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HNI Corp (HNI.N)

HNI.N on New York Stock Exchange

35.60USD
18 Dec 2018
Change (% chg)

$0.56 (+1.60%)
Prev Close
$35.04
Open
$35.42
Day's High
$36.04
Day's Low
$35.25
Volume
91,331
Avg. Vol
60,445
52-wk High
$45.38
52-wk Low
$32.58

Latest Key Developments (Source: Significant Developments)

HNI Corporation Elects Larry B. Porcellato To Assume Role Of Chairman
Thursday, 8 Nov 2018 

Nov 7 (Reuters) - HNI Corp ::HNI CORPORATION ANNOUNCES NEW CHAIRMAN OF BOARD OF DIRECTORS.HNI CORP - RETIREMENT OF STAN A. ASKREN FROM ITS BOARD OF DIRECTORS EFFECTIVE DECEMBER 31, 2018.HNI CORP - ELECTION OF LARRY B. PORCELLATO TO ASSUME ROLE OF CHAIRMAN OF ITS BOARD OF DIRECTORS EFFECTIVE JANUARY 1, 2019.  Full Article

HNI Corp Reports Q4 Non-GAAP Earnings Per Share $1.97
Friday, 9 Feb 2018 

Feb 8 (Reuters) - HNI Corp ::ORATION REPORTS EARNINGS FOR FOURTH QUARTER AND FISCAL YEAR 2017.SEES Q1 NON-GAAP EARNINGS PER SHARE $0.01 TO $0.06 EXCLUDING ITEMS.Q4 NON-GAAP EARNINGS PER SHARE $1.97.Q4 GAAP EARNINGS PER SHARE $0.77 INCLUDING ITEMS.Q4 SALES ROSE 0.5 PERCENT TO $584.3 MILLION.SEES FY 2018 NON-GAAP EARNINGS PER SHARE $2.40 TO $2.80.SEES FY 2018 SALES UP 1 TO 4 PERCENT.SEES Q1 SALES UP 2 TO 5 PERCENT.  Full Article

HNI To Discontinue Paoli Office Furniture Brand
Thursday, 7 Dec 2017 

Dec 6 (Reuters) - Hni Corp ::HNI SAYS TO DISCONTINUE PAOLI OFFICE FURNITURE BRAND - SEC FILING.HNI CORP - MANUFACTURING OF PAOLI BRANDED PRODUCTS WILL CEASE IN Q1 OF 2018.HNI - ESTIMATES DISCONTINUATION OF PAOLI OFFICE FURNITURE BRAND TO GENERATE CASH PAYBACK IN LESS THAN 1 YEAR & SAVE $7.0 MILLION ANNUALLY BEGINNING IN Q1.HNI CORP - ANTICIPATES CHARGES RELATED TO DISCONTINUATION OF PAOLI OFFICE FURNITURE BRAND WILL IMPACT PRE-TAX EARNINGS AN ESTIMATED $25.4 MILLION.  Full Article

HNI Corp reports Q3 earnings per share $0.84
Tuesday, 24 Oct 2017 

Oct 23 (Reuters) - HNI Corp :HNI Corporation reports earnings for third quarter fiscal year 2017.Sees Q4 non-gaap earnings per share $0.38 to $0.45 excluding items.Sees FY 2017 non-gaap earnings per share $1.88 to $1.95 excluding items.Q3 non-gaap earnings per share $0.82.Q3 gaap earnings per share $0.84.Q3 sales $599.5 million versus I/B/E/S view $585.1 million.Q3 earnings per share view $0.80 -- Thomson Reuters I/B/E/S.Sees FY 2018 non-gaap earnings per share $2.15 to $2.65.HNI Corp - ‍for Q4 2017, corporation expects sales to be flat to down 3 percent​.HNI Corp - ‍Q4 organic sales, which exclude impacts of acquisitions and divestitures, are expected to be flat to up 3 percent​.HNI Corp - "‍we are expecting a significant decline in our q4 profit​".Q4 earnings per share view $0.96, revenue view $601.2 million -- Thomson Reuters I/B/E/S.HNI -Lower Q4 volume in supplies-driven business, higher costs related to operational transformations,among others, primarily driving reduced outlook​.HNI Corp - ‍estimates full year 2018 consolidated organic net sales up 2 to 5 percent​.  Full Article

HNI Corp reports Q2 GAAP earnings per share $0.31
Tuesday, 25 Jul 2017 

July 24 (Reuters) - HNI Corp :HNI Corporation reports earnings for second quarter fiscal year 2017.Sees Q3 non-GAAP earnings per share $0.76 to $0.86 excluding items.Q2 non-GAAP earnings per share $0.42.Q2 GAAP earnings per share $0.31.Q2 sales $514.5 million versus I/B/E/S view $516.1 million.Q2 earnings per share view $0.43 -- Thomson Reuters I/B/E/S.Sees FY 2017 non-GAAP earnings per share $2.35 to $2.55 excluding items.Full year organic sales are expected to be up 2 to 5 percent.Including impacts of acquisitions and divestitures, full year sales are expected to be down 2 percent to up 1 percent.For Q3, organic sales are expected to be up 7 to 10 percent.Including impacts of acquisitions and divestitures, q3 sales are expected to be down 1 percent to up 2 percent.FY2017 earnings per share view $2.52 -- Thomson Reuters I/B/E/S.Q3 earnings per share view $0.82 -- Thomson Reuters I/B/E/S.  Full Article

