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HNI Corporation

HNI Corporation

NYSE•HNI
CEO: Mr. Jeffrey D. Lorenger J.D.
Sector: Industrials
Industry: Business Equipment & Supplies
Listing Date: 1980-03-17
HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands. This segment sells its products through independent office products dealers, wholesalers, office product distributors, e-commerce focused resellers, and wholesalers, as well as directly to end-user customers and governments. The Residential Building Products segment provides various gas, wood, electric, and pellet-fueled prefabricated fireplaces; and inserts, hearth stoves, facings, outdoor fire pits and fire tables, and accessories. This segment sells its products primarily for home use under the Heatilator, Heat & Glo, Majestic, Monessen, Quadra-Fire, Harman, Vermont Castings, PelPro, Stellar, SimpliFire, The Outdoor GreatRoom Company, and Forge & Flame brand names through independent dealers and distributors, and corporation-owned distribution and retail outlets. The company was incorporated in 1944 and is headquartered in Muscatine, Iowa.
Contact Information
600 East Second Street, PO Box 1109, Muscatine, IA, 52761-0071, United States
563-272-7400
www.hnicorp.com
Market Cap
$1.80B
P/E (TTM)
12.8
18.7
Dividend Yield
3.4%
52W High
$58.42
52W Low
$38.46
52W Range
4%
5.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$683.80M+1.73%
4-Quarter Trend

EPS

$0.89-11.00%
4-Quarter Trend

FCF

$135.90M+19.21%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Sales Increased 3.5% Nine months net sales reached $1.95B USD, growing 3.5% driven by price realization across segments.
Gross Margin Expansion Noted Gross profit margin improved 70 basis points to 41.7% for nine months, reflecting improved net productivity.
Operating Cash Flow Stronger Operating cash flow provided $198.9M USD for nine months, up from $175.5M USD prior period.
Net Income Up Slightly Net income attributable to HNI Corporation grew 2.2% to $103.4M USD for nine months period.

Risk Factors

Steelcase Acquisition Uncertainty Pending $2.1B Steelcase acquisition introduces integration risks, potential cost overruns, and shareholder dilution concerns.
Increased Long-Term Debt Long-Term Debt increased to $324.2M USD as financing secured for pending merger transactions closes.
Transaction Costs Impact Earnings Q3 2025 net income fell 13.2% due to $9.7M in one-time costs associated with the Steelcase acquisition.
Macroeconomic Headwinds Persist Residential segment faces challenging housing dynamics, interest rate volatility, and inventory issues impacting growth.

Outlook

Steelcase Acquisition Closing Transaction expected to close before end of calendar 2025, contingent on regulatory approvals and shareholder votes.
Workplace Margin Expansion Focus Workplace furnishings segment prioritizes margin expansion through integration of Kimball and optimization initiatives.
Dividend Rate Maintained Corporation committed to maintaining or modestly increasing the quarterly dividend rate, recently raised $0.01 per share.
Capital Expenditures Planned Full year 2025 capital expenditures expected between $75M USD and $80M USD for operational improvements.

Peer Comparison

Revenue (TTM)

Hub Group, Inc.HUBG
$3.73B
-5.8%
Steelcase Inc.SCS
$3.26B
+3.9%
Atkore Inc.ATKR
$2.89B
-12.1%

Gross Margin (Latest Quarter)

Hub Group, Inc.HUBG
84.7%
+77.4 pp
Pitney Bowes Inc.PBI
56.3%
+4.0 pp
HNI CorporationHNI
42.1%
+0.7 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ATKR$2.19B19.57.6%31.2%
SBLK$2.16B17.75.0%34.8%
HUBG$2.15B20.36.3%17.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+2.1%
Moderate Growth
4Q Net Income CAGR
+2.5%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 27, 2025|Filed: Nov 5, 2025|
    Revenue: $683.80M+1.7%
    |
    EPS: $0.89-11.0%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 28, 2025|Filed: Jul 29, 2025|
    Revenue: $667.10M+7.0%
    |
    EPS: $1.04+36.8%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 29, 2025|Filed: May 7, 2025|
    Revenue: $599.80M+2.0%
    |
    EPS: $0.30-21.1%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 28, 2024|Filed: Feb 25, 2025|
    Revenue: $2.53B+3.8%
    |
    EPS: $2.94+164.9%
    Meet
  • Form 10-Q - Q3 2024

    Period End: Sep 28, 2024|Filed: Oct 29, 2024|
    Revenue: $672.20M+205.7%
    |
    EPS: $1.00+23.5%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 29, 2024|Filed: Jul 30, 2024|
    Revenue: $623.70M+10.7%
    |
    EPS: $0.76-353.3%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 30, 2024|Filed: Apr 30, 2024|
    Revenue: $588.00M+22.7%
    |
    EPS: $0.38+884.5%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 30, 2023|Filed: Feb 27, 2024|
    Revenue: $2.43B+3.1%
    |
    EPS: $1.11-62.6%
    Miss