Welcome to our dedicated page for Hni news (Ticker: HNI), a resource for investors and traders seeking the latest updates and insights on Hni stock.
HNI Corporation (NYSE: HNI) serves as a leading innovator in commercial furnishings and residential hearth products, with this news hub providing essential updates for stakeholders. Track official announcements spanning workplace furniture developments, residential product innovations, and strategic business initiatives.
This centralized resource offers investors and industry professionals timely access to earnings reports, leadership changes, manufacturing advancements, and market expansion updates. All content undergoes rigorous verification to ensure accuracy and relevance to HNI's core operations in office solutions and home comfort technologies.
Key coverage areas include product line expansions in ergonomic office systems, sustainability initiatives across manufacturing facilities, and partnerships within the building products sector. The archive maintains complete records of SEC filings, investor communications, and operational milestones since the company's 1944 founding.
Bookmark this page for direct access to HNI's evolving story in commercial interiors and residential heating solutions. Combine regular visits with portfolio monitoring tools for comprehensive market analysis of this durable goods manufacturer.
HNI Corporation (NYSE: HNI) has announced a definitive agreement to acquire Steelcase Inc. (NYSE: SCS) in a cash and stock transaction valued at approximately $2.2 billion. Under the deal terms, Steelcase shareholders will receive $7.20 in cash and 0.2192 HNI shares for each Steelcase share, implying an $18.30 per share purchase price.
The combined company will have pro forma annual revenue of $5.8 billion and pro forma Adjusted EBITDA of $745 million. Expected annual run-rate synergies total $120 million. Post-closing, HNI shareholders will own approximately 64% of the combined company, while Steelcase shareholders will retain 36%.
The transaction is expected to close by the end of 2025, subject to shareholder and regulatory approvals. Jeffrey Lorenger will continue as CEO of the combined company, with HNI maintaining its Muscatine, Iowa headquarters while preserving Steelcase's Grand Rapids, Michigan location.
HNI Corporation (NYSE: HNI) reported strong Q2 2025 results with net sales of $667.1 million and net income of $48.2 million. The company achieved significant year-over-year improvements, with GAAP diluted EPS increasing 36% to $1.02 and non-GAAP diluted EPS rising 41% to $1.11.
Key highlights include a 7% increase in total net sales and nearly 8% growth in organic net sales. The Workplace Furnishings segment saw 7.4% revenue growth to $516.0 million, while Residential Building Products grew 5.3% to $151.1 million. Operating margins reached record Q2 levels, with consolidated non-GAAP operating margin expanding 200 basis points to 11.0%.
The company expects continued growth through 2025, projecting mid-single-digit net sales growth in both segments and double-digit EPS growth. Additional EPS benefits of $0.50 to $0.60 are expected over the next 18 months from Kimball International synergies and Mexico facility ramp-up.
HNI Corporation (NYSE: HNI) has announced its second quarter fiscal 2025 earnings conference call, scheduled for Thursday, July 24, 2025, at 11:00 a.m. Eastern. The company will release its Q2 2025 results before the market opens on the same day.
Investors can access the call via telephone at 1-855-761-5600 (Conference ID: 7175411) or through a live webcast on the company's investor relations website. A replay will be available until July 31, 2025.
HNI Corporation, with over 75 years of history, operates through two segments: Workplace Furnishings and Residential Building Products, specializing in commercial furnishings and hearth products respectively.
HNI Corporation (NYSE: HNI) has inaugurated its largest solar installation to date at its Highway 61 facility in Muscatine, Iowa. The new solar array will generate over 1,500 MWh annually, accounting for approximately 7% of the facility's annual electricity consumption.
The project, celebrated with a ribbon-cutting ceremony attended by company leaders and community partners, represents a significant step in HNI's broader sustainability strategy, focusing on renewable energy adoption and carbon footprint reduction.
HNI Corporation (NYSE: HNI) has announced a quarterly dividend increase to 34 cents per share on its common stock. The dividend will be payable on June 11, 2025, to shareholders of record as of May 23, 2025.
HNI Corporation, with over 75 years of experience, operates through two main segments: the Workplace Furnishings segment, which is a global leader in commercial furnishings, and the Residential Building Products segment, which leads the nation in hearth products manufacturing, including fireplaces, stoves, and accessories.
HNI Corporation has released its biennial Corporate Responsibility Report, showcasing significant environmental and social achievements. The company achieved a 79% reduction in Scope 1 and 2 greenhouse gas emissions and advanced its zero waste initiative, with ten sites reaching zero waste to landfill status.
Key highlights include a $1 million donation to Muscatine Mulberry Health Clinic and $500,000 pledge to Regional Wellness Center in Jasper, Indiana. The company expanded member support through translation services and leadership training. Environmental initiatives include eliminating polystyrene foam packaging and improving chemical transparency through Health Product Declarations.
As a manufacturer of workplace furnishings and residential building products, HNI operates through two segments: Workplace Furnishings and Residential Building Products. The latter leads the nation in hearth products manufacturing, including gas, electric, wood, and pellet-burning fireplaces and accessories.
HNI (NYSE: HNI) has announced its upcoming first quarter fiscal 2025 earnings conference call scheduled for Wednesday, May 7, 2025, at 11:00 a.m. Eastern time. The company will release its Q1 2025 results before the market opens on the same day.
The conference call will be accessible via phone (toll-free: 1-855-761-5600, Conference ID: 7175411) and through a live webcast on the company's investor relations website. A replay will be available until May 14, 2025.
HNI , with over 75 years of experience, operates through two main segments: Workplace Furnishings, a global commercial furnishings provider, and Residential Building Products, the nation's leading manufacturer of hearth products including fireplaces, stoves, and accessories.
HNI (NYSE: HNI) reported strong financial results for fiscal year 2024, with net sales of $2.526 billion and net income of $139.5 million. The company achieved its third consecutive year of double-digit EPS growth, with full-year GAAP EPS of $2.88 (+164% YoY) and non-GAAP EPS of $3.06 (+15% YoY).
Fourth quarter performance showed net sales of $642.5 million and net income of $38.3 million. Operating cash flow exceeded $225 million in 2024, with year-ending gross debt leverage at 1.1x. The company's operating margin reached its highest level since 2005, driven by profit transformation initiatives, synergy benefits, and price-cost strategies.
Looking ahead, HNI expects net sales growth to return in 2025 in both segments, with Workplace Furnishings showing encouraging order rates and backlog levels. The company anticipates additional EPS benefits of $0.70 to $0.80 over 2025-2026 from Kimball International synergies and Mexico facility ramp-up.