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MUSCATINE, Iowa (March 1, 2021) – HNI Corporation (NYSE: HNI) today announced sales for the full year ended January 2, 2021 of $1.955 billion and net income of $41.9 million. GAAP net income per diluted share was $0.98, compared to $2.54 in the prior year. Non-GAAP net income per diluted share was $1.79, compared to […]
HIGH POINT, N.C. – Office furniture giant Haworth – number 7 on the FDMC 300 – has closed one of its furniture manufacturing facilies in North Carolina. The closure is part of a consolidation effort. “This decision was motivated by the strategic intent of consolidating our North Carolina operational footprint and was accelerated by current economic conditions,” […]
Kimball International Inc. (KBAL) had a good day on the market for Wednesday February 24 as shares jumped 2.3% to close at $12.92. About 255,806 shares traded hands on 2,763 trades for the day, compared with an average daily volume of n/a shares out of a total float of 36.88 million. After opening the trading day […]
HNI Corporation (HNI) had a good day on the market for Wednesday February 24 as shares jumped 3.46% to close at $37.67. About 243,951 shares traded hands on 3,249 trades for the day, compared with an average daily volume of n/a shares out of a total float of 42.71 million. After opening the trading day at […]
Herman Miller Inc. (MLHR) had a good day on the market for Wednesday February 24 as shares jumped 3.07% to close at $39.60. About 288,352 shares traded hands on 3,873 trades for the day, compared with an average daily volume of n/a shares out of a total float of 58.98 million. After opening the trading day […]
Trendway added a pair of independent sales rep groups in Ontario and Quebec, continuing its expansion into Canada. The Holland-based furniture manufacturer, which is part of Itasca, Illinois-based Fellowes Brands through its Fellowes Contract Interiors division, said last week that it added Hamilton, Ontario-based Green River Furniture and Montreal, Quebec-based Major Design Furniture to its […]
Dive Brief: La-Z-Boy is working to cut down “unprecedented” lead times of five to nine months by increasing production capacity “as quickly as possible,” CEO Kurt Darrow said on an earnings call this month. The company said it is communicating with partners in Asia and in the U.S. to address supply disruptions. It also opened a new […]
Furniture manufacturer La-Z-Boy Incorporated has named its chief financial officer Melinda D. Whittington to succeed retiring President and Chief Executive Officer Kurt L. Darrow, effective April 25. Darrow will remain chairman of the Monroe, Michigan-based company’s board of directors. Whittington also was elected to serve on the board. Bob Lucian, the company’s vice president of finance, […]
After achieving carbon neutrality across its operations, Steelcase is now targeting new goals to be carbon negative by 2030. Motivated by the urgency of climate change, Steelcase expanded upon its existing renewable energy commitments with the purchase of carbon offsets. In 2020, Steelcase achieved a reduction of more than 30 per cent in greenhouse gas emissions over the previous ten years. While […]
La-Z-Boy Inc.’s finance chief is preparing to take the furniture maker’s helm as the company confronts a surge in demand and faces longer-term questions on how it will continue growing after the pandemic home-improvement craze ends. The Monroe, Mich.-based company, known for its recliners, this week named Melinda Whittington its chief executive officer, succeeding longtime CEO Kurt […]
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