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HNI (NYSE: HNI) reported strong earnings growth in the first quarter of 2024, with an EPS of $0.37, up 825% on a GAAP basis and 185% on a non-GAAP basis YoY. Workplace Furnishings operating margin expanded by 730 bps GAAP and 720 bps non-GAAP YoY. Full-year and second quarter 2024 non-GAAP EPS expected to increase significantly YoY. Sales for Q1 were $588.0 million with net income of $17.7 million. The acquisition of Kimball International contributed to strong results, with estimates of $0.10 to non-GAAP EPS. Residential Building Products also posted solid profits despite a soft housing market. The outlook for 2024 shows strong earnings growth driven by continued profit transformation in Workplace Furnishings and benefits from KII. A solid increase in second quarter earnings is expected with momentum from profit transformation initiatives and KII accretion. The company's strong balance sheet and strategic initiatives position it well for future growth and profitability.