Welcome to our dedicated page for HNI Corporation news (Ticker: HNI), a resource for investors and traders seeking the latest updates and insights on HNI Corporation 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 Corporation (NYSE: HNI) has announced the election of
Design Public Group, part of HNI Corporation, has appointed Lauren Hession as the new President to lead its contract division, which includes DesignPublicGroup.com, DanishDesignStore.com, and DesignPublic.com. Hession brings extensive experience in sales leadership and operations, aimed at enhancing brand awareness and productivity. Formerly the Divisional VP of Sales and Distribution at Knoll Inc., she significantly boosted revenue in North America. HNI's co-founders will support Hession during her transition, ensuring continued growth in new markets.
HNI Corporation (NYSE: HNI) has declared a quarterly dividend of
HNI Corporation (NYSE: HNI) reported Q2 sales of $621.7 million, a 21.8% increase year-over-year, with net income rising to $30.3 million or $0.72 per diluted share, up from $0.39 in the previous year. Non-GAAP EPS increased 30% to $0.52. The divestiture of Lamex for $75 million will enhance strategic focus and financial flexibility. However, the company lowered its 2022 growth outlook due to signs of a slowing economy, with projected revenue growth rates in the low teens for the Workplace Furnishings segment, down from previous high teens to low 20s.
HNI Corporation (NYSE: HNI) will host its quarterly conference call to discuss second quarter fiscal 2022 results on July 28, 2022, at 11:00 a.m. Eastern. A live webcast will be available on its website, with a replay from 1:00 p.m. Central the same day until August 4, 2022. HNI plans to release its results prior to market opening on July 28. Investors can dial 1-855-761-5600 to participate in the call. For more details, visit HNI's investor page.
HNI Corporation (NYSE: HNI) has successfully completed the sale of its Lamex office furniture business in China and Hong Kong to Kokuyo Co., Ltd. for
HNI Corporation (NYSE: HNI) declared a quarterly dividend of
HNI Corporation (NYSE: HNI) reported first-quarter 2022 sales of $572.3 million, up 18.2% year-over-year, alongside net income of $14.2 million or $0.33 per diluted share. While gross profit margin contracted by 280 basis points to 34.4%, the company noted improvements in price-cost dynamics amidst inflation. The Workplace Furnishings segment saw a revenue rise of 16.6%, but an operating loss of $6.4 million. The Residential Building Products segment achieved a 20.8% growth with operating profit of $40.4 million, though margins decreased. HNI maintains an optimistic outlook for the fiscal year, expecting strong growth driven by pricing and capacity improvements.
HNI Corporation (NYSE: HNI) will conduct its quarterly conference call on April 28, 2022, at 11:00 a.m. Eastern to discuss first quarter fiscal 2022 results. Investors can join by dialing 1-855-761-5600, using Conference ID 7175411. A live webcast will also be accessible on HNI's website, with a replay available from April 28 through May 5, 2022. HNI plans to release financial results prior to market opening on April 28. For further inquiries, investors may contact HNI's Investor Relations.
HNI Corporation (NYSE: HNI) reported annual sales of $2.184 billion for the year ending January 1, 2022, with net income of $59.8 million, translating to a GAAP net income per diluted share of $1.36. Fourth-quarter sales rose 7% to $602.9 million, but net income fell to $8.2 million, with a diluted EPS of $0.19. The company faced price-cost challenges affecting profitability, despite a strong performance in Residential Building Products. Looking ahead, HNI expects robust revenue growth driven by pricing benefits and improved capacity, despite first-quarter challenges.
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