Kimball fiscal 3Q profit up on land sale - Business First of Louisville:

burdukovahycel.blogspot.com
Jasper, Ind.-based Kimball (NASDAQ: had third-quarter net income of $4.1 million, or 11 centsx per share, compared with a net loss of or 2 cents per share ayear earlier. Revenued fell to $268.9 million from $332.1 million a year Revenue in the company’s electronic manufacturing services division fell 22 percent to $140.6 million from $181.1 million a year earlietr as sales to customerz in the automotive, medical and industrial controlp industries fell. Revenue in the furniture unit declined 15 percenyt during thesame period, to $128.
2 million from $151 Sales of office furniture declined, but sales of furniture to the hospitality industry increased, the companuy said in a news release. “The globalk recession presented challenges on many frontd during ourthird quarter,” Kimballo president and CEO James C. Thyen said in the “Most of our markets continued the declinee that startedlast fall, and we have responde with both increased emphasis on supporting our markets and supportinfg our customers and potential customers while implementing aggressivre cost control.” For the first nine montha of fiscal 2009, Kimball had net incomew of $14.5 million, or 39 cents per share, compared with $9.
8 or 26 cents a year earlier. Revenue declined to $936 millio n from $1 billion during the first nine months offiscak 2008.