- I believe Kimball's organic sales bottomed in Q3. The coming return to offices and increase in travel should provide growth in fiscal year 2022.
- Kimball reported bad Q3 results which were a little worse than I expected. It was hurt by the pandemic, supply chain issues, and rising commodity costs.
- We're seeing early anecdotal evidence that employers will bring workers back to offices this summer. This was confirmed by Kimball's increase in orders in April.
- Domestic travel should rebound this summer which will provide a tailwind to the Hospitality business in fiscal year 2022.
- Poppin's integration started in May with the launch of sales through Kimball's dealer network. Poppin also unveiled Spaces which is a flexible walls product.
For further details see:
Kimball's Organic Sales Probably Just Bottomed