Comparing the current results to its competitors, Kimball International Inc reported Revenue decrease in the 3 quarter 2023 year on year by -8.14 %, despite the revenue increase by the most of its competitors of 18.36 %, recorded in the same quarter.
Kimball International Inc 's Comment on Competition and Industry Peers
There are numerous furniture manufacturers competing within the marketplace, with
a significant number of competitors offering similar products.
Our competition includes furniture manufacturers such as Steelcase Inc., Herman
Miller, Inc., Knoll, Inc., HNI Corporation, and several other privately-owned
furniture manufacturers.
Virco Mfg Corporation operates based on a business model that focuses on the manufacturing and distribution of furniture for educational institutions. The company offers a wide range of products such as desks, chairs, tables, and storage solutions specifically designed for classrooms and other educational settings. By catering to this niche market, Virco Mfg Corporation aims to provide essential and durable furniture that enhances the learning environment for students and educators alike.
Hg Holdings Inc operates using a diversified business model that focuses on investing in and acquiring various companies across different industries. They aim to enhance the long-term value of their portfolio companies by providing strategic guidance, operational support, and capital resources. Hg Holdings Inc consistently seeks opportunities for growth, efficiency, and profitability within its acquired companies to generate sustainable returns for its stakeholders.
Steelcase Inc operates as a leading manufacturer of office furniture and architectural interiors. The company follows a business model based on producing and selling innovative workplace solutions that enhance collaboration, productivity, and employee well-being. Steelcase also emphasizes sustainability and designs its products to have a minimal environmental impact.
Sources:
Kimball International Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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