HNI Corporation Reports First Quarter 2024 Results [Yahoo! Finance]
HNI Corporation (HNI)
Last hni corporation earnings: 10/23 04:30 pm
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Source: Yahoo! Finance
Workplace Furnishings operating margin expanded 730 bps GAAP and 720 bps non-GAAP YoY. Full-year and second quarter 2024 non-GAAP EPS expected to strongly increase YoY. MUSCATINE, Iowa, April 29, 2024 BUSINESS WIRE HNI Corporation (NYSE: HNI) today announced sales for the first quarter ended March 30, 2024 of $588.0 million and net income of $17.7 million. Highlights Excellent earnings growth. First quarter earnings per share of $0.37 was up considerably on both a GAAP and non-GAAP basis versus the prior year despite an 8.1 percent year-over-year organic revenue decline, which was primarily driven by continued housing market softness. GAAP to non-GAAP reconciliations follow the financial statements in this release. Profit transformation actions continue to drive improvement in Workplace Furnishings. First quarter non-GAAP operating profit margin for Workplace Furnishings, when excluding impacts from the Kimball International acquisition, expanded 560 basis points year-over-
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HNI
News
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- Are You Looking for a Top Momentum Pick? Why HNI (HNI) is a Great Choice [Yahoo! Finance]Yahoo! Finance
- HNI Corporation Increases Quarterly Dividend [Yahoo! Finance]Yahoo! Finance
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HNI
Earnings
- 4/29/24 - Beat
HNI
Sec Filings
- 5/20/24 - Form S-8
- 5/20/24 - Form 8-K
- 5/16/24 - Form 4
- HNI's page on the SEC website