HNI CORP Management’s Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)

9 May, 2023

The following discussion of the Corporation’s historical results of operations and of its liquidity and capital resources should be read in conjunction with the Unaudited Condensed Consolidated Financial Statements of the Corporation and related notes included elsewhere in this Quarterly Report on Form 10-Q and with the Corporation’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022. All dollar amounts presented are in millions, except per share data or where otherwise indicated. Amounts may not sum due to rounding. Statements that are not historical are forward-looking and involve risks and uncertainties. See “Forward-Looking Statements” at the end of this section for further information.

Allstate Protection Plans and Staples Canada Offer Businesses and Consumers Innovative Product Protection and Peace of Mind

09 May, 2023

BRISBANE, Calif.May 9, 2023 /PRNewswire/ — Allstate Protection Plans is partnering with Staples Canada, The Working and Learning Company and the largest retailer providing business solutions in Canada, to offer customers Staples Protection Plans by Allstate. Customers will benefit from product protection with seamless, award-winning service and support when they need it most. Allstate Protection Plans will provide and manage the protection plans for Staples customers across Canada.

Duality Advisers LP Acquires New Position in HNI Co. – A Promising Business Services Provider

9 May, 2023

Duality Advisers LP, a prominent investment management firm, has recently acquired a new position in HNI Co. (NYSE:HNI), a well-known business services provider. According to the company’s filing with the Securities and Exchange Commission (SEC), Duality Advisers LP purchased 7,462 shares of HNI Co.’s stock during the fourth quarter which were valued at approximately $212,000.

Jiecang and Logicdata pioneer dynamic office furniture with new technological solutions

9 May, 2023

Jiecang, one of the world’s leading supplier of linear actuators, in conjunction with the Austrian brand Logicdata, a European company that has been part of the Jiecang Group since 2021, is offering a wide range of technological solutions to make office furniture more dynamic, smart, and interactive.

Oppenheimer Asset Management Reduces Position in Steelcase Inc. as Director Sells Shares

9 May, 2023

In a recent filing with the Securities and Exchange Commission (SEC), Oppenheimer Asset Management Inc. has decreased its position in Steelcase Inc. (NYSE:SCS) by 18.9% during the 4th quarter. The firm owned 69,374 shares of the business services provider’s stock after selling 16,131 shares during the quarter. At the end of the most recent reporting period, Oppenheimer Asset Management Inc. owned 0.06% of Steelcase worth $490,000.

Office Furniture Giant MillerKnoll Adds 15K SF to 251 Park Avenue South Footprint

8 May, 2023

Office furniture design firm MillerKnoll is growing its own digs, Commercial Observer has learned.

MillerKnoll signed a lease to add 15,331 square feet to its 44,000-square-foot office at 251 Park Avenue South, according to landlord The Feil Organization.

Director’s Acquisition Sends Shockwaves through Financial Community for MillerKnoll Inc.

8 May, 2023

MillerKnoll, Inc. (NASDAQ:MLKN) has been in the news lately for all the right reasons. A recent acquisition by Director Michael A. Volkema has caught the attention of investors worldwide. The purchase, which took place on Wednesday, May 3rd, saw Volkema buy 60,200 shares of the company’s stock at an average cost of $16.61 per share for a total transaction of $999,922.00. This move sent shockwaves through the financial community, with many wondering what lies ahead for this innovative organization.

HNI Corporation Reports Earnings for First Quarter Fiscal Year 2023

8 May, 2023

MUSCATINE, Iowa–(BUSINESS WIRE)–HNI Corporation (NYSE: HNI) today announced sales for the first quarter ended April 1, 2023 of $479.1 million and net income of $1.6 million. GAAP net income per diluted share was $0.04, compared to $0.33 in the prior year. Non-GAAP net income per diluted share was $0.13, compared to $0.33 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release.

 

HNI Corporation Predicts Return to PrePandemic Earnings Seasonality

8 May, 2023

As of May 8, 2023, HNI Corporation, a prominent furniture manufacturer, has projected a return to pre-pandemic earnings seasonality. The company anticipates that 80-85% of its annual profit will be generated in the second half of the year, which is more in-line with historical trends.

Duality Advisers LP Increases Holdings in MillerKnoll, Inc. by 15.8% in Q4 2023

06 May, 2023

May 6, 2023 – Duality Advisers LP, a prominent institutional investor, has revealed that it has acquired an additional 7,319 shares in MillerKnoll, Inc. (NASDAQ: MLKN), effectively raising its holdings by 15.8% in the fourth quarter. According to its most recent report filed with the Securities and Exchange Commission (SEC), Duality Advisers now owns approximately 0.07% of MillerKnoll worth $1,126,000 at the end of the quarter.