Kimball Int'l (KBAL) Tops Q4 EPS by 19c, Revenues Beat
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Kimball International, Inc. Reports Fourth Quarter and Fiscal Year 2020 Results
August 3, 2020 4:01 PM EDT--Fourth Quarter Results Demonstrate Resilience Within Current Market Conditions----Achieved $25.6 Million in Cost Savings in Fiscal 2020----Announced New Market Centric Organizational Structure to Drive Market Share Gains----Additional Cost Savings of $20 Million Expected in Fiscal 2021--
JASPER, Ind., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Kimball International, Inc. (NASDAQ: KBAL) today announced results for the fourth quarter and fiscal year ended June 30, 2020.
Selected Financial Highlights:
Fourth Quarter FY 2020
Net sales decreased 20% to $156.1 millionGross margin expanded by 70 basis points despite lower... More