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Mar 29, 2025
HNI Q1 2025 Earnings Report
Reported Q1 2025 results with year-over-year earnings and revenue growth
Key Takeaways
HNI Corporation delivered a solid start to 2025 with year-over-year growth in both revenue and earnings per share (non-GAAP). The company saw increased net sales driven by the Residential Building Products segment and improved non-GAAP operating margin.
Net sales increased 2.0% year-over-year to $599.8 million.
GAAP EPS was $0.29, a decrease of 21.6% year-over-year.
Non-GAAP EPS increased 18.9% year-over-year to $0.44.
Non-GAAP operating margin reached its highest Q1 level since 2007 at 5.3%.
Revenue by Segment
Forward Guidance
HNI Corporation anticipates continued net sales growth and solid non-GAAP EPS growth in the second quarter and expects double-digit EPS growth for the full year 2025, with elevated earnings visibility through 2026.
Positive Outlook
- Expected mid-single digit net sales growth year-over-year in Workplace Furnishings for Q2 2025.
- Expected low-single digit net sales growth year-over-year in Residential Building Products for Q2 2025.
- Solid increase expected in non-GAAP EPS for Q2 2025 compared to 2024.
- Double-digit percent EPS growth expected for the full year 2025.
- Elevated earnings growth visibility remains through 2026 from ongoing initiatives.
Challenges Ahead
- Expected temporary price-cost pressure from tariffs in Q2 2025.
- Macro headwinds and demand volatility are expected over the near-term.
- Guidance is subject to elevated levels of uncertainty given current macro conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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