JASPER, IN – Kimball Int’l. Inc. announced its financial results for the second quarter of fiscal year 2007, which ended Dec. 31, 2006. Net sales were $327.3 million, an increase of 24% over net sales in the second quarter of fiscal year 2006. The second quarter fiscal year 2007 sales included $81.5 million from two acquisitions completed during the fourth quarter of fiscal year 2006. Net income for the current year second quarter was $7.2 million. Consolidated gross profit as a percent of net sales was 20.6% in the current year second quarter versus 22.7% in the prior year. The company says the furniture and cabinet segment’s gross profit percentage increased, while the electronic contract assemblies segment’s gross profit percentage decreased from the prior year. Read more.
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