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HNI Corp Issues Q3 2013 Guidance; EPS Guidance Below Analysts' Estimates; Narrows FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates


Wednesday, 17 Jul 2013 05:22pm EDT 

HNI Corp announced that for third quarter of 2013, it expects sales growth between 3% to 6% over third quarter of 2012 and NON-GAAP earnings per diluted share (EPS) to be in the range of $0.55 to $0.60, which excludes restructuring charges and transition costs. For fiscal 2013, it is narrowing its estimate of non-GAAP EPS to the range of $1.30 to $1.40, which excludes restructuring charges, transition costs and a loss on the sale of a business. The Company reported revenue of $550.86 million in the third quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $578.03 million and EPS of $0.64 for third quarter of 2013; EPS of $1.40 for fiscal 2013. 

Company Quote

36.02
-0.19 -0.52%
4:02pm EDT