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 reports news on a manufacturing business organized around workplace furnishings and residential building products. Its workplace furnishings activities include furniture systems, seating, storage, tables, architectural products, ancillary products, hospitality products, and workplace brands such as Allsteel. Its residential building products segment includes gas, electric, wood, and pellet-burning fireplaces, inserts, stoves, facings, outdoor fire pits, fire tables, and accessories.
Recurring HNI updates include quarterly and annual earnings, dividend declarations, workplace showroom and brand developments, operational improvement actions, and integration activity following the completed acquisition of Steelcase. Company news also discusses segment demand, price-cost and productivity factors, manufacturing-network decisions, and capital-allocation topics tied to its NYSE-listed common stock.
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.
HNI Corporation (NYSE: HNI) is set to announce its fourth quarter and year-end fiscal 2020 results on March 1, 2021, before market opening. The company will host a conference call at 11:00 a.m. Eastern to discuss the results, accessible via 1-833-522-0258 (Conference ID: 5995465). A live webcast will be available on HNI's website, with a replay accessible until March 8, 2021. HNI is a key player in manufacturing workplace furnishings and residential building products.
The HON Company has launched a new task seating solution named Cliq™, designed to enhance productivity and comfort in diverse work environments. Featuring a lightweight, modern design, Cliq™ incorporates a weight-activated control for instant comfort without adjustments. It is well-suited for collaborative and flexible office spaces, with options for fixed arms or armless designs. The seating comes in various colors and materials, catering to aesthetic preferences. HON emphasizes user-centric design, aiming to ease workspace challenges in 2021.
HNI Corporation (NYSE: HNI) has successfully completed its acquisition of Design Public Group, a prominent e-commerce distributor of high-design furniture for offices and homes. The transaction, which closed on December 31, 2020, was funded through HNI's available cash and did not affect its debt levels. By integrating Design Public's digital capabilities, HNI aims to enhance its digital and e-commerce initiatives, effectively broadening its consumer reach in the increasingly online furniture market.