HNI Corporation - HNI Handily Beats Estimates on WF Sales, Hearth Margins
On May 9, HNI reported better-than-expected results, boosted by unexpected strength in Workplace Furnishings (WF) sales and a strong defense of...
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HNI Announces Acquisition of Kimball International; Focus on Strategic and Cultural Alignment
Before market open on March 8, HNI announced the acquisition of Kimball International (NASDAQ: KBAL), a smaller competitor of HNI’s Workplace...
292 Views
Margin Improvement Evident in 4Q22; Sales Headwinds Remain into 2023
Before market open on February 23, HNI reported 4Q22 results that were better than we expected on both the top line (a modest beat) and margins (a...
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Challenges and Opportunities of “Hybrid Work” for HNI Workplace Furnishings; Variations Across Customers and Markets
KEY POINTS On December 1, Water Tower Research hosted executives of HNI Corporation to discuss the hybrid office and its impact on HNI. The call...
687 Views
3Q22 EPS Beats Estimates; Revenues Miss; 4Q22 Guidance Cut Reflecting Challenging Business; Now Implying Lower Earnings for 2023
KEY POINTS Before market open on October 24, HNI reported 3Q22 results. Non-GAAP (adjusted) EPS of $0.71 on sales of $598.8 million beat our EPS...
633 Views