On May 8, 2023, HNI Corporation, a renowned manufacturer of premium quality office furniture and fireplaces, headquartered in Muscatine, Iowa, announced its outstanding Q1 results, surpassing expectations and creating a buzz in the market. The first quarter of the year witnessed the company earning a profit of $1.6 million, equivalent to 4 cents per share.
As of May 8, 2023, HNI Corporation, a prominent furniture manufacturer, has projected a return to pre-pandemic earnings seasonality. The company anticipates that 80-85% of its annual profit will be generated in the second half of the year, which is more in-line with historical trends.
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.
HNI Corporation (HNI) had a good day on the market for Wednesday February 24 as shares jumped 3.46% to close at $37.67. About 243,951 shares traded hands on 3,249 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 $36.88, shares of HNI Corporation stayed within a range of $37.72 to $36.38.
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.
Brown Jordan Inc. a U.S. designer, manufacturer and marketer of luxury home, outdoor and upscale contract furnishings, has named Kris Yates as Chief Commercial Officer, a newly created position. Yates will report directly to Gene J. Moriarty, the company’s President and Chief Executive Officer.
Based on the West Coast, Yates will oversee direction for all Brown Jordan Inc. Outdoor Living brands, including Brown Jordan, Tropitone, Castelle, Texacraft and Winston. Working in tandem with senior leadership and relying on her proven ability, Yates will implement solutions and go-to-market strategy for the Outdoor Brands and assume responsibility for growing revenue and increasing market share. Further, she will direct sales and customer service leadership and corporate marketing for all brands.
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.
MUSCATINE, Iowa–(BUSINESS WIRE)–HNI Corporation (NYSE: HNI; “the Corporation”) is providing an update related to the ongoing COVID-19 pandemic crisis.
CEO Comment
“First and foremost, our focus during this crisis is on the well-being of our members. To protect our teams, we have implemented workplace measures consistent with guidelines from the Centers for Disease Control and Prevention. While the situation is dynamic, at this point we continue to operate at our primary manufacturing locations,” stated Jeff Lorenger, HNI Corporation, Chairman, President, and Chief Executive Officer. “We entered this crisis in a position of strength. We have low debt levels and possess liquidity equivalent to more than two years of free cash flow. While the ultimate impact of the outbreak is uncertain, we are confident in our ability to effectively weather this crisis.”
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