HNI Corp sees FY adj EPS of $2.40 to $2.70
Friday, 9 Jun 2017 

June 8 (Reuters) - HNI Corp ::HNI Corporation updates guidance for second quarter and fiscal year 2017.Sees q2 non-gaap earnings per share $0.41 to $0.46.Sees fy non-gaap earnings per share $2.40 to $2.70.HNI Corp - ‍expects q2 non-gaap earnings per diluted share to be in range of $0.41 to $0.46​.HNI Corp - ‍q2 consolidated organic sales growth is expected to be in range of 0 to 1 percent​.HNI - sees ‍fy consolidated organic sales to grow 2 to 5 percent versus prior year​.HNI - in short term, "results are being negatively impacted by accelerating channel shifts and timing of orders".Fy2017 earnings per share view $2.97, revenue view $2.23 billion -- Thomson Reuters I/B/E/S.Q2 earnings per share view $0.70, revenue view $544.6 million -- Thomson Reuters I/B/E/S.HNI-‍slower demand in supplies-driven office furniture business, higher inflation, competitive pricing pressure among other things driving reduced outlook for fy​.HNI - seeing destocking of wholesalers' inventory, which is contributing to a faster than expected sales decline in wholesale channel.HNI - ‍orders in supplies-driven business started q2 slowly​.HNI - ‍although orders are recovering, more of co's q2 orders will ship in q3 than previously expected​.HNI - ‍current backlog in supplies-driven business is up substantially compared to beginning of q2.  Full Article

HNI CORP INCREASES QUARTERLY DIVIDEND 4 PCT TO $0.285 PER SHARE
Tuesday, 9 May 2017 

May 9 (Reuters) - HNI Corp :HNI CORPORATION INCREASES QUARTERLY DIVIDEND 4%.INCREASES QUARTERLY DIVIDEND BY 4 PERCENT TO $0.285PER SHARE.  Full Article

HNI Q1 non-gaap earnings per share $0.26
Thursday, 20 Apr 2017 

April 19 (Reuters) - HNI Corp ::HNI Corporation reports earnings for first quarter fiscal year 2017.Sees q2 non-gaap earnings per share $0.65 to $0.72 excluding items.Q1 non-gaap earnings per share $0.26.Q1 gaap earnings per share $0.11.Q1 sales $477.7 million versus i/b/e/s view $470.1 million.Q1 earnings per share view $0.22 -- Thomson Reuters I/B/E/S.Sees FY 2017 non-gaap earnings per share $2.80 to $3.10 excluding items.Sees FY 2017 sales up 2 percent.HNI Corp - for q2, organic sales are expected to be up 4 to 7 percent.Fy2017 earnings per share view $2.94, revenue view $2.23 billion -- Thomson Reuters I/B/E/S.HNI Corp - full year organic sales are expected to be up 3 to 6 percent..Q2 earnings per share view $0.71, revenue view $541.7 million -- Thomson Reuters I/B/E/S.  Full Article

HNI Corp says on February 6, 2017, approved closure of its Colville, Washington hearth manufacturing facility
Thursday, 9 Feb 2017 

HNI Corp : HNI Corp says on February 6, 2017, approved closure of its Colville, Washington hearth manufacturing facility . HNI Corp says to consolidate Colville production into existing hearth manufacturing facilities . HNI Corp says anticipates closure and consolidation of Colville facility to be substantially completed by end of Q3 2017 . HNI Corp says corporation estimates realignment will save $2.8 million annually beginning in Q4 2017. .HNI Corp says corporation anticipates charges related to closure and consolidation will impact pre-tax earnings an estimated $6.7 million..  Full Article

HNI corporation reports Q4 earnings per share $0.24
Thursday, 9 Feb 2017 

HNI Corp : Hni Corporation reports increased earnings for fiscal year 2016 . Sees Q1 non-GAAP earnings per share $0.17 to $0.24 excluding items . Q4 non-GAAP earnings per share $0.82 . Q4 earnings per share $0.24 . Q4 sales $581.3 million versus I/B/E/S view $581.5 million . Q4 earnings per share view $0.85 -- Thomson Reuters I/B/E/S . Sees FY 2017 non-gaap earnings per share $2.80 to $3.15 excluding items . HNI corp - for Q1, organic sales are expected to be down 3 to 6 percent over same period in prior year . HNI Corp - full year organic sales growth is expected to be 3 to 6 percent .FY2017 earnings per share view $3.00 -- Thomson Reuters I/B/E/S.  Full Article