We create design driven, innovative furnishings sold through our family of
brands: Kimball Office, National Office Furniture, and Kimball Hospitality.
Our diverse portfolio offers solutions for the workplace, learning, healing,
and hospitality environments. Dedicated to our Guiding Principles, our values
and integrity are evidenced by public recognition as a highly trusted company
and employer of choice. “We Build Success” by establishing long-term
relationships with customers, employees, suppliers, share owners and the communities
in which we operate.
Kimball has been in the furniture business since 1950. Our core markets include
furniture sold under the Kimball Office, National Office Furniture, and Kimball
Hospitality brand names. Through each of these brands, the Company offers a
wide range of possibilities for creating functional environments that convey
just the right image for each unique setting, as furniture solutions are tailored
to the end user’s needs and demands. The workplace model is evolving to
optimize human interaction, and Kimball Office and National Office Furniture
provide furniture solutions which create spaces where people can connect. Our
rich wood heritage and craftsmanship remain, while new products and mixed materials
integrate our product portfolio, satisfying the marketplace’s need for
multifunctional, open accommodations throughout all industries. Our furniture
solutions are used in collaborative and open work space areas, conference and
meeting/huddle rooms, training rooms, private offices, learning areas, lobby/reception
areas, and dining/café areas with a vast mix of wood, metal, laminate,
paint, and fabric options. Products include modern and classic desks, credenzas,
seating, tables, collaborative workstations, panel systems, filing and storage
units, and accessories/accents. In addition, the Company offers several products
designed specifically for the growing healthcare market such as patient room
and lounge seating and casegoods. In the hospitality industry, Kimball Hospitality
works with designers to create furniture which extends the unique ambiance of
a property into guest rooms and public spaces by providing furniture solutions
for hotel properties and mixed use developments. Products include, but are not
limited to, headboards, desks, tables, dressers, entertainment centers, chests,
wall panels, upholstered seating, task seating, cabinets, and vanities with
a broad mix of wood, metal, stone, laminate, finish, and fabric options. The
Company also has a trucking fleet and customer fulfillment centers to facilitate
prompt delivery of products. Certain logistics services, such as backhauls,
are sold on a contract basis, but the sales level is immaterial.
The reduction of our plane fleet from two jets to one reduced our cost structure
while aligning the plane fleet size with our needs following the spin-off of
Kimball Electronics. Previously, one of our jets was used primarily for the
successful strategy of transporting customers to visit our showrooms, offices,
research and development center, and manufacturing locations, while the remaining
jet was used primarily for management travel. In regards to the remaining jet,
we believe that our location in rural Jasper, Indiana and the location of our
manufacturing locations in small towns away from major metropolitan areas necessitates
the need for the remaining jet to efficiently transport customers.
The impact of seasonality on our revenue includes lower sales in the third
quarter of our fiscal year due to the buying season of the government and lower
sales of hospitality furniture during times of high hotel occupancy such as
the summer months.
%
1.12%