Kimball International Inc. reported consolidated unaudited earnings results for the first quarter ended September 30, 2009. For the quarter, the company reported operating income of $632,000, income before taxes of $2,618,000 or $0.04 class A diluted per share, $0.05 Class B diluted per share on net sales of $274,659,000 against operating income of $4,244,000, income before taxes of $3,465,000 or $0.06 class A diluted per share, $0.06 Class B diluted per share on net sales of $339,495,000 for the same period a year ago. Net cash flow provided by operating activities of $12,507,000 against net cash flow provided by operating activities of $13,974,000 for the same period a year ago.

Kimball International, Inc. reported net sales of $274.7 million and net income of $1.8 million, or $0.05 per Class B diluted share, for the first quarter of fiscal year 2010, which ended September 30, 2009. First quarter fiscal year 2010 net sales declined 10% in the Electronic Manufacturing Services (EMS) segment while net sales in the Furniture segment declined 30% when compared with the prior year first quarter. A sharp decline in sales occurred in the second and third quarters of last fiscal year and sales have since stabilized. Sequentially, sales in the first quarter of fiscal year 2010 improved slightly over the immediately preceding quarter. James C. Thyen, Chief Executive Officer and President, stated, "Our EMS segment is seeing more positive signs of recovery from the recession than our Furniture segment. While first quarter sales in our EMS segment were down compared to the prior year, we did see our second sequential quarterly increase in sales. That is, our first quarter fiscal year 2010 sales in the EMS segment showed a 9% improvement over the fourth quarter of fiscal year 2009, after reporting last quarter that our EMS segment sales for the fourth quarter of fiscal year 2009 had improved 8% from the third quarter of fiscal year 2009. We are pleased with the efforts by all of our employees to defer spending where prudent and to be very innovative when spending is required, which has allowed us to remain profitable with the significant decline in sales. We remain committed to our long-term strategies of growth and diversification and will continue to invest in capital projects including potential acquisitions that will enhance our capabilities and bring profitable growth."

Kimball International, Inc. expected to Report Q2 2010 Results on February 1, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).