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 (symbol: HNI) is a leading provider of office furniture and hearth products, delivering high-quality solutions since its founding in 1944. The company operates under a unique member-owner environment where every individual, known as a member, contributes to the success and growth of the business. HNI Corporation’s core business includes manufacturing and selling panel-based and freestanding furniture systems, seating, storage, tables, and architectural products. These offerings are sold through a robust network of dealers, wholesalers, distributors, and directly to end-user customers, including federal, state, and local governments.
In addition to office furniture, HNI Corporation is a key player in the residential building products market, offering a comprehensive range of gas, wood, electric, and pellet-fueled fireplaces, inserts, stoves, facings, and accessories. The company’s dedication to integrity, quality, innovation, service, and continuous improvement underpins its growth strategy, which focuses on building leading brands, taking care of end users, and achieving operational excellence.
HNI Corporation comprises nine companies, each representing a family of leading brands, products, and services for the office and home. The company’s manufacturing and supply chain expertise ensures the highest quality products with the fastest and most dependable turnaround times in the industry.
With operations spanning the United States, Canada, Mainland China, Hong Kong, India, Mexico, and Taiwan, HNI Corporation maintains a significant global presence. Recent projects and achievements highlight the company’s commitment to innovation and customer satisfaction, positioning HNI as a trusted leader in both the office furniture and hearth products markets.
Latest News:
- HNI Corporation reports strong quarterly earnings driven by increased demand in the office furniture sector.
- Launch of new eco-friendly product line aimed at reducing environmental impact.
- Strategic partnership with leading technology firm to enhance product innovation.
- Expansion of manufacturing facilities in North America to meet growing market needs.
- Recognition as one of the top workplaces for employee satisfaction and engagement.
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.
HNI (NYSE: HNI) has declared a quarterly dividend of 33 cents per share on its common stock. The dividend will be payable on March 5, 2025, to shareholders of record at the close of business on February 24, 2025.
HNI operates through two main segments: The Workplace Furnishings segment, which is a global designer and provider of commercial furnishings, and the Residential Building Products segment, which leads the nation in manufacturing and marketing hearth products, including gas, electric, wood, and pellet-burning fireplaces, inserts, stoves, facings, and accessories.
HNI (NYSE: HNI) has announced its upcoming fourth quarter and year-end fiscal 2024 results conference call, scheduled for Thursday, February 20, 2025 at 11:00 a.m. Eastern time. The company plans to release its financial results before the market opens on the same day.
Investors can access the call by dialing 1-855-761-5600 (toll-free) with Conference ID: 7175411. A live webcast will be available on HNI's investor relations website, and a replay will be accessible from February 20 to February 27, 2025.
HNI operates through two segments: Workplace Furnishings, which provides commercial furnishings globally, and Residential Building Products, which leads the nation in hearth products manufacturing including fireplaces, stoves, and accessories.
HNI (NYSE: HNI) has been recognized among America's Most Responsible Companies, ranking No. 36 on Newsweek's 2025 list and securing the third position in the Retail and Consumer Goods category. This marks the company's sixth consecutive year on the prestigious list of top 600 responsible companies in the United States.
The selection process evaluated 2,000 of the largest U.S.-based publicly traded companies, considering over 30 key performance indicators across environmental, social, and governance areas. HNI's recognition reflects its progress in corporate responsibility, focusing on three pillars: reducing operational impacts, creating sustainable products, and respecting people. Notable achievements include reductions in Scope 1 and 2 emissions, zero waste to landfill at multiple facilities, and decreased energy consumption.
HNI (NYSE: HNI) has declared a quarterly dividend of 33 cents per share on its common stock. The dividend will be payable on December 2, 2024, to shareholders of record as of November 18, 2024. HNI is a manufacturer of workplace furnishings and residential building products, operating through two segments: Workplace Furnishings and Residential Building Products. The company is a leading global designer of commercial furnishings and the nation's leading manufacturer of hearth products.
HNI reported Q3 2024 results with net sales of $672.2 million and net income of $47.5 million. GAAP EPS increased 23% to $0.98, while non-GAAP EPS grew 11% to $1.03 year-over-year. The Workplace Furnishings segment achieved a 20-year high operating margin, while Residential Building Products grew profit despite revenue pressures. The company expects $45-50 million in savings from Kimball International synergies and Mexico facility operations through 2026. However, fourth-quarter results are expected to be impacted by volume pressures due to U.S. election uncertainty and macroeconomic conditions.
HNI (NYSE: HNI) announced a leadership change in its financial department. Marshall H. Bridges will retire as Senior Vice President and Chief Financial Officer (CFO) on December 28, 2024. The Board of Directors has appointed Vincent Paul (VP) Berger II as Executive Vice President (EVP) and CFO, effective December 29, 2024.
Berger, 52, has been with HNI for 27 years and currently serves as EVP and President of Hearth and Home Technologies. He is a certified public accountant with over 30 years of experience in finance, operations, and leadership roles. After retirement, Bridges will continue part-time, assisting with strategic projects focused on artificial intelligence.
Jeff Lorenger, Chairman, President, and CEO, expressed confidence in Berger's appointment, citing his comprehensive understanding of the residential building products segment and deep knowledge of HNI's business.
HNI (NYSE: HNI) has announced its upcoming third quarter fiscal 2024 results conference call, scheduled for Tuesday, October 29, 2024 at 11:00 a.m. Eastern time. Investors can join the call by dialing 1-855-761-5600 (Toll-free) with Conference ID: 7175411. A live webcast will be available on the company's investor relations website, with a replay accessible until November 5, 2024.
HNI plans to release its Q3 2024 results before the market opens on October 29, 2024. The results will be posted on the company's website. HNI , a manufacturer of workplace furnishings and residential building products, operates under two segments: Workplace Furnishings and Residential Building Products, offering commercial furnishings and hearth products respectively.
HNI (NYSE: HNI) has declared a quarterly dividend of 33 cents per share on its common stock. The dividend will be payable on September 12, 2024, to shareholders of record at the close of business on August 23, 2024. HNI is a manufacturer of workplace furnishings and residential building products, operating under two segments: Workplace Furnishings and Residential Building Products. The company has been improving where people live, work, and gather for more than 75 years. The Workplace Furnishings segment is a leading global designer and provider of commercial furnishings, while the Residential Building Products segment is the nation's leading manufacturer and marketer of hearth products.
HNI (NYSE: HNI) has announced the installation of solar energy systems at two strategic manufacturing locations, reinforcing its commitment to environmental responsibility and sustainability. The company was recently recognized by USA Today as one of 'America's Climate Leaders', ranking 19th out of 450 companies for its efforts in reducing greenhouse gas emissions and focusing on energy conservation.
The new solar projects are expected to generate approximately 2,500 MWh of solar power and offset more than 2,000 tons of CO2e annually. HNI's renewable energy initiatives also include renewable energy credits and power purchase agreements. The company, a manufacturer of workplace furnishings and residential building products, has been improving living and working spaces for over 75 years.
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