News

JASPER, IN – Kimball International, Inc. announced sales for the third quarter of fiscal year 2007 were $311.6 million, an increase of 20% over sales of $260.7 million year-over-year. Sales included $79.2 million from acquisitions in the company's electronic contract assemblies segment. Sales in this segment increased 49% as a result of the acquisitions. On February 15, Kimball completed the acquisition of Reptron Electronics, Inc., a U.S.-based EMS company. The purchase price was $50.9 million.

Income for the third quarter was $3.8 million, which included a loss from discontinued operations of $600,000. For the same period last year, income was $7.3 million, including a loss from discontinued operations of $400,000.

Sales for the third quarter in the electronic contract assemblies segment were $165.3 million, an increase of 49% over sales of $111.1 million last year.