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.
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.
Millerknoll Inc operates under a direct-to-consumer business model, selling a wide range of customizable home furniture and decor products. By bypassing traditional brick-and-mortar retail channels, the company focuses on selling its products directly to customers through its online platform, offering convenience, affordability, and a personalized shopping experience. The company also emphasizes sustainability by using eco-friendly materials and manufacturing processes.
HNI Corporation's business model revolves around manufacturing and selling office furniture and hearth products. They generate revenue by providing high-quality and customizable solutions to businesses and consumers in the office furniture and fireplace industries.
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.
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.
For your research, we’ve provided 10 tables on Kimball International Inc versus competitors, including market share analysis.
You can find them in the navigation menu under Competition.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
