Edition:
United States

HNI Corp (HNI.N)

HNI.N on New York Stock Exchange

39.94USD
1:32pm EDT
Change (% chg)

$0.46 (+1.17%)
Prev Close
$39.48
Open
$39.54
Day's High
$39.94
Day's Low
$39.29
Volume
16,388
Avg. Vol
78,339
52-wk High
$56.96
52-wk Low
$37.27

Latest Key Developments (Source: Significant Developments)

HNI Corp sees FY adj EPS of $2.40 to $2.70
Thursday, 8 Jun 2017 05:12pm EDT 

June 8 (Reuters) - HNI Corp ::HNI Corporation updates guidance for second quarter and fiscal year 2017.Sees q2 non-gaap earnings per share $0.41 to $0.46.Sees fy non-gaap earnings per share $2.40 to $2.70.HNI Corp - ‍expects q2 non-gaap earnings per diluted share to be in range of $0.41 to $0.46​.HNI Corp - ‍q2 consolidated organic sales growth is expected to be in range of 0 to 1 percent​.HNI - sees ‍fy consolidated organic sales to grow 2 to 5 percent versus prior year​.HNI - in short term, "results are being negatively impacted by accelerating channel shifts and timing of orders".Fy2017 earnings per share view $2.97, revenue view $2.23 billion -- Thomson Reuters I/B/E/S.Q2 earnings per share view $0.70, revenue view $544.6 million -- Thomson Reuters I/B/E/S.HNI-‍slower demand in supplies-driven office furniture business, higher inflation, competitive pricing pressure among other things driving reduced outlook for fy​.HNI - seeing destocking of wholesalers' inventory, which is contributing to a faster than expected sales decline in wholesale channel.HNI - ‍orders in supplies-driven business started q2 slowly​.HNI - ‍although orders are recovering, more of co's q2 orders will ship in q3 than previously expected​.HNI - ‍current backlog in supplies-driven business is up substantially compared to beginning of q2.  Full Article

HNI CORP INCREASES QUARTERLY DIVIDEND 4 PCT TO $0.285 PER SHARE
Tuesday, 9 May 2017 10:41am EDT 

May 9 (Reuters) - HNI Corp :HNI CORPORATION INCREASES QUARTERLY DIVIDEND 4%.INCREASES QUARTERLY DIVIDEND BY 4 PERCENT TO $0.285PER SHARE.  Full Article

HNI Q1 non-gaap earnings per share $0.26
Wednesday, 19 Apr 2017 04:47pm EDT 

April 19 (Reuters) - HNI Corp ::HNI Corporation reports earnings for first quarter fiscal year 2017.Sees q2 non-gaap earnings per share $0.65 to $0.72 excluding items.Q1 non-gaap earnings per share $0.26.Q1 gaap earnings per share $0.11.Q1 sales $477.7 million versus i/b/e/s view $470.1 million.Q1 earnings per share view $0.22 -- Thomson Reuters I/B/E/S.Sees FY 2017 non-gaap earnings per share $2.80 to $3.10 excluding items.Sees FY 2017 sales up 2 percent.HNI Corp - for q2, organic sales are expected to be up 4 to 7 percent.Fy2017 earnings per share view $2.94, revenue view $2.23 billion -- Thomson Reuters I/B/E/S.HNI Corp - full year organic sales are expected to be up 3 to 6 percent..Q2 earnings per share view $0.71, revenue view $541.7 million -- Thomson Reuters I/B/E/S.  Full Article

HNI Corp says on February 6, 2017, approved closure of its Colville, Washington hearth manufacturing facility
Wednesday, 8 Feb 2017 05:03pm EST 

HNI Corp : HNI Corp says on February 6, 2017, approved closure of its Colville, Washington hearth manufacturing facility . HNI Corp says to consolidate Colville production into existing hearth manufacturing facilities . HNI Corp says anticipates closure and consolidation of Colville facility to be substantially completed by end of Q3 2017 . HNI Corp says corporation estimates realignment will save $2.8 million annually beginning in Q4 2017. .HNI Corp says corporation anticipates charges related to closure and consolidation will impact pre-tax earnings an estimated $6.7 million..  Full Article

