SPY380.36-1.97 -0.52%
DIA309.45-4.53 -1.44%
IXIC13,192.35+72.96 0.56%

BRIEF-Kimball International Reports Q2 Loss Per Share $0.02

· 02/04/2021 16:43
BRIEF-Kimball International Reports Q2 Loss Per Share $0.02

- Kimball International Inc KBAL.O:

  • KIMBALL INTERNATIONAL, INC. REPORTS SECOND QUARTER 2021 RESULTS

  • Q2 LOSS PER SHARE $0.02

  • Q2 SALES FELL 29 PERCENT TO $136.2 MILLION

  • Q2 ADJUSTED EARNINGS PER SHARE $0.09 EXCLUDING ITEMS

  • ON TRACK TO ACHIEVE $20 MILLION IN COST SAVINGS IN FISCAL 2021

  • PORT CONGESTION DELAYS REDUCED Q2 REVENUE BY $6 MILLION

  • EXPECT Q3 ORGANIC REVENUE TO BE SIMILAR TO Q2 LEVELS

  • ANTICIPATE A SEQUENTIAL INCREASE IN GROSS MARGIN IN Q4

Source text for Eikon: ID:nGNX5QVJ4f

Further company coverage: KBAL.O


((Reuters.Briefs@thomsonreuters.com;))