Kimball’s Q1 Profit Drops 74% YoY
Published: 05 November 2010
by Staff
JASPER, IN – EMS firm Kimball International said its first-quarter 2011 profit dropped 74% year-over-year to $460,000.
Total sales increased 7% year-over-year to $294 million.
The firm’s electronics manufacturing business, however, recorded losses of $250,000, down 13% year-over-year, attributable to labor and employee cost increases. Sales for the segment totaled $177.9 million.
The company had total assets of $642 million at the end of the quarter.
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