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Stock impact report

HNI Corporation Reports Third Quarter 2024 Results

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: Business Wire
Double-digit EPS growth fueled by profit transformation and synergy accelerationDelivered strong third quarter EPS, GAAP $0.98 (+23% YoY) / non-GAAP $1.03 (+11% YoY)Workplace Furnishings segment operating margin (GAAP and non-GAAP) reached a 20-year highResidential Building Products segment profit grew in the third quarter despite cyclical revenue pressuresElevated earnings growth visibility extends through 2026 from initiatives already in progressNear-term volume pressures expected to negatively impact fourth-quarter results MUSCATINE, Iowa--(BUSINESS WIRE)--HNI Corporation (NYSE: HNI) today announced net sales for the third quarter ended September 28, 2024 of $672.2 million and net income of $47.5 million.HighlightsStrong earnings growth driven by profit transformation initiatives and synergy acceleration. Third quarter non-GAAP EPS increased 11 percent year-over-year despite lower revenue. Consolidated operating margin expanded 220 basis points on a GAAP basis and 150 basis poin Show less Read more
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