Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live chat discussion of the sector. Sign up today for your two-week free trial and get a new lease on oil & gas! In my opinion, the gift that keeps on giving is none other than HNI Corporation (NYSE: HNI ). In the past, I have been bullish about the company. I have been drawn to it not only by its growth prospects, but also because Crude Value Insights offers you an investing service and community focused on oil ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 28, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________________________ to ______________________________ Commission File Number: 1-14225 HNI Corporation Iowa (Exact name of registrant as specified in its charter) 42 ...

HNI Corporation (NYSE:HNI) Q4 2024 Results Conference Call February 20, 2025 11:00 AM ET Company Participants Matt McCall - Vice President, Investor Relations & Corporate Development Jeff Lorenger - Chairman, President & CEO Vincent Paul Berger - Chief Financial Officer Conference Call Participants Reuben Garner - Benchmark Greg Burns - Sidoti Steven Ramsey - Thompson Research Group Brian Gordon - Water Tower Research Operator Good morning, and welcome to HNI Corporation Fourth Quarter and Year End Fiscal 2 ...

HNI (HNI) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.18%. A quarter ago, it was expected that this maker of office furniture and fireplaces would post earnings of $0.97 per share when it actually produced earnings of $1.03, delivering a surprise of 6.19%.Over the last four qua ...

Financial Performance - HNI Corporation reported full-year net sales of $2.526 billion, a 3.8% increase from the previous year, with fourth-quarter net sales at $642.5 million, down 5.5% year-over-year[3][12][18]. - Full-year GAAP EPS reached $2.88, a 164% increase year-over-year, while non-GAAP EPS was $3.06, up 15.5% from the prior year[5][14][19]. - Operating cash flow exceeded $225 million in 2024, with a year-ending gross debt leverage ratio of 1.1x, indicating a strong balance sheet[5][6]. - Net income attributable to HNI Corporation for the twelve months ended December 28, 2024, was $139.5 million, compared to $49.2 million in 2023, marking a 183.5% increase[42]. - The company reported a net income of $38.3 million for the three months ended December 28, 2024, resulting in an earnings per share (EPS) of $0.79, compared to $0.63 in the same period last year[55]. - For the twelve months ended December 28, 2024, the consolidated net income was $139.5 million, with an EPS of $2.88, and a gross profit margin of 40.9%[60]. Segment Performance - The Workplace Furnishings segment saw an 8.5% increase in full-year net sales to $1.888 billion, with a significant operating income growth of 146%[20]. - Residential Building Products net sales decreased 8.0% year-over-year to $638.4 million, with remodel-retrofit sales declining at a higher rate than new construction[31]. - Operating income for Workplace Furnishings was $169.1 million, with an operating margin of 9.0%, an improvement of 510 basis points year-over-year[28]. - Operating profit margin for Residential Building Products increased 60 basis points to 17.4%, driven by improved net productivity and favorable price-cost dynamics[31]. - Non-GAAP operating income for Residential Building Products decreased by 5.0% to $111.9 million compared to $117.8 million for the previous year[67]. Cost Management and Efficiency - The consolidated operating income margin expanded by 450 basis points on a GAAP basis and 130 basis points on a non-GAAP basis compared to 2023, driven by profit transformation initiatives and synergy benefits[5][14]. - The gross profit margin for the full year improved by 190 basis points to 40.9%, driven by enhanced productivity and favorable price-cost dynamics[14][18]. - The company incurred restructuring and impairment charges of $2.5 million for the three months ended December 28, 2024, significantly lower than $31.4 million in the same period last year[50]. - Restructuring and impairment charges for the year totaled $6.2 million, significantly lower than the previous year's $44.8 million, reflecting improved operational efficiency[18]. - The company is focusing on cost reduction initiatives, with a noted impact of $0.1 million in the Legacy Workplace segment[67]. Future Outlook - The company anticipates a return to net sales growth in 2025, supported by encouraging order rates and backlog levels in both segments[5][12]. - The Corporation anticipates double-digit EPS growth in 2025, driven by synergies from the Kimball International acquisition and increased profits from net sales growth[31]. - The Corporation expects year-over-year net sales growth in the low-to-mid single digits for both segments in 2025, with improving growth rates as the year progresses[31]. - For Q1 2025, Workplace Furnishings net sales are expected to decrease at a low-to-mid single-digit rate year-over-year, while Residential Building Products are projected to increase mid-single digits[31]. Shareholder Returns - The company maintained its quarterly dividend while accelerating stock repurchase activity, with total buybacks and dividends paid amounting to $129 million for the year[5][6]. - The balance sheet remains strong, with low leverage and substantial capacity for capital deployment, focusing on reinvestment, dividends, share buybacks, and M&A opportunities[31].

HNI Corporation (NYSE:HNI) Q3 2024 Earnings Conference Call October 29, 2024 11:00 AM ET Company Participants Matt McCall - VP, IR & Corporate Development Jeff Lorenger - Chairman, President & CEO Marshall Bridges - SVP & CFO VP Berger - EVP Conference Call Participants Reuben Garner - Benchmark Greg Burns - Sidoti Steven Ramsey - Thompson Research Group Brian Gordon - Water Tower Research Operator Thank you for standing by. My name is Amy, and I will be your conference operator for today. At this time, I w ...

HNI (HNI) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.19%. A quarter ago, it was expected that this maker of office furniture and fireplaces would post earnings of $0.60 per share when it actually produced earnings of $0.79, delivering a surprise of 31.67%.Over the last four qua ...

HNI Corporation 600 East Second Street, Muscatine, Iowa 52761, Tel 563 272 7400, Fax 563 272 7347, hnicorp.com News Release HNI CORPORATION REPORTS THIRD QUARTER 2024 RESULTS Double-digit EPS growth fueled by profit transformation and synergy acceleration • Delivered strong third quarter EPS, GAAP $0.98 (+23% YoY) / non-GAAP $1.03 (+11% YoY) • Workplace Furnishings segment operating margin (GAAP and non-GAAP) reached a 20-year high • Residential Building Products segment profit grew in the third quarter des ...

Have you been paying attention to shares of HNI (HNI) ? Shares have been on the move with the stock up 21.3% over the past month. The stock hit a new 52-week high of $55.4 in the previous session. HNI has gained 31% since the start of the year compared to the 8.2% move for the Zacks Business Services sector and the 8.2% return for the Zacks Business - Office Products industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed our earnings con ...

HNI Corporation (NYSE:HNI) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Matthew McCall - VP, Investor Relations and Corporate Development Jeffrey Lorenger - Chairman, President & CEO Marshall Bridges - CFO & SVP Budd Bugatch - Water Tower Research Greg Burns - Sidoti & Company Reuben Garner - The Benchmark Company Steven Ramsey - Thompson Research Group Thank you for standing by. My name is Christina, and I will be your conference operator today. At this time, I would like to welcome everyone ...