News
TAMPA, FL -- Kimball International paid $5.4 million for Genesis Electronics Manufacturing, a Tampa-based EMS firm acquired by Kimball in September.
Kimball, whose EMS group's sales rank in the top 25 worldwide, declined to specify the price at the time of the acquisition. However, the amount, which covers Genesis' assets and some liabilities, was included in the company's recent earning report.
Genesis had 2007 revenues of about $16 million.
Genesis' programs and staff will be moved to Kimball’s Tampa facility.
LOUISVILLE -- Sypris Solutions today reported revenue of
$100.2 million for its third quarter, down 4.1% from the
prior year.
The company swung to a net loss of $7.8 million, whereas a year-ago it reported income of $2.6 million. The most recent results included restructuring charges of $700,000 and foreign exchange losses of $1.0 million.
The company swung to a net loss of $7.8 million, whereas a year-ago it reported income of $2.6 million. The most recent results included restructuring charges of $700,000 and foreign exchange losses of $1.0 million.
JASPER, IN -- Kimball International today reported net sales of
$339.5 million and income from continuing operations of $2.2 million for its first quarter of fiscal 2009.
For the period ended Sept. 30, net income from continuing operations fell 67% while sales rose 2% year-over-year.
For the period ended Sept. 30, net income from continuing operations fell 67% while sales rose 2% year-over-year.
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