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) reported Q3 2022 sales of $598.8 million, up 2.1% year-over-year, with a net income of $63.1 million, translating to GAAP earnings per share (EPS) of $1.51. Non-GAAP EPS rose 65% to $0.71. The Residential Building Products segment saw a 10% organic revenue increase, while Workplace Furnishings experienced a 4.6% drop. The company anticipates lower fourth-quarter revenue, particularly in Workplace Furnishings, due to macroeconomic challenges and planned restructuring.
HNI Corporation (NYSE: HNI) will hold its quarterly conference call on October 24, 2022, at 11:00 a.m. Eastern to discuss its Q3 fiscal 2022 results. Investors can participate by dialing 1-855-761-5600 with Conference ID: 7175411. A live webcast will be available on their website, with a replay accessible from October 24 to October 31, 2022. HNI plans to release its Q3 results before the market opens on October 24. For more information, visit HNI’s investor relations page.
HNI Corporation (NYSE: HNI) has announced the election of
Design Public Group, part of HNI Corporation, has appointed Lauren Hession as the new President to lead its contract division, which includes DesignPublicGroup.com, DanishDesignStore.com, and DesignPublic.com. Hession brings extensive experience in sales leadership and operations, aimed at enhancing brand awareness and productivity. Formerly the Divisional VP of Sales and Distribution at Knoll Inc., she significantly boosted revenue in North America. HNI's co-founders will support Hession during her transition, ensuring continued growth in new markets.
HNI Corporation (NYSE: HNI) has declared a quarterly dividend of
HNI Corporation (NYSE: HNI) reported Q2 sales of $621.7 million, a 21.8% increase year-over-year, with net income rising to $30.3 million or $0.72 per diluted share, up from $0.39 in the previous year. Non-GAAP EPS increased 30% to $0.52. The divestiture of Lamex for $75 million will enhance strategic focus and financial flexibility. However, the company lowered its 2022 growth outlook due to signs of a slowing economy, with projected revenue growth rates in the low teens for the Workplace Furnishings segment, down from previous high teens to low 20s.
HNI Corporation (NYSE: HNI) will host its quarterly conference call to discuss second quarter fiscal 2022 results on July 28, 2022, at 11:00 a.m. Eastern. A live webcast will be available on its website, with a replay from 1:00 p.m. Central the same day until August 4, 2022. HNI plans to release its results prior to market opening on July 28. Investors can dial 1-855-761-5600 to participate in the call. For more details, visit HNI's investor page.
HNI Corporation (NYSE: HNI) has successfully completed the sale of its Lamex office furniture business in China and Hong Kong to Kokuyo Co., Ltd. for
HNI Corporation (NYSE: HNI) declared a quarterly dividend of
HNI Corporation (NYSE: HNI) reported first-quarter 2022 sales of $572.3 million, up 18.2% year-over-year, alongside net income of $14.2 million or $0.33 per diluted share. While gross profit margin contracted by 280 basis points to 34.4%, the company noted improvements in price-cost dynamics amidst inflation. The Workplace Furnishings segment saw a revenue rise of 16.6%, but an operating loss of $6.4 million. The Residential Building Products segment achieved a 20.8% growth with operating profit of $40.4 million, though margins decreased. HNI maintains an optimistic outlook for the fiscal year, expecting strong growth driven by pricing and capacity improvements.
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