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Stock impact report

HNI Corp (HNI) Completes the Acquisition of Steelcase Inc [Yahoo! Finance]

HNI Corporation (HNI) 
Last hni corporation earnings: 10/23 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investors.hnicorp.com
Company Research Source: Yahoo! Finance
Management noted that the merger of the two companies will result in a stronger united company to meet the challenging and growing need for the workplace as the work-from-office trend is gaining traction. ?Management also noted that while this strategic acquisition accelerates the ability of HNI Corp. (NYSE:HNI) to invest in long-term operations, the combined business is expected to generate annual pro forma revenue of $5.8 billion. ?That said, the company, during its fiscal Q3 2025 results, grew its revenue by 1.73% year-over-year to $683.8 million. The revenue fell short of expectations by $7.72 million. However, the EPS of $1.10 topped the consensus by $0.03. Management noted that productivity and strong control over expenses drove the results for the quarter. Moreover, HNI Corp. (NYSE:HNI) also highlighted that the demand for workplace furniture improved during the quarter, reflecting a 2% increase year-over-year in orders. ?The company expects fourth quarter net sales in Wo Show less Read more
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