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) 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.
HNI Corporation (NYSE: HNI) has declared a quarterly dividend of
The dividend is set to be paid on
HNI Corporation (NYSE: HNI) will host its quarterly conference call on February 28, 2022, at 11:00 a.m. Eastern, to discuss its fourth quarter and year-end fiscal 2021 results. The company plans to release these results before market opening on the same day. Investors can participate via a toll-free number or through a live webcast available on HNI's website. A replay will be accessible from February 28, 2022, 1:00 p.m. (Central) until March 7, 2022, 10:59 p.m. (Central).
HNI Corporation (NYSE: HNI) has announced a quarterly dividend of
HNI Corporation (NYSE: HNI) reported Q3 2021 sales of $586.7 million and net income of $19.2 million, marking a 15.7% increase in sales year-over-year. However, GAAP net income per diluted share fell to $0.43 from $0.71 in Q3 2020, representing a 39.4% decline. Residential Building Products revenue surged 26%, while Workplace Furnishings saw an 11% growth. The company plans to expand production in Mexico and recently acquired Trinity Hearth and Home to enhance its market position. Despite challenges from labor shortages and supply chain issues, HNI remains optimistic about long-term growth.
HNI Corporation (NYSE: HNI) will host its quarterly conference call on October 25, 2021, at 11:00 a.m. Eastern to discuss its third-quarter fiscal 2021 results. The results will be released before the market opens on the same day and available on their website. Participants can join the call by dialing 1-833-522-0258, with Conference ID: 3066955. A replay will be accessible from October 25, 1:00 p.m. (Central) until November 1, 10:59 p.m. (Central). For inquiries, contact their Investor Relations.
HNI Corporation (NYSE: HNI) reported strong order trends but faces significant challenges due to labor shortages, supply chain disruptions, and input cost inflation, impacting near-term revenue growth. Workplace Furnishings orders surged 29% compared to last year, while Residential Building Products saw a 41% increase. Despite rising challenges, the company expects Q3 revenue growth of 16-18%, down from prior estimates of mid-20%. Operating income is expected to drop 25-35% from last year. HNI aims to mitigate these impacts by opening a new facility in Saltillo, Mexico, and enhancing productivity.
HNI Corporation (NYSE: HNI) is set to open a new office furniture manufacturing plant in
HNI Corporation (NYSE: HNI) declared a quarterly dividend of 31 cents per share on its common stock, payable on September 1, 2021. Shareholders of record at the close of business on August 20, 2021, will receive this dividend. HNI operates in two segments: Workplace Furnishings and Residential Building Products, being a leader in commercial furnishings and hearth products. This dividend declaration reflects the company’s commitment to returning value to its shareholders.
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