Kimball International reports sales growth

From Local Sources

JASPER — Kimball International Inc. announced Tuesday results for the quarter that ended March 31.

The company reported net sales growth of 10%, including an 8% organic growth contribution, driven primarily by continued strength in the health care and hospitality verticals.

“We are pleased with the earnings growth realized this quarter, driven by increased demand for our new products, continued traction in our healthcare and hospitality verticals and the execution of our $10 million fiscal year 2019 cost reduction plan,” said CEO Kristie Juster. “We are excited in the developing momentum with the unveiling of our new strategy, called Kimball International Connect, and are confident we have the foundation to deliver on our vision and achieve our 3-year financial targets.”

See the full financial report at www.kimballinternational.com/investor-information.




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