HNI crushed earnings estimates with a 22% EPS beat as the Steelcase acquisition immediately bolstered Workplace Furnishings, prompting management to raise full-year guidance to 20-25% non-GAAP EPS growth with accelerating momentum in the second half.
HNI :
HNI
HNI
Stock Data
$49.70
$0.81 (1.66%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
CONSUMER CYCLICAL
Industry
FURNISHINGS, FIXTURES & APPLIANCES
HNI Corp is a key player in the design and manufacturing of office furniture and residential building products. With a rich history since 1944, it offers a wide variety of commercial and home office furnishings, including desks, chairs, and storage solutions, under well-known brands like HON and Allsteel. Additionally, HNI caters to the residential market with an array of fireplaces and hearth products under brands such as Heatilator and Quadra-Fire. The company prides itself on innovation and quality, serving customers through a mix of dealers, distributors, and direct sales channels.
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