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HNI Corp (HNI.N)

HNI.N on New York Stock Exchange

37.37USD
6:34pm GMT
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$-1.00 (-2.61%)
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Volume
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$45.38
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Latest Key Developments (Source: Significant Developments)

HNI Corp Reports Q3 Non-GAAP Earnings Per Share $0.90
Monday, 22 Oct 2018 

Oct 22 (Reuters) - HNI Corp ::ORATION REPORTS EARNINGS FOR THIRD QUARTER FISCAL YEAR 2018.SEES Q4 NON-GAAP EARNINGS PER SHARE $0.91 TO $1.01 EXCLUDING ITEMS.Q3 NON-GAAP EARNINGS PER SHARE $0.90.Q3 GAAP EARNINGS PER SHARE $0.89.Q3 SALES $611.1 MILLION VERSUS I/B/E/S VIEW $618.3 MILLION.Q3 EARNINGS PER SHARE VIEW $0.86 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 NON-GAAP EARNINGS PER SHARE $2.35 TO $2.45 EXCLUDING ITEMS.SEES Q4 SALES UP 2 TO 5 PERCENT.GENERATED OVER $10 MILLION DOLLARS OF NET PRODUCTIVITY AND COST SAVINGS IN QUARTER."EXPECT STRONG PROFIT GROWTH IN Q4 DRIVEN BY PRODUCTIVITY GAINS AND COST SAVINGS".CONTINUE TO SEE INFLATIONARY PRESSURES, INCLUDING IMPACTS FROM NEW TARIFFS, AND ARE TAKING ACTION TO OFFSET THEM..FORECASTING LOWER CONTRACT VOLUME THAN PREVIOUSLY EXPECTED, WHICH WILL IMPACT Q4 RESULTS.FOR Q4, EXPECTS ORGANIC SALES TO BE UP 5 TO 8 PERCENT.Q4 EARNINGS PER SHARE VIEW $1.04 -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $2.45 -- THOMSON REUTERS I/B/E/S.  Full Article

HNI Corp Says CEO Stan Askren To Retire
Thursday, 28 Jun 2018 

June 28 (Reuters) - HNI Corp ::HNI CORPORATION ANNOUNCES NEW CHIEF EXECUTIVE OFFICER.HNI CORP <<>> SAYS CEO STAN A. ASKREN TO RETIRE.HNI CORP - ASKREN WILL REMAIN CHAIRMAN OF BOARD OF DIRECTORS UNTIL HIS RETIREMENT FROM BOARD.HNI CORP - PROMOTION OF JEFFREY LORENGER AS NEW CHIEF EXECUTIVE OFFICER.  Full Article

HNI Corp Increases Quarterly Dividend By 4 Pct
Tuesday, 8 May 2018 

May 8 (Reuters) - HNI Corp ::ORATION INCREASES QUARTERLY DIVIDEND.INCREASES QUARTERLY DIVIDEND BY 4 PERCENT TO $0.295PER SHARE.  Full Article

HNI Corp, Units Entered Third Amended And Restated Credit Agreement
Tuesday, 24 Apr 2018 

April 24 (Reuters) - HNI Corp ::HNI CORP - CO, CERTAIN UNITS & OTHERS ENTERED THIRD AMENDED AