HNI Corporation Reports Earnings for First Quarter Fiscal Year 2021
HNI Corporation (HNI)
Last hni corporation earnings: 10/23 04:30 pm
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Source: Business Wire
MUSCATINE, Iowa--(BUSINESS WIRE)--HNI Corporation (NYSE: HNI) today announced sales for the first quarter ended April 3, 2021 of $484.3 million and net income of $15.0 million. GAAP net income (loss) per diluted share was $0.34, compared to $(0.56) in the prior year. Non-GAAP net income per diluted share was $0.36, compared to $0.21 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release.First Quarter HighlightsStrong results in Residential Building Products: First quarter 2021 revenue grew 39 percent on a year-over-year basis, and operating margin expanded 600 basis points from prior-year, pre-COVID levels. This fueled a greater than 90 percent year-over-year increase in segment operating profit to a first quarter record of $39.8 million.Signs of improvement in Workplace Furnishings: First quarter 2021 revenue was down approximately 12 percent from the first quarter of 2020, on an organic basis. This rate of decline was the lowest since
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HNI
Earnings
- 4/29/24 - Beat
HNI
Sec Filings
- 4/30/24 - Form 10-Q
- 4/29/24 - Form 8-K
- 3/19/24 - Form ARS
- HNI's page on the SEC website