Hni (HNI) Stock News

HNI Corporation (NYSE: HNI) has launched an exchange offer and consent solicitation in connection with its previously announced acquisition of Steelcase (NYSE: SCS). The exchange offer allows eligible holders to swap Steelcase's existing 5.125% Notes due 2029 for new HNI notes worth up to $450 million.

The combined company will have pro forma net sales of approximately $5.7 billion based on 2024 figures. For each $1,000 of existing notes tendered by the Early Tender Date (October 9, 2025), eligible holders can receive $1,000 in new HNI notes plus a $2.50 cash consent payment. The exchange offer expires on October 27, 2025.

The acquisition is expected to close in Q4 2025, subject to shareholder approvals and antitrust clearances. The new HNI notes will be guaranteed by several subsidiaries and secured by first-lien basis on substantially all tangible and intangible assets.

Allsteel (NYSE:HNI) has unveiled its innovative Design Lab in Washington, D.C., marking a significant departure from traditional showroom concepts. The lab, created in partnership with Gensler D.C., operates as a dynamic workspace laboratory embodying the company's "Living in Beta" philosophy.

The facility features six specialized zones supporting key workplace behaviors: Focus, Mentorship, Innovation, Collaboration, Socialization, and Learning. Key areas include the Social Crossroads + All-Day Cafe, Today's Boardroom Experience, Sustainability Installation, Co-Solutioning Zones, 360° Leadership offices, and Materials Lab + Digital Theatre.

Located at 1050 17th Street NW, the Design Lab serves as an experimental space where clients can actively participate in workplace design solutions, test products, and explore evolving office concepts.

HNI Corporation (NYSE: HNI) has declared a quarterly dividend of 34 cents per share on its common stock. The dividend will be payable on September 11, 2025, to shareholders of record as of August 22, 2025.

HNI Corporation, with over 75 years of history, operates through two main segments: Workplace Furnishings, which provides commercial furnishings globally, and Residential Building Products, which leads the nation in hearth products manufacturing including fireplaces, stoves, and accessories.

HNI Corporation (NYSE: HNI) has announced a definitive agreement to acquire Steelcase Inc. (NYSE: SCS) in a cash and stock transaction valued at approximately $2.2 billion. Under the deal terms, Steelcase shareholders will receive $7.20 in cash and 0.2192 HNI shares for each Steelcase share, implying an $18.30 per share purchase price.

The combined company will have pro forma annual revenue of $5.8 billion and pro forma Adjusted EBITDA of $745 million. Expected annual run-rate synergies total $120 million. Post-closing, HNI shareholders will own approximately 64% of the combined company, while Steelcase shareholders will retain 36%.

The transaction is expected to close by the end of 2025, subject to shareholder and regulatory approvals. Jeffrey Lorenger will continue as CEO of the combined company, with HNI maintaining its Muscatine, Iowa headquarters while preserving Steelcase's Grand Rapids, Michigan location.

HNI Corporation (NYSE: HNI) reported strong Q2 2025 results with net sales of $667.1 million and net income of $48.2 million. The company achieved significant year-over-year improvements, with GAAP diluted EPS increasing 36% to $1.02 and non-GAAP diluted EPS rising 41% to $1.11.

Key highlights include a 7% increase in total net sales and nearly 8% growth in organic net sales. The Workplace Furnishings segment saw 7.4% revenue growth to $516.0 million, while Residential Building Products grew 5.3% to $151.1 million. Operating margins reached record Q2 levels, with consolidated non-GAAP operating margin expanding 200 basis points to 11.0%.

The company expects continued growth through 2025, projecting mid-single-digit net sales growth in both segments and double-digit EPS growth. Additional EPS benefits of $0.50 to $0.60 are expected over the next 18 months from Kimball International synergies and Mexico facility ramp-up.

HNI Corporation (NYSE: HNI) has announced its second quarter fiscal 2025 earnings conference call, scheduled for Thursday, July 24, 2025, at 11:00 a.m. Eastern. The company will release its Q2 2025 results before the market opens on the same day.

Investors can access the call via telephone at 1-855-761-5600 (Conference ID: 7175411) or through a live webcast on the company's investor relations website. A replay will be available until July 31, 2025.

HNI Corporation, with over 75 years of history, operates through two segments: Workplace Furnishings and Residential Building Products, specializing in commercial furnishings and hearth products respectively.

HNI Corporation (NYSE: HNI) has inaugurated its largest solar installation to date at its Highway 61 facility in Muscatine, Iowa. The new solar array will generate over 1,500 MWh annually, accounting for approximately 7% of the facility's annual electricity consumption.

The project, celebrated with a ribbon-cutting ceremony attended by company leaders and community partners, represents a significant step in HNI's broader sustainability strategy, focusing on renewable energy adoption and carbon footprint reduction.

Allsteel has enhanced its popular Evo chair series with sustainable features and design improvements. The key innovation is a new Quilted Knit Back made from SEAQUAL® upcycled marine litter, produced through a zero-waste manufacturing process in collaboration with Camira Fabrics. The chair features a quilted infill structure with pillow-like channels that adapt to users' movements, combining comfort with environmental consciousness. Select Evo models are now certified carbon neutral, with carbon footprints offset through Verified Carbon Standard Credits supporting U.S. reforestation projects. The chair maintains SCS Indoor Advantage™ Gold and BIFMA LEVEL® 3 certifications. Additional enhancements include 40 new painted aluminum finish options for arms and bases, weight-activated control, dual density foam, and 4D Arms for improved ergonomics.

HNI Corporation (NYSE: HNI) has announced a quarterly dividend increase to 34 cents per share on its common stock. The dividend will be payable on June 11, 2025, to shareholders of record as of May 23, 2025.

HNI Corporation, with over 75 years of experience, operates through two main segments: the Workplace Furnishings segment, which is a global leader in commercial furnishings, and the Residential Building Products segment, which leads the nation in hearth products manufacturing, including fireplaces, stoves, and accessories.