Kimball International, Inc. (KBAL): history, ownership, mission, how it works & makes money

A Brief History of Kimball International, Inc. (KBAL)

Founding and Early Years

Kimball International, Inc. was founded in 1950 by R.W. Kimball in Jasper, Indiana. Initially, the company focused on manufacturing quality piano benches and, over the years, expanded its offerings to include a broad range of furniture products for various markets.

Growth and Expansion

By the late 1960s, Kimball International had established itself as a leader in the contract furniture industry. In 1972, Kimball went public, with shares listed on the NASDAQ under the ticker symbol KBAL. The company reported revenues of approximately $16 million at that time.

Product Diversification

Throughout the 1980s and 1990s, Kimball expanded its product lines significantly, entering the healthcare and education markets. In 1990, the company launched the "Kimball Office" division, focusing on office furnishings and solutions.

Financial Performance

Recent Developments

As of 2023, Kimball International reported revenue of $410 million and a net income of $29 million. The company continues to focus on sustainability and innovation within its product offerings, addressing the evolving needs of modern workplaces.

Market Position

Kimball International maintains a competitive position in the market, with a reputation for high-quality products and customer service. The company competes with major players in the industry such as Herman Miller, Steelcase, and Haworth.

Sustainability Initiatives

In recent years, Kimball has implemented several sustainability initiatives. The company aims to utilize 70% recycled materials in its products by 2025 and has committed to reducing its carbon footprint by 25% compared to 2019 levels.

Employee and Community Engagement

Kimball International emphasizes employee engagement and community involvement, offering various programs that support professional development and local initiatives. The company’s workforce consists of approximately 1,300 employees and is committed to diversity and inclusion within its corporate culture.

A Who Owns Kimball International, Inc. (KBAL)

Current Shareholder Structure

As of the latest reports, the ownership of Kimball International, Inc. (KBAL) is distributed among institutional investors, individual shareholders, and company insiders. The following table illustrates the ownership percentages.

Top Institutional Investors

The largest institutional investors include firms that manage substantial assets and have considerable sway over company decisions. The following table lists the top institutional shareholders of Kimball International, Inc.:

Insider Ownership

Company insiders, including executives and board members, hold a significant portion of shares. The following table provides details on insider ownership.

Share Performance Metrics

As of October 2023, Kimball International, Inc. has shown the following performance metrics:

Recent Changes in Ownership

Recent filings have indicated shifts in ownership. Notable changes are summarized in the following table:

Shareholder Engagement

Kimball International, Inc. engages its shareholders through regular updates and annual meetings. Key engagement metrics include:

Conclusion of Ownership Data

Kimball International, Inc. maintains a diversified ownership structure, with significant institutional and insider ownership providing stability and oversight. The company's performance metrics and engagement practices further enhance its attractiveness to investors.

Kimball International, Inc. (KBAL) Mission Statement

Company Overview

Kimball International, Inc. (NASDAQ: KBAL) is an Indiana-based company specializing in manufacturing furniture and fixtures for office and hospitality environments. The company focuses on sustainable practices and innovative design solutions.

As of fiscal year 2022, Kimball International reported revenues of $346 million.

Mission Statement

The mission of Kimball International is to deliver high-quality furniture solutions that enhance the environment where people work, learn, and heal. Their focus is on fostering a positive impact on customers, employees, and the communities they serve.

Core Values

• Integrity: Conducting business ethically and responsibly.
• Collaboration: Building strong partnerships with customers and stakeholders.
• Innovation: Striving for continuous improvement and groundbreaking designs.
• Sustainability: Committing to environmentally responsible practices in all operations.

Financial Performance

In the fiscal year 2022, Kimball International's operating income was $26 million.

The net income for the same year was reported as $20 million.

Market Position

Kimball International operates in a competitive landscape. It has established itself as a leader in the contract furniture segment, with significant market shares in various sectors. Their focus on sustainability has positioned them favorably in an increasingly eco-conscious market.

Recent Achievements

• 2022 Award: Received the 2022 Green Good Design Award for innovative sustainable practices.
• Partnerships: Collaborated with several leading universities for design innovation projects.

