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 strong Q2 2021 results, with sales of $510.5 million, up 22.3% year-over-year. Net income rose to $17.4 million, translating to GAAP EPS of $0.39 and non-GAAP EPS of $0.40, both doubling from the previous year. Residential Building Products saw a remarkable 51% organic sales growth, while Workplace Furnishings grew 9%. Despite challenges from labor shortages and inflation, the company projects mid-20% revenue growth for Q3 2021. Profit growth is expected to accelerate post-Q3 as price adjustments take effect.
HNI Corporation (NYSE: HNI) will hold its quarterly conference call on July 29, 2021, at 11:00 a.m. Eastern to discuss its second-quarter fiscal 2021 results. The company will release its financial results before the market opens on the same day and will provide a live webcast of the call on its website. A replay will be available from July 29 at 1:00 p.m. Central until August 5 at 10:59 p.m. Central. For participation, dial 1-833-522-0258 with Conference ID 9696837.
The HON Company has launched Workwall, a customizable tack zone solution designed for modern workspaces, enhancing organization and collaboration. This innovative product supports various office layouts and aesthetics, featuring a range of accessories like shelves and hooks for personalization. Available for installation through dedicated partners, Workwall aims to transform workstations into productive environments. The product showcases HON's commitment to addressing evolving workplace needs since 1944, as part of HNI Corporation's extensive office furniture offerings.
HNI Corporation (NYSE: HNI) declared a quarterly dividend of 31 cents per share on its common stock. The dividend will be payable on June 1, 2021, to shareholders of record as of May 21, 2021. HNI operates in two segments: Workplace Furnishings, a major designer of commercial furnishings, and Residential Building Products, the top manufacturer of hearth products in the U.S.
HNI Corporation (NYSE: HNI) reported Q1 2021 sales of $484.3 million and net income of $15.0 million, translating to a GAAP net income per diluted share of $0.34, a strong recovery from $(0.56) the prior year. Non-GAAP earnings also improved to $0.36 from $0.21. The Residential Building Products segment saw a remarkable 39% revenue increase year-over-year, with operating profits rising over 90%. Workplace Furnishings revenue declined 12%, but this marked the lowest drop since the pandemic began. HNI’s cash position doubled to $94 million.
HNI Corporation (NYSE: HNI) has released its 2020 Corporate Social Responsibility Report, highlighting its commitment to global citizenship and community impact. Key achievements include donating over 70,000 PPE items during COVID-19, signing the CEO Action for Diversity & Inclusion pledge, and committing to the UN Global Compact. HNI has pledged to use 100% renewable electricity and has set ambitious environmental goals, such as achieving zero waste to landfills by 2030. The report emphasizes long-term success through sustainable practices and community engagement.
HNI Corporation (NYSE: HNI) is set to release its first-quarter fiscal 2021 results on April 28, 2021, post-market close. A quarterly conference call for investors will take place on April 29, 2021, at 11:00 a.m. Eastern. Investors can participate by calling 1-833-522-0258 with Conference ID: 7988133. A live webcast will be available on the company's website. HNI operates in two segments: Workplace Furnishings and Residential Building Products, focusing on commercial furnishings and hearth products, respectively.
HNI Corporation (NYSE: HNI) and Marxent have launched new 3D Commerce applications aimed at enhancing the online shopping experience for home office furniture. The new tools include a 3D Product Configurator for Hearth & Home Technologies and the HON Now 3D Room Planner, developed to cater to the growing demand for ergonomic home office solutions as telecommuting rises. The accelerated adoption of remote work has driven a surge in home office furniture sales, making interactive online shopping essential.
HNI Corporation reported full-year 2020 sales of $1.955 billion and a net income of $41.9 million, with diluted GAAP EPS of $0.98, down from $2.54 in 2019. Q4 sales dropped 9% year-over-year to $562.1 million, leading to a net income of $22.6 million and diluted GAAP EPS of $0.52. The Residential Building Products segment showed resilience with a 15.9% organic sales increase, while Workplace Furnishings faced an 18.6% decline. The company generated strong cash flow with $214 million for the year and maintained a low debt leverage ratio of 1.0x.
HNI Corporation (NYSE: HNI) has declared a quarterly dividend of 30.5 cents per share on its common stock. This dividend is payable on March 8, 2021, to shareholders of record as of the close of business on March 1, 2021. HNI Corporation is a leading manufacturer of workplace furnishings and residential building products, operating in two primary segments: Workplace Furnishings and Residential Building Products, which includes a variety of hearth products.
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