HNI (HNI)
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HNI (HNI) - 2022 Q2 - Earnings Call Presentation
2022-02-04 23:16
● Kimball"International Q2 FY '22 Quarterly Earnings & Strategic Update 喜 Safe Harbor Statement This document may contain certain forward-looking statements about the Company, such as discussions of Company's pricing trends, liquidity, new business results, expansion plans, anticipated expenses and planned schedules. The Company intends such forward- looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 ...
HNI (HNI) - 2021 Q3 - Earnings Call Transcript
2021-10-25 17:46
HNI Corporation (NYSE:HNI) Q3 2021 Earnings Conference Call October 25, 2021 11:00 AM ET Company Participants Matt McCall - VP, IR and Corporate Development Jeff Lorenger - Chairman, President and CEO Marshall Bridges - SVP and CFO Conference Call Participants Greg Burns - Sidoti & Company Reuben Garner - The Benchmark Company Steven Ramsey - Thompson Research Operator Good day, and thank you for standing by. Welcome to the HNI Corporation Third Quarter Fiscal 2021 Results Conference Call. At this time, all ...
HNI (HNI) - 2021 Q3 - Earnings Call Presentation
2021-10-25 14:47
Third Quarter Fiscal 2021 Results October 25th, 2021 Forward-Looking Statements This presentation contains "forward-looking" statements based on current expectations regarding future plans, events, outlook, objectives, financial performance, expectations for sales growth, and earnings per diluted share (GAAP and non-GAAP), including statements regarding the expected effects on the Corporation's business, financial condition and results of operations from the COVID-19 pandemic. Forward-looking statements can ...
HNI (HNI) - 2021 Q2 - Earnings Call Transcript
2021-07-31 18:29
HNI Corporation (NYSE:HNI) Q2 2021 Results Conference Call July 29, 2021 11:00 AM ET Company Participants Matt McCall - Vice President, Investor Relations and Corporate Development Jeff Lorenger - Chairman, President and Chief Executive Officer Marshall Bridges - Senior Vice President and Chief Financial Officer Conference Call Participants Greg Burns - Sidoti & Company Reuben Garner - The Benchmark Company Steven Ramsey - Thompson Research Group Operator Good day and thank you for standing by, and welcome ...
HNI (HNI) - 2021 Q1 - Earnings Call Transcript
2021-05-01 21:54
HNI Corporation (NYSE:HNI) Q1 2021 Earnings Conference Call April 29, 2021 11:00 AM ET Company Participants Matt McCall – Vice President, Investor Relations and Corporate Development Jeff Lorenger – Chairman, President and Chief Executive Officer Marshall Bridges – Senior Vice President and Chief Financial Officer Conference Call Participants Greg Burns – Sidoti and Company Reuben Garner – The Benchmark Company Kathryn Thompson – Thompson Research Group Operator Good day and thank you for standing by. Welco ...
HNI (HNI) - 2021 Q1 - Earnings Call Presentation
2021-04-30 21:52
HNI Corporation Investor Presentation Q121 1 Forward-Looking Statements This release contains "forward-looking" statements based on current expectations regarding future plans, events, outlook, objectives, financial performance, expectations for sales growth, and earnings per diluted share (GAAP and non-GAAP), including statements regarding the expected effects on our business, financial condition and results of operations from the COVID-19 pandemic. Forward-looking statements can be identified by words inc ...
HNI (HNI) - 2021 Q4 - Annual Report
2021-03-02 13:33
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 January 2, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-14225 HNI Corporation Iowa 42-0617510 (State of Incorporation) (I.R.S. Employer No.) 600 East Second Street P. O. Box 1109 Muscatine , Iowa 52761-0071 ( 563 ) 272-7400 | Securities r ...
HNI (HNI) - 2020 Q4 - Earnings Call Transcript
2021-03-01 21:54
Financial Data and Key Metrics Changes - For the full year 2020, the company generated $173 million of free cash flow, an increase of $20 million or 13% from 2019 [5] - The company maintained its debt levels at $175 million, unchanged year-over-year, while increasing its cash balance by $64 million [24] Business Line Data and Key Metrics Changes - The Residential Building Products segment achieved 18% year-over-year revenue growth in Q4 2020, with 16% growth excluding acquisitions [10] - The Workplace Furnishings segment experienced a 19% year-over-year revenue decline, but non-GAAP operating profit exceeded $11 million in Q4 2020 [14] Market Data and Key Metrics Changes - Orders in the Residential Building Products segment grew at a high-teens rate in Q4, with new construction sales up 17% on an organic basis [11] - Orders in the Workplace Furnishings e-commerce business increased by 37% compared to the prior year [15] Company Strategy and Development Direction - The company is focused on enhancing its competitive position in both business segments, leveraging trends such as work from home and de-urbanization [8] - The acquisition of Design Public Group is expected to accelerate strategic initiatives and provide access to a new customer base [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of the cycle and the potential for profit growth, citing strong fundamentals in the residential market [6] - The company anticipates continued strong revenue growth in the Residential Building Products segment, with mid-20% growth expected in Q1 2021 [21] Other Important Information - The company has maintained its dividend since 1955 and paid $52 million in dividends in 2020 [6] - The company is ramping up investments in marketing and operational excellence to better connect with homeowners and drive growth [13][46] Q&A Session Summary Question: Growth rate in the Building Products segment - Management noted that growth is driven by favorable demographics, low inventory, and effective investments in marketing [33] Question: Impact of weather on fireplace sales - Management acknowledged that while cold weather can trigger interest, it is not the primary driver of current growth [36] Question: Workplace business recovery - Management indicated that smaller businesses are more active and that de-urbanization trends are contributing to recovery [38] Question: Design Public Group acquisition revenue expectations - The acquisition is expected to add approximately $36 million to $38 million in revenue for the year [40] Question: Supply chain challenges in Residential Building Products - Management stated that while supply chains are stressed, they are managing to keep up with demand without major disruptions [44] Question: Investment spending in 2021 - The company plans to increase investment spending to $68 million in 2021, doubling the previous year's efforts [46] Question: E-commerce demand drivers - Management confirmed that work from home remains a key driver of e-commerce demand, alongside growth in the gaming segment [47] Question: Confidence in workplace reopening - Management observed an uptick in RFP requests and conversations about re-entering the workplace, indicating a positive outlook [51] Question: Cost normalization and margin outlook - Management expects cost normalization to be roughly neutral in 2021, with various factors impacting margins [52]
HNI (HNI) - 2019 Q4 - Annual Report
2020-02-25 22:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 28, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-14225 HNI Corporation Iowa 42-0617510 (State of Incorporation) (I.R.S. Employer No.) 600 East Second Street P. O. Box 1109 Muscatine , Iowa 52761-0071 ( 563 ) 272-7400 Securities ...