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KIMBALL SALES, EARNINGS UP SHARPLY IN QUARTER

 RYE, N.Y., Oct. 5 /PRNewswire/ -- Kimball International, Inc. (NASDAQ: KBALB), a furniture and electronics company headquartered in Jasper, Ind., expects first quarter sales will be up 12-16 percent, and net income up 20-25 percent over last year's first quarter.
 Operating earnings will be approximately 42-45 cents per share, before adding 5-6 cents for adoption of FASB 109 - Accounting for Deferred Income Taxes, Douglas A. Habig, president and chief executive officer, told a meeting of institutional investors here today.
 Sales in the first quarter were $171 million and net income was $7.3 million. Earnings per share in the first quarter last year were 34 cents.
 All domestic business segments performed strongly in the first quarter this year. The Lodging Group and the OEM Furniture and Cabinet Group posted the largest growth rates. The company's small international operations incurred sharp sales declines, but operating losses were held to last year's level, aided by the U.S. dollar's appreciation from a year ago.
 Kimball entered the fiscal year on July 1 with domestic order backlogs at historic highs, up 24 percent from the previous year. The backlogs remain very strong and are spread across all major product segments.
 "For the full year, sales are expected to rise 10-15 percent," Habig said. "Net income will rebound significantly assuming contract business levels remain strong and the European restructuring efforts move forward."
 In fiscal year 1993, sales were $722 million and net income was $30.6 million.
 -0- 10/5/93
 /CONTACT: Ken Sendelweck of Kimball International, 812-482-1600/
 (KBALB)


CO: Kimball International, Inc. ST: Indiana IN: HOU SU: ERP

AR -- CL021 -- 8984 10/05/93 15:30 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
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