Hni Corp Stock Price, News & Analysis

HNI Corporation (NYSE: HNI) will host its quarterly conference call on October 25, 2021, at 11:00 a.m. Eastern to discuss its third-quarter fiscal 2021 results. The results will be released before the market opens on the same day and available on their website. Participants can join the call by dialing 1-833-522-0258, with Conference ID: 3066955. A replay will be accessible from October 25, 1:00 p.m. (Central) until November 1, 10:59 p.m. (Central). For inquiries, contact their Investor Relations.

HNI Corporation (NYSE: HNI) reported strong order trends but faces significant challenges due to labor shortages, supply chain disruptions, and input cost inflation, impacting near-term revenue growth. Workplace Furnishings orders surged 29% compared to last year, while Residential Building Products saw a 41% increase. Despite rising challenges, the company expects Q3 revenue growth of 16-18%, down from prior estimates of mid-20%. Operating income is expected to drop 25-35% from last year. HNI aims to mitigate these impacts by opening a new facility in Saltillo, Mexico, and enhancing productivity.

HNI Corporation (NYSE: HNI) is set to open a new office furniture manufacturing plant in Saltillo, Mexico. The 160,000 square foot facility aims to enhance production capacity to meet rising customer demand for office seating. With regulatory approval, it is predicted to employ 250 workers and commence operations in Q1 2022. HNI is collaborating with American Industries and the local government of Coahuila to ensure a supportive business environment.

HNI Corporation (NYSE: HNI) declared a quarterly dividend of 31 cents per share on its common stock, payable on September 1, 2021. Shareholders of record at the close of business on August 20, 2021, will receive this dividend. HNI operates in two segments: Workplace Furnishings and Residential Building Products, being a leader in commercial furnishings and hearth products. This dividend declaration reflects the company’s commitment to returning value to its shareholders.

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.