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 (NYSE: HNI) serves as a leading innovator in commercial furnishings and residential hearth products, with this news hub providing essential updates for stakeholders. Track official announcements spanning workplace furniture developments, residential product innovations, and strategic business initiatives.
This centralized resource offers investors and industry professionals timely access to earnings reports, leadership changes, manufacturing advancements, and market expansion updates. All content undergoes rigorous verification to ensure accuracy and relevance to HNI's core operations in office solutions and home comfort technologies.
Key coverage areas include product line expansions in ergonomic office systems, sustainability initiatives across manufacturing facilities, and partnerships within the building products sector. The archive maintains complete records of SEC filings, investor communications, and operational milestones since the company's 1944 founding.
Bookmark this page for direct access to HNI's evolving story in commercial interiors and residential heating solutions. Combine regular visits with portfolio monitoring tools for comprehensive market analysis of this durable goods manufacturer.
HNI Corporation (NYSE: HNI) will discuss its first quarter fiscal 2023 results during a conference call on May 8, 2023, at 11:00 a.m. Eastern. Investors can join the call by dialing 1-855-761-5600 with Conference ID: 7175411. A live webcast will also be available on HNI's website, and a replay of the call will be accessible from 1:00 p.m. Central on the same day until May 15, 2023. HNI aims to release its first-quarter results before the market opens on May 8, 2023. The company operates in two segments: Workplace Furnishings and Residential Building Products, holding a strong position in both commercial furnishings and hearth products markets.
HNI Corporation (NYSE: HNI) has announced its acquisition of Kimball International (NASDAQ: KBAL) in a cash and stock transaction valued at approximately $485 million. Each Kimball shareholder will receive $9.00 in cash plus 0.1301 shares of HNI common stock, resulting in Kimball shareholders owning around 10% of the combined entity. The merger is projected to generate $25 million in annual cost synergies within three years, enhancing HNI's revenue potential, which will reach approximately $3.1 billion post-transaction. The deal has been unanimously approved by both companies' boards and is expected to close by mid-2023.
HNI Corporation (NYSE: HNI) reported full-year 2022 sales of $2.362 billion and a net income of $123.9 million. The GAAP net income per diluted share rose to $2.94 from $1.36 in 2021. In Q4 2022, sales were $568.9 million, down 6% year-over-year, but net income increased by 105% to $16.3 million. The company experienced significant margin expansions, with non-GAAP gross margin up 390 basis points.
Despite a challenging environment, HNI expects continued pressure in 2023 but anticipates improved long-term profitability through strategic actions and a strong balance sheet with a gross leverage ratio of 0.7.
HNI Corporation (NYSE: HNI) declared a quarterly dividend of
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