https://jsacs.com/wp-content/uploads/2022/10/HNICorp-75th-Anniversary-Logo.png 1914 1910 jsa https://jsacs.com/wp-content/uploads/2018/03/logo-1.png jsa2023-02-23 16:10:412023-03-28 16:28:58Sales fall at office furniture giant HNI, but cost-cutting comes up big
Sales fall at office furniture giant HNI, but cost-cutting comes up big
23 February, 2023
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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