to $178.2 millionOperating income margin of 7.9%, or 7.5% on an adjusted basisNet income of $9.5 million, increased... More