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) 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.
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.
HNI Corporation has released its biennial Corporate Responsibility Report, showcasing significant environmental and social achievements. The company achieved a 79% reduction in Scope 1 and 2 greenhouse gas emissions and advanced its zero waste initiative, with ten sites reaching zero waste to landfill status.
Key highlights include a $1 million donation to Muscatine Mulberry Health Clinic and $500,000 pledge to Regional Wellness Center in Jasper, Indiana. The company expanded member support through translation services and leadership training. Environmental initiatives include eliminating polystyrene foam packaging and improving chemical transparency through Health Product Declarations.
As a manufacturer of workplace furnishings and residential building products, HNI operates through two segments: Workplace Furnishings and Residential Building Products. The latter leads the nation in hearth products manufacturing, including gas, electric, wood, and pellet-burning fireplaces and accessories.
HNI (NYSE: HNI) has announced its upcoming first quarter fiscal 2025 earnings conference call scheduled for Wednesday, May 7, 2025, at 11:00 a.m. Eastern time. The company will release its Q1 2025 results before the market opens on the same day.
The conference call will be accessible via phone (toll-free: 1-855-761-5600, Conference ID: 7175411) and through a live webcast on the company's investor relations website. A replay will be available until May 14, 2025.
HNI , with over 75 years of experience, operates through two main segments: Workplace Furnishings, a global commercial furnishings provider, and Residential Building Products, the nation's leading manufacturer of hearth products including fireplaces, stoves, and accessories.