HNI Earnings Reports

HNI Corporation's Q4 2024 net sales declined by 5.5% year-over-year to $642.5 million. GAAP EPS increased significantly to $0.79, while non-GAAP EPS declined to $0.87. Operating income saw a sharp increase on a GAAP basis due to lower restructuring costs. Workplace Furnishings and Residential Building Products both experienced revenue declines.

HNI Corporation reported net sales of $672.2 million and net income of $47.5 million for the third quarter ended September 28, 2024. Non-GAAP EPS increased 11 percent year-over-year despite lower revenue. Consolidated operating margin expanded 220 basis points on a GAAP basis and 150 basis points on a non-GAAP basis versus the prior-year period.

HNI Corporation reported net sales of $623.7 million and net income of $36.0 million for the second quarter ended June 29, 2024. Non-GAAP EPS of $0.79 was a record for the second quarter, driven by continued operating margin expansion in Workplace Furnishings, strong accretion from Kimball International, and profit growth in Residential Building Products.

HNI Corporation reported a strong start to 2024, with first-quarter earnings per share up considerably on both a GAAP and non-GAAP basis versus the prior year, despite an 8.1% year-over-year organic revenue decline. Profit transformation actions in Workplace Furnishings and solid accretion from Kimball International drove the positive results.

HNI Corporation reported a 19 percent increase in fourth-quarter sales to $679.8 million and net income of $22.7 million. GAAP earnings per share were $0.48, and non-GAAP earnings per share were $0.98. The company saw margin expansion in Workplace Furnishings and Residential Building Products, with the Kimball International acquisition contributing positively to earnings.

HNI Corporation's Q3 2023 results showed a mix of growth and challenges. While consolidated net sales increased by 18.8% to $711.6 million, organic sales decreased by 7.1%. The acquisition of Kimball International contributed significantly to sales growth. Profitability improved, with gross profit margin expanding by 510 basis points. The company is focused on expanding margins in Workplace Furnishings and driving long-term revenue growth in Residential Building Products.

HNI Corporation reported sales of $563.5 million and a net loss of $12.8 million. Non-GAAP EPS grew six percent despite a nine percent decline in net sales compared to the prior year.

HNI Corporation reported net sales of $479.1 million and net income of $1.6 million for the first quarter ended April 1, 2023. Workplace Furnishings saw profit growth, while Residential Building Products adjusted to softer housing demand.

HNI Corporation's Q4 2022 sales were $568.9 million, a decrease of 6% from the previous year. Net income for the quarter was $16.3 million, with GAAP EPS at $0.39 and non-GAAP EPS at $0.63.

HNI Corporation announced sales of $598.8 million and net income of $63.1 million for the third quarter ended October 1, 2022. GAAP net income per diluted share was $1.51, while non-GAAP net income per diluted share was $0.71. The company initiated cost savings actions estimated at $30 million annually.

HNI Corporation announced sales of $621.7 million and net income of $30.3 million for the second quarter ended July 2, 2022. The company experienced strong earnings growth, driven by solid organic volume growth and positive price-cost. They also divested Lamex and continued investment and capital deployment.

HNI Corporation reported Q3 2021 sales of $586.7 million and net income of $19.2 million. Revenue increased 15.7% year-over-year, driven by growth in both Residential Building Products and Workplace Furnishings. However, earnings per share decreased to $0.43 compared to $0.71 in the prior year due to unfavorable price-cost, return of costs related to temporary actions taken in the prior-year quarter and increased investment spend.

HNI Corporation announced sales of $510.5 million and net income of $17.4 million for the second quarter ended July 3, 2021. Non-GAAP EPS doubled year-over-year, driven by exceptional performance in Residential Building Products and recovery in Workplace Furnishings.

HNI Corporation announced sales of $484.3 million and net income of $15.0 million for the first quarter ended April 3, 2021. GAAP net income per diluted share was $0.34, while non-GAAP net income per diluted share was $0.36.

HNI Corporation reported Q4 2020 sales of $562.1 million, a 9% decrease from the previous year. Net income was $22.6 million, with GAAP EPS at $0.52 and non-GAAP EPS at $0.66. The Residential Building Products segment saw double-digit revenue and profit growth, while Workplace Furnishings experienced a decline.

HNI Corporation announced sales of $507.1 million and net income of $30.7 million for the third quarter ended September 26, 2020. The company saw strong results in Residential Building Products and solid profits in Workplace Furnishings, along with continued strong cash flow and a high-quality balance sheet.

HNI Corporation reported Q2 2020 sales of $417.5 million and net income of $12.6 million. The company managed costs and drove productivity, offsetting much of the impact from lower volumes. They also saw increased operating profit in the Residential Building Products segment and maintained a solid operating profit in the Workplace Furnishings segment.

HNI Corporation reported a decrease in net sales by 2.2% to $468.7 million and a net loss of $23.9 million for the first quarter of 2020. However, non-GAAP EPS increased to $0.21, driven by price realization and cost savings initiatives, despite the impact of the COVID-19 pandemic.

HNI Corporation reported Q4 sales of $616 million, up 3% from the previous year. GAAP net income per diluted share was $1.10, compared to $0.73 in the prior year, and non-GAAP net income per diluted share was $1.12, compared to $0.97 in the prior year.