HNI Corporation Reports Earnings for Fourth Quarter and Fiscal Year 2023

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Thursday, 22 February 2024

MUSCATINE, Iowa, February 22, 2024–(BUSINESS WIRE)–HNI Corporation (NYSE: HNI) today announced sales of $2.434 billion and net income of $49.2 million for the full year ended December 30, 2023. GAAP net income per diluted share was $1.09, compared to $2.94 in the prior year. Non-GAAP net income per diluted share was $2.65, compared to $2.20 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release.

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Steelcase among the top 5% of firms in latest climate disclosure

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Wednesday, 21 February 2024

GRAND RAPIDS, Mich. — Office and contract furniture giant Steelcase has received high marks for its sustainability efforts from the world’s leading environmental disclosure platform.

The organization earned a top score of A- from CDP, previously known as the Climate Disclosure Project, for its commitment to environmental strategy and action. Steelcase is the only firm in its industry to earn this top distinction, which only 5% of the some 23,000 companies surveyed in 2023 achieved.

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Haworth continues growth streak amid office uncertainty: ‘Change is good for us’

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Wednesday, 21 February 2024

Higher revenues in 2023 extended Haworth Inc.’s growth streak to four straight years following a steep industry decline in the first year of the COVID-19 pandemic. 

The Holland-based Haworth today reported $2.57 billion in sales for 2023, a 3% increase over 2022. The results for last year also raised Haworth to 16% sales growth since 2019, before the pandemic. 

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MillerKnoll Creates Diverse Community with #designyourfuture Initiative

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Tuesday, 20 February 2024

In honor of Black History Month MillerKnoll is featuring people, initiatives, and programs that are working to support and uplift the Black community. Black History Month is celebrated in different months around the globe. MillerKnoll is excited to share the inspiring work teammates are doing year-round to support this community.

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January storms impact La-Z-Boy’s Q3 sales, but company sees signs of progress

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Tuesday, 20 February 2024

MONROE, Mich. — While the company reported a 13% decrease in consolidated delivered sales for its third quarter ended Jan. 27, La-Z-Boy Inc. said sales were up 5% when compared with the company’s most recent pre-pandemic third quarter.

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Modern furniture brand opens doors to new North Yorkshire HQ following renovation

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Tuesday, 13 February 2024

Contract furniture brand NaughtOne has marked an ‘exciting start to 2024’ following its move into its new headquarters following 18 months of renovation.

Experts in furnishing offices of the future for their clients around the world, the tables were turned on this project as NaughtOne designed a space for their own team, bringing to life its vision of “how the modern workplace can be”. Previously based in Knaresborough, the team now occupies a first floor space at Harrogate’s Central House.

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New Flexsteel partnership enhances digital marketing for dealers

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Friday, 16 February 2024

DUBUQUE, Iowa — Flexsteel is taking its local digital marketing to a new level through its partnership with Promoboxx, a dealer marketing support platform.

The Promoboxx platform allows dealers to promote Flexsteel-approved marketing content across various social media channels, through email, dealer websites and mobile ads. Promoboxx houses a comprehensive library of brand assets, tailored to enhance dealer engagement with customers and boost their online visibility.

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Fresh off its acquisition, FurnitureFinders joins environmental support network

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Tuesday, 13 February 2024

CHICAGO – Just a few weeks after it was acquired, used-office-furniture marketplace FurnitureFinders has been accepted as a member of 1% for the Planet, a global environmental network.

FurnitureFinders was acquired late January by Wurkwel Ventures, a private investment firm focused on the corporate office space. In the announcement, Wurkwel detailed its plans to make the company more environmentally friendly, with plans to introduce “planet first” best practices.

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St. Thomas student hits $1M in sales with refurbished furniture company that emphasizes sustainability

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Tuesday, 13 February 2024

The summer before his junior year of high school, John Costello was looking through the “free” section of Craigslist when he stumbled upon a used set of office cubicles. For Costello, now a junior at the University of St. Thomas, those free cubicles would become first sale for his company, West Metro Solutions, which celebrated $1 million in sales in September.

West Metro Solutions is an environmentally conscious office furniture company that refurbishes and resells used office furniture across the U.S., keeping it out of the landfill, said Costello, who is studying entrepreneurship and finance at St. Thomas.

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Office furniture manufacturer shuts down ‘unrecoverable’ brand

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Monday, 12 February 2024

ITASCA, Ill. – A producer of workplace furnishings will shut down one of its segments and manufacturing plants this year.

The Illinois-based Fellowes Brands announced changes last week to its contract furniture division, formerly known as Trendway, which it acquired in 2019. Among the changes will be the closure of the Trendway production facility in Michigan later this year and the discontinuation of a portion of its furniture product offering, including systems, case goods, filing, storage and tables. Fellowes will continue to accept orders of these discontinued products until June and ship orders through July 2024.

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