JASPER, IN -- Kimball International reported net sales of $274.7 million and net income of $1.8 million for the period ended Sept. 30.

For the quarter, the company's Electronic Manufacturing Services segment net sales declined 10% to $165.5 million. Sequentially, sales improved 9%, after growing 8% in the June quarter.The net loss was $219,000, up 71% from a net loss of $768,000 last year. The current results include $276,000 in restructuring charges.

Gross profit as a percent of net sales remained flat. Operating cash flow was $12.5 million, down from $14 million last year. At quarter's end, Kimball had cash and short-term investments, less short-term borrowings, of $87.5 million, down $900,000 sequentially.

Chief executive and president James Thyen said, "While first quarter sales in our EMS segment were down compared to the prior year, we did see our second sequential quarterly increase in sales. This sequential improvement in sales the last two quarters is an encouraging sign, but we remain guarded about the health of the overall economy."

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