Kimball International Inc. creates design driven, innovative furnishings sold through our family of brands: Kimball, National, and Kimball Hospitality. Our diverse portfolio offers solutions for the workplace, learning, healing, and hospitality environments. Our values and integrity are demonstrated daily by living our Guiding Principles and creating a culture of caring that establishes us as an employer of choice. “We Build Success” by establishing long-term relationships with customers, employees, suppliers, shareowners and the communities in which we operate. To learn more about Kimball International Inc. (NASDAQ: KBAL), visit www.kimballinternational.com.
We may not be successful in implementing and managing our Kimball International Connect Strategy.
Our restructuring efforts may not be successful.
Changes to government regulations may significantly increase our operating costs in the United States and abroad.
We may be unable to purchase a sufficient amount of materials, parts, and components for use in our products at a competitive price, in a timely manner, or at all.
Uncertain macroeconomic and industry conditions, or a sustained slowdown or significant downturn in our markets, could adversely impact demand for our products and adversely affect operating results.
We are subject to manufacturing inefficiencies due to the transfer of production among our facilities and other factors.
A shortage of capacity in the trucking industry could drive increases in freight costs.
Changes in U.S. fiscal and tax policies may adversely affect our business.
Fluctuations in our effective tax rate could have a significant impact on our financial position, results of operations, or cash flows.
Our failure to retain our existing management team, maintain our engineering, technical, and manufacturing process expertise, or continue to attract qualified personnel could adversely affect our business.
Turnover in personnel could cause manufacturing inefficiencies.
Our sales to the U.S. government are subject to compliance with regulatory and contractual requirements, and noncompliance could expose us to liability or impede current or future business.
We may pursue acquisitions that present risks and may not be successful.
We may not be successful in launching start-up operations or expanding our business in digital marketplaces.
Our business depends on information technology systems and digital capabilities that are implemented in a manner intended to minimize the risk of a cybersecurity breach or other such threat, including the misappropriation of assets or other sensitive information or data corruption, which could cause operational disruption.
We may be exposed to the credit risk of our customers who are adversely affected by weakness in market conditions.
Reduction of purchases by or the loss of a significant number of customers could reduce revenues and profitability.
We operate in a highly competitive environment and may not be able to compete successfully.
Our operating results could be adversely affected by increases in the cost of fuel and other energy sources.
A change in our sales mix among our diversified product offerings could have a negative impact on our gross profit margin.
Our international operations involve financial and operational risks.
If efforts to introduce new products or start-up new programs are not successful, this could limit sales growth or cause sales to decline.
If customers do not perceive our products and services to be innovative and of high quality, our brand and name recognition and reputation could suffer.
A loss of independent sales representatives, dealers, or other sales channels could lead to a decline in sales.
Failure to effectively manage working capital may adversely affect our cash flow from operations.
We could incur losses due to asset impairment.
A failure to comply with the financial covenants under our $30.0 million credit facility could adversely impact us.
Failure to protect our intellectual property could undermine our competitive position.
We may be sued by third parties for alleged infringement of their intellectual property rights and incur substantial litigation or other costs.
Our insurance may not adequately protect us from liabilities related to product defects.
Increases in the cost of providing employee healthcare benefits could reduce our profitability.
We are subject to extensive environmental regulation and significant potential environmental liabilities.
Natural disasters or other catastrophic events may impact our production schedules and, in turn, negatively impact profitability.
The value of our common stock may experience substantial fluctuations for reasons over which we may have little control.