HNI elects new director
Monday, 1 July 2024
MUSCATINE, Iowa — HNI Corp. has elected David Roberts to the corporation’s board of directors.
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HNI Corp CFO Marshall Bridges trades over $662k in company stock
Friday, 07 June 2024
Muscatine, IA – In a recent filing with the Securities and Exchange Commission, HNI Corp (NYSE:HNI) reported that its Senior Vice President & Chief Financial Officer, Marshall H. Bridges, engaged in significant trading of company stock. The transactions, which occurred on June 5th and 6th, included both acquisitions and disposals of shares.
Madison Liquidators Partners with Ghent to Provide Innovative Whiteboard Solutions Madison Liquidators Logo (PRNewsfoto/Madison Liquidators)
Thursday, 27 May 2024
MADISON, Wis., May 27, 2024 /PRNewswire/ — Madison Liquidators, an online leader in providing high-quality office furniture solutions, is proud to announce its newest partnership with Ghent, a renowned manufacturer of premium magnetic dry-erase whiteboards and visual communication tools for more than 40 years. This collaboration marks a significant step forward in enhancing Madison Liquidators’ whiteboard offerings and ability to deliver innovative solutions to its customers.
HNI to shutter Hickory plant as part of consolidation plan
Tuesday, 21 May 2024
HICKORY, N.C. – Office and contract furniture giant HNI Corp. will shut down its Hickory, N.C., plant early next year, laying off 200 production and operations workers. The move is part of an effort to consolidate operations across other North American facilities, as well as to save costs.
Kimball acquisition continues to bolster HNI’s earnings in Q1
Monday, 29 April 2024
MUSCATINE, Iowa – Office and contract furniture giant HNI reported $588 million in first quarter sales, a 22.7% increase over the same period last year. Just like last quarter, however, it should be noted a bulk of this increase is due to HNI’s purchase of competing contract furniture giant Kimball in March of last year. When looking at organic sales without Kimball, sales fell 8.1%.
Benchmark Maintains HNI (HNI) Buy Recommendation
Wednesday, 9 August 2023
Fintel reports that on August 9, 2023, Benchmark maintained coverage of HNI (NYSE:HNI) with a Buy recommendation.
Analyst Price Forecast Suggests 22.72% Upside
As of August 2, 2023, the average one-year price target for HNI is 35.70. The forecasts range from a low of 34.34 to a high of $37.80. The average price target represents an increase of 22.72% from its latest reported closing price of 29.09.
With StockNews.com Downgrade, HNI Corporation Faces Uncertainty in Future Market Performance
Monday, 10 July 2023
In a surprising turn of events, research analysts at StockNews.com have chosen to downgrade their rating on HNI Corporation (NYSE:HNI) from a “buy” to a “hold.” The news, which was issued to investors on Sunday, has left many wondering about the implications for the future of this well-known furniture manufacturer.
Comerica Bank Sells 4,220 Shares of HNI Co. (NYSE:HNI)
26 January, 2023
Comerica Bank trimmed its position in shares of HNI Co. (NYSE:HNI) by 11.7% during the third quarter, HoldingsChannel reports. The firm owned 31,754 shares of the business services provider’s stock after selling 4,220 shares during the quarter. Comerica Bank’s holdings in HNI were worth $899,000 at the end of the most recent quarter.
HNI Corporation Announces Sale of Lamex Office Furniture Business
Wednesday, 20 July, 2022
MUSCATINE, Iowa–(BUSINESS WIRE)–HNI Corporation (NYSE: HNI) today announced it has completed the sale of its China– and Hong Kong–based Lamex office furniture business. The business was acquired by Kokuyo Co., Ltd. for 75 million US dollars, subject to standard post-closing adjustments. Kokuyo is a leading manufacturer and provider of office furniture in Japan and across Asia.
Third Quarter Fiscal 2021 Results
Monday, 25 October, 2021
This presentation contains “forward-looking” statements based on current expectations regarding future plans, events, outlook, objectives,financial performance, expectations for sales growth, and earnings per diluted share (GAAP and non-GAAP), including statements regarding the expected effects on the Corporation’s business, financial condition and results of operations from the COVID-19 pandemic.
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