MUSCATINE, Iowa – Office furniture manufacturer HNI Corp. reported fourth quarter sales of $568.9 million, a 6% decline from last year.
But despite the decline, the company reported a 47% increase in earnings per share, primarily due to a major cost-cutting initiative and margin expansion strategy that began last quarter.
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Fintel reports that Earnest Partners has filed a 13G/A form with the SEC disclosing ownership of 7.18MM shares of Steelcase Inc. (SCS). This represents 7.8% of the company.
Bisley, a Wales-based office furniture manufacturer, signed a contract with Google to develop bespoke workspaces for the Googleplex headquarters in California.
The Welsh firm will supply custom-made furniture to the tech giant’s campus in Mountain View as part of the project which is in the consultation phase, according to Business Live.
The most recent report that Quantbot Technologies LP has submitted to the Securities and Exchange Commission (SEC) indicates that the company made a new investment in HNI Co (NYSE: HNI) during the third quarter of the fiscal year.
The corporation spent approximately $101,000 to acquire 3,826 shares of the business services provider’s stock, bringing the total cost of the transaction close to that figure.
MillerKnoll leadership said it hopes 2023 will be the year the combined entity gets to embrace its market potential.
It’s been nearly two years since Herman Miller announced its acquisition of Knoll, seeking to amplify the combined business as a leader in modern design. The companies at the time said they hoped to catalyze the transformation of the home and office sector at a time of unprecedented disruption.
JASPER, Ind. – Contract furniture manufacturer Kimball has reported $183 million in second quarter net sales, a 21% increase over last year.
Kimball reported a 15% increase in workplace furniture sales, a 17% increase in health furniture sales and a 64% increase in hospitality sales.
JASPER, Ind. – Contract furniture manufacturer Kimball has reported $183 million in second quarter net sales, a 21% increase over last year.
Kimball reported a 15% increase in workplace furniture sales, a 17% increase in health furniture sales and a 64% increase in hospitality sales.
Indiana Furniture announced Greg Stoner has been elected to their board of directors. Stoner will bring decades of experience in corporate leadership and manufacturing, and a long track record of driving innovative and diverse teams globally.
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