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 (NYSE: HNI) has announced an increase in its quarterly dividend to 33 cents per share on its common stock, payable on June 12, 2024. Shareholders of record by the close of business on May 24, 2024, will be eligible to receive the dividend. HNI, a company with more than 75 years of history, operates through two main segments: Workplace Furnishings and Residential Building Products. The first is a global designer and provider of commercial furnishings, while the latter is a leading manufacturer and marketer of hearth products including fireplaces and stoves.
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.
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