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Kimball International (NASDAQ: KBAL) will participate in the Sidoti Spring 2022 Virtual Small Cap Conference on March 23, 2022, at 10:45 a.m. Eastern Time. CEO Kristine Juster and CFO T.J. Wolfe will present the company's insights. A live audio webcast will be accessible here, with a replay available for three months post-conference.
Kimball International (NASDAQ: KBAL) has declared a quarterly cash dividend of $0.09 per share for its outstanding common stock. The dividend will be payable on April 15, 2022, to shareholders on record as of March 25, 2022. This announcement reflects the company's commitment to returning value to its shareholders while maintaining a strong presence in the commercial furnishings sector, specializing in Workplace, Health, and Hospitality markets.
Kimball International reported an 11% revenue growth in Q2 FY 2022, reaching $151.4 million, driven by a strong demand in the Workplace and Health sectors, which saw an 18% revenue increase. The company's adjusted gross margin improved sequentially to 31.8%, despite facing challenges from raw material inflation and supply chain disruptions. However, a non-cash goodwill impairment charge of $34.1 million led to a net loss of $21.3 million. The order rates surged 28%, bolstering confidence in the full-year revenue guidance of 15-20% growth.
Kimball International (NASDAQ: KBAL) is set to report its second quarter fiscal 2022 financial results on February 3, 2022, after market close. A conference call will follow at 5:00 p.m. ET, accessible via phone or live webcast. The company specializes in omnichannel commercial furnishings across various markets, emphasizing a culture of craftsmanship and customer connections.
Kimball International (NASDAQ: KBAL) reported a 6% increase in Q1 FY2022 net sales to $156.6 million, bolstered by a 16% rise in its Workplace and Health segments, which accounted for 86% of total sales. Adjusted net income was $0.8 million, with a diluted EPS of $0.02 despite a net loss of $5 million. The company maintains its FY2022 guidance of 15%-20% revenue growth, with expectations of improved gross margins in H2. High order levels across sectors and strategic investments in Poppin show positive momentum despite challenges from supply chain disruptions.
Kimball International (KBAL) announced a quarterly cash dividend of $0.09 per share for its outstanding common stock. The dividend is payable on January 14, 2022, to shareholders of record on December 20, 2021. This decision demonstrates the company's commitment to returning value to its shareholders while maintaining its position as a leading omnichannel commercial furnishings company.
Based in Jasper, Indiana, Kimball International specializes in the Workplace, Health, and Hospitality markets.
Kimball International (NASDAQ: KBAL) is set to release its first quarter fiscal year 2022 financial results on November 4, 2021, after market close. A conference call to discuss these results will follow at 5:00 p.m. ET on the same day. Stakeholders can join via phone or access a live webcast through the company's investor relations website. Kimball International specializes in commercial furnishings and serves various markets including Workplace, Health, and Hospitality, emphasizing personalized experiences through its diverse brands.
Kimball International (NASDAQ: KBAL) announced a quarterly cash dividend of $0.09 per share, payable on October 15, 2021, to shareholders of record on September 25, 2021. The company's commitment to returning value to shareholders reflects its solid financial position and ongoing profitability. With a rich history in commercial furnishings, Kimball International continues to innovate across the Workplace, Health, and Hospitality markets.
Kimball International reported a 5% year-over-year revenue growth in its Workplace and Health markets, contributing over 80% of fourth quarter revenues. Fourth quarter net sales were $146.2 million, with a gross margin of 30.6%. The company achieved 33% growth in orders from these sectors and expects double-digit revenue growth for fiscal 2022. Notably, the gross margin expanded by 190 basis points sequentially. However, fiscal year 2021 net sales decreased 22% year-over-year, leading to adjusted net income of $2.1 million and diluted EPS of $0.20.
