JASPER, IN – Kimball Int’l. Inc. reported sales for the first quarter of the fiscal 2008 year, ended Sept. 30, of $339.9 million and income from continuing operations of $6.6 million. Sales for the quarter increased 7.8% compared to the same period last year. Gross profit reached $67.8 million, compared to $64.7 million during the first quarter of the fiscal 2007 year.
“Our operating income in the first quarter improved, compared to the most recent fourth quarter, on the expected decline in our SG&A costs from the elevated level in the fourth quarter. We have new products in the pipeline and are regularly evaluating potential acquisitions to aggressively grow our sales. We are working on improving our profits by reducing our total operating costs through targeted lean and other productivity initiatives,” said James C. Thyen, president and CEO.
Have something to say? Share your thoughts with us in the comments below.