Employee Engagement

Kimball International places emphasis on employee engagement. As of 2022, the company had a workforce of approximately 1,200 employees.

Employee satisfaction surveys indicate a score of 87% regarding job satisfaction and workplace culture.

Customer Focus

The company’s commitment to customer satisfaction is evident in its customer service ratings, with a 2022 score of 93% for customer satisfaction.

Kimball International’s client base includes schools, hospitals, and corporate offices, ensuring diverse revenue streams.

Strategic Goals

• Market Expansion: Aim to increase market share by entering new regions.
• Product Innovation: Invest in R&D to develop cutting-edge furniture solutions.
• Sustainability Goals: Enhance sustainable product offerings by reducing waste by 30% by 2025.

Conclusion of Mission Intent

Kimball International, Inc. remains committed to operational excellence, customer-centric practices, and sustainable innovation as they move forward in the competitive landscape of furniture manufacturing.

How Kimball International, Inc. (KBAL) Works

Company Overview

Kimball International, Inc. (KBAL) is a publicly traded company specializing in the manufacturing of furniture and cabinetry solutions for various sectors including healthcare, education, and corporate environments. As of fiscal year 2023, the company reported a revenue of approximately $390 million.

Financial Performance

For the fiscal year ending June 30, 2023, Kimball International reported the following key financial metrics:

Business Segments

Kimball International operates through two primary segments:

• Furniture
• Cabinetry

Market and Industry Position

In 2023, the global office furniture market was valued at approximately $60 billion, with Kimball International holding a market share of about 0.65%. The company faces competition from other key players such as Steelcase and Herman Miller.

Supply Chain and Manufacturing

Kimball International utilizes a diversified supply chain strategy, ensuring raw materials are sourced sustainably. The company has manufacturing facilities in Indiana and North Carolina, employing over 1,300 personnel.

Recent Initiatives

In 2023, Kimball International launched a new line of eco-friendly furniture products aimed at reducing environmental impact. These initiatives have been met with positive market responses, increasing their product lineup by 15%.

Sales Channels

The company sells its products through various channels:

• Direct Sales
• Dealers and Distributors
• E-commerce platforms

Future Outlook

Market analysts project steady growth for Kimball International, anticipating a compound annual growth rate (CAGR) of 5% over the next five years, reflecting robust demand in the commercial furniture sector.

Conclusion

How Kimball International, Inc. (KBAL) Makes Money

Revenue Streams

Kimball International, Inc. generates revenue primarily through the manufacture and sale of furniture products. Its revenue is segmented into several categories, which include:

• Office Furniture
• Hospitality Furniture
• Residential Furniture
• Government Furniture

Financial Performance

For the fiscal year ended June 30, 2023, Kimball International reported the following financials:

Cost Structure

Understanding the cost structure is key to analyzing Kimball's profitability. Key cost components include:

• Raw Materials
• Labor Costs
• Manufacturing Overhead
• Marketing and Sales Expenses

For the fiscal year 2023, the breakdown of costs was as follows:

Market Positioning

Kimball International maintains a strong market presence in several key areas:

• Office Furniture: Significant contracts with large corporations.
• Hospitality: Partnerships with major hotel chains.
• Residential: Retail distribution channels across the U.S.

Key Partnerships and Clients

The company's business model is enhanced by strategic partnerships and a diversified client base including:

• Commercial Clients
• Government Contracts
• Hospitality Groups
• Retailers

Recent Financial Trends

In the last fiscal year, the company's revenue experienced a growth rate of approximately 7.5% compared to the previous year. The recent quarterly results for Q4 2023 indicated:

Growth Strategies

Kimball International employs several strategies to enhance its revenue, such as:

• Investment in Product Innovation
• Expansion into Emerging Markets
• Enhancements in E-commerce Capabilities
• Focus on Sustainability Initiatives

Stock Performance

As of October 2023, Kimball International's stock price was as follows:

Conclusion on Financial Position

Kimball International's financial health reflects its strategies and market positioning, with dividends paying out at a rate of 2.5% per share, driving interest from income-focused investors.