HNI Corp report 1st quarter sales down 5.1%

Image Source: (HNI Corporation Website)

HNI Monday announced sales for the first quarter ended March 30, 2019 of $479.5 million and net income of $1.0 million. GAAP net income per diluted share was $0.02 compared to $0.06 in the prior year.

Non-GAAP net income per diluted share was $0.02 compared to $0.10 in the prior year. “Our first quarter results were as expected. As anticipated, demand conditions generally improved throughout the quarter after a slow start. We were able to offset much of the impact from lower volume with cost savings and productivity. We are pleased with the progress on our initiatives and continue to believe our demand and profit results will improve throughout the year,” said Jeff Lorenger, HNI Corporation President and Chief Executive Officer.

Read full article here: (OFFICE REPUBLIC)

Microsoft Surface Hub 2S and Steelcase® Roam™ Free Teams to Collaborate Anywhere

NEW YORK, April 17, 2019 (GLOBE NEWSWIRE) — Today Microsoft and Steelcase introduced a new way to give teams an unprecedented level of control over how they collaborate. Microsoft launched its next generation all-in-one collaboration device built for teamwork: Surface Hub 2S. And Steelcase introduced Steelcase® Roam™, a mobile stand and easy-to-hang wall mounting system designed for the Surface Hub 2S that allow teams to collaborate almost anywhere. These solutions meet the increasing demand for rapid innovation and problem solving by helping people access the right spaces and tools needed to create new ideas.

Read full article here: (GLOBE NEWSWIRE)

New start for Paragon Interiors as COO takes over

Image Source: (Paragon Interiors Group)

The new owner of Paragon Interiors has said the firm will continue to trade – but under new leadership.

Nottinghamshire Live reports that former Paragon COO John Rigby will head up the new incarnation of the company, after it was bought out of administration last week by Elev8 Interiors.

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König + Neurath AG: Restructuring of the Management Board

In its recent meeting, the Supervisory Board at König + Neurath AG reached some conceptual decisions in the areas of Sales & Marketing and HR, and roles were also reallocated within the Board of Management, in order to exploit the potential of national and international business even more efficiently and successfully.

The outcome is that, as of 1st April 2019, Mr Dirk Offermanns becomes Export Director, with particular focus on Eastern/Western Europe and the Middle Eastern markets. With effect from 1st April 2019, Mr Carl-Christoph Held, Chairman of the Board, will be responsible for National Sales and Key Account Management, as well as Marketing and Strategic Business Development. From 1st April 2019 Mr Jürgen Neubert is appointed to the position of Finance & Accounting Director. Mr Neubert has held a variety of senior management roles over the years, and has enjoyed success in a variety of industry sectors. Mr Dirk Fischer will continue to be responsible for the areas of Technology and Procurement.

Read full article here: (KÖNIG + NEURATH AG)