HNI corporation reports Q4 earnings per share $0.24
Wednesday, 8 Feb 2017 04:51pm EST 

HNI Corp : Hni Corporation reports increased earnings for fiscal year 2016 . Sees Q1 non-GAAP earnings per share $0.17 to $0.24 excluding items . Q4 non-GAAP earnings per share $0.82 . Q4 earnings per share $0.24 . Q4 sales $581.3 million versus I/B/E/S view $581.5 million . Q4 earnings per share view $0.85 -- Thomson Reuters I/B/E/S . Sees FY 2017 non-gaap earnings per share $2.80 to $3.15 excluding items . HNI corp - for Q1, organic sales are expected to be down 3 to 6 percent over same period in prior year . HNI Corp - full year organic sales growth is expected to be 3 to 6 percent .FY2017 earnings per share view $3.00 -- Thomson Reuters I/B/E/S.  Full Article

HNI CORP SAYS MARSHALL BRIDGES APPOINTED CFO
Thursday, 19 Jan 2017 10:05am EST 

HNI Corp : HNI CORPORATION ANNOUNCES MANAGEMENT CHANGES . SAYS MARSHALL H. BRIDGES APPOINTED CFO . TJADEN WILL CONTINUE AS SENIOR VP, HNI CORPORATION . KURT A. TJADEN WHO HAS SERVED AS CHIEF FINANCIAL OFFICER OF HNI CORPORATION SINCE AUGUST 2008 HAS BEEN APPOINTED PRESIDENT .MARSHALL H. BRIDGES REPLACES KURT A. TJADEN WHO HAS SERVED AS CHIEF FINANCIAL OFFICER OF HNI CORPORATION.  Full Article

HNI Q2 non-gaap earnings per share $0.68
Thursday, 21 Jul 2016 04:30pm EDT 

HNI Corp : FY 2016 earnings per share view $2.80 -- Thomson Reuters I/B/E/S . HNI corporation reports continued double digit earnings growth for second quarter fiscal year 2016 . Q2 non-gaap earnings per share $0.68 . Q2 gaap earnings per share $0.64 . Q2 sales $536.5 million . Q2 earnings per share view $0.65 -- Thomson Reuters I/B/E/S . Sees Q3 non-gaap earnings per share $0.90 to $0.95 . Sees Q3 2016 revenue up 0 to 3 percent . Q3 earnings per share view $0.94, revenue view $619.3 million -- Thomson Reuters I/B/E/S .Sees FY 2016 non-gaap earnings per share $2.80 to $2.95.  Full Article

HNI Corporation increases qtrly dividend by 4%
Tuesday, 10 May 2016 10:03am EDT 

: HNI Corporation increases quarterly dividend 4% .Approved a 4% increase in its quarterly dividend to 27.5 cents per share on its common stock.  Full Article

HNI Corp announces quarterly dividend
Wednesday, 17 Feb 2016 11:30am EST 

HNI Corp:Board of Directors declared a quarterly dividend of 26.5 cents per share on its common stock.Dividend will be payable on March 7, 2016, to shareholders of record date as on February 29.  Full Article

HNI Corp gives Q4 2015 revenue guidance below analysts' estimates; lowers high end of prior FY 2015 EPS guidance
Wednesday, 21 Oct 2015 05:04pm EDT 

HNI Corp:Estimates sales to be down 4 to 8 percent in the Q4 2015 over the same period in the prior year.Says Non-GAAP earnings per share are anticipated to be in the range of $2.55 to $2.60 for FY 2015, which includes the Vermont Castings Group acquisition results and excludes restructuring and transition costs.Reported revenue of $647 million in Q4 2014.Q4 2015 revenue of $670 million - Thomson Reuters I/B/E/S.FY 2015 EPS of $2.58 - Thomson Reuters I/B/E/S.  Full Article

BRIEF-HNI Corp sees FY adj EPS of $2.40 to $2.70

* HNI Corporation updates guidance for second quarter and fiscal year 2017