Wednesday, 25 July, 2018
HNI Corp., based in Muscatine, announced sales rose to $543.6 million and net income was $18.6 million for the second quarter.
The quarter, which ended June 30, also saw generally accepted accounting principles, or GAAP, net income per diluted share of 42 cents compared to 31 cents in the prior year, according to HNI‘s earning release Tuesday.
“Our strong sales momentum continued during the second quarter,” President and CEO Jeff Lorenger said. “Results were better than expected in both our Hearth and Office Furniture businesses. The investments we’ve made in product, selling and fulfillment capabilities are paying dividends. I’m pleased with our quarterly results and our progress driving long-term shareholder value.”