The following discussion of the Corporation’s historical results of operations and of its liquidity and capital resources should be read in conjunction with the Unaudited Condensed Consolidated Financial Statements of the Corporation and related notes included elsewhere in this Quarterly Report on Form 10-Q and with the Corporation’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022. All dollar amounts presented are in millions, except per share data or where otherwise indicated. Amounts may not sum due to rounding. Statements that are not historical are forward-looking and involve risks and uncertainties. See “Forward-Looking Statements” at the end of this section for further information.

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MUSCATINE, Iowa (March 1, 2021) – HNI Corporation (NYSE: HNI) today announced sales for the full year ended January 2, 2021 of $1.955 billion and net income of $41.9 million. GAAP net income per diluted share was $0.98, compared to $2.54 in the prior year. Non-GAAP net income per diluted share was $1.79, compared to $2.59 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release.

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HNI Corporation (HNI) had a good day on the market for Thursday January 28 as shares jumped 2.68% to close at $33.75. About 174,589 shares traded hands on 2,102 trades for the day, compared with an average daily volume of n/a shares out of a total float of 42.71 million. After opening the trading day at $33.29, shares of HNI Corporation stayed within a range of $33.97 to $33.02.

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HNI Corporation (HNI) had a good day on the market for Tuesday January 05 as shares jumped 2.61% to close at $34.20. About 171,041 shares traded hands on 2,516 trades for the day, compared with an average daily volume of n/a shares out of a total float of 42.71 million. After opening the trading day at $33.37, shares of HNI Corporation stayed within a range of $34.42 to $33.18.

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