The company reported sales of $768.1 million for the fiscal year 2019, a 9 percent increase over the previous year. The gain was driven primarily by double-digit growth in commercial, healthcare, and hospitality.
Kimball announced a Transformation Plan that will generate approximately $16 million of savings in fiscal year 2020, driven by restructuring related savings of approximately $8 million and an incremental $8 million savings related to lean and continuous improvement initiatives. Restructuring costs will total approximately $8 million.
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