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.
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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.