JASPER, IN – Kimball International today reported fourth-quarter net sales of $290.6 million, up 7% compared to the same quarter in 2009. Gross profit was $44.8 million, down a slight 1% year-over-year.

Net sales in the fourth quarter increased 22% year-over-year in the EMS segment to $186.5 million.
EMS operating income was $2.8 million, up 173% compared to the same quarter last year. EMS net income was $2.5 million, up 449%.

The EMS segment represented 64% of consolidated net sales for the quarter, compared to 56% in the prior-year period.

“Fiscal year 2010 has been a turnaround year for our EMS segment,” said Kimball’s CEO and president James C. Thyen. “We continued our strong recovery with fourth-quarter sales increasing 22% over the prior year. For fiscal year 2010, sales were up 10% over fiscal year 2009. Sales to customers in the automotive market were hit the hardest during the recession, so it is encouraging that our automotive sales have since rebounded to the levels prior to the liquidity crisis.”

The firm’s 2010 net sales were $1.1 billion, down 7% year-over-year, and gross profit for the year was $176.5 million, down 13% compared to 2009.

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