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Kimball International (NASDAQ: KBAL) will release its Q4 and FY 2021 financial results on August 4, 2021, after market close. A conference call is scheduled for the same day at 5:00 p.m. ET to discuss performance details. Investors can access the call at 844-602-5643 in the U.S. or 574-990-3014 internationally, using the passcode 'Kimball.' The call will also be available via webcast. Founded over 70 years ago, Kimball International specializes in omnichannel commercial furnishings.
Kimball International (NASDAQ: KBAL) will participate in the Baird 2021 Global Consumer, Technology & Services Conference, with CEO Kristie Juster and CFO T.J. Wolfe hosting investor meetings on June 8, 2021. Known for over 70 years as a leading omnichannel commercial furnishings company, Kimball offers a diverse portfolio of brands aimed at creating inspiring environments for various sectors, including work, healing, and hospitality. The company is headquartered in Jasper, Indiana.
Kimball International (NASDAQ: KBAL) reported third-quarter fiscal 2021 results with net sales of $138.7 million, down 22% year-over-year. Gross margin was 28.7%, impacted by inflation and logistics costs. The company posted a net loss of $4.5 million or $(0.12) per diluted share. However, order rates improved in key markets, and a 300-basis point gross margin rebound is expected in Q4. Kimball anticipates achieving $20 million in cost savings for the fiscal year, focusing on the Workplace and Health sectors.
Kimball International, Inc. (NASDAQ: KBAL) announced a quarterly cash dividend of $0.09 per share for all outstanding common stock. This dividend will be payable on July 15, 2021, to shareholders of record as of June 25, 2021. The announcement reflects the company's commitment to returning value to its investors, showcasing financial stability despite market challenges. Kimball International has established itself as a leader in the commercial furnishings industry for over 70 years, with a diverse brand portfolio aimed at enhancing customer spaces.
Kimball International, Inc. (NASDAQ: KBAL) will announce its third quarter fiscal year 2021 financial results on May 4, 2021, after market close. A conference call to discuss these results will be held on the same day at 5:00 p.m. ET, with access via telephone or a live webcast. The conference call passcode is 'Kimball'. This announcement highlights the company's commitment to transparency in financial reporting, indicating a proactive approach to investor relations.
Kimball International (NASDAQ: KBAL) has appointed Valerie R. Love as an independent Board member effective April 1, 2021. Love, currently Chief of Human Resources at The Coca-Cola Company, brings extensive experience in organizational design and talent management from previous roles at General Motors and Johnson & Johnson. The board also announced the resignation of Tim Jahnke, effective the same day, after seven years of service. The company expressed gratitude for Jahnke's contributions while anticipating that Love's expertise will significantly benefit the company's strategic direction.
Kimball International (NASDAQ: KBAL) will participate in the Sidoti Spring 2021 Virtual Investor Conference on March 25 at 11:30 a.m. ET. CEO Kristine Juster and CFO T.J. Wolfe will present during this event. A live audio webcast of the presentation will be accessible, with a replay available for three months post-conference. In fiscal year 2020, Kimball International generated $728 million in revenue and employed over 2,800 people.
Kimball International, Inc. (NASDAQ: KBAL) has declared a quarterly cash dividend of $0.09 per share, payable on April 15, 2021, to shareholders of record on March 25, 2021. The announcement highlights the company's commitment to rewarding its shareholders. Kimball has a substantial operational footprint, generating $728 million in revenue in fiscal year 2020 and employing over 2,800 people. The firm prides itself on delivering design-driven furnishings and maintaining strong relationships with stakeholders.
Kimball International (NASDAQ: KBAL) reported Q2 FY 2021 net sales of $136.2 million, a 29% decrease from $192.2 million YoY, primarily due to $6 million in revenue loss from port congestion. A net loss of $0.8 million was reported, with a diluted EPS of $(0.02). Despite challenges, including higher freight costs, the company is on track for $20 million in cost savings for FY 2021. The CEO emphasized the positive trends in the Health segment and the ongoing integration of the Poppin acquisition, with significant progress in the digital strategy and product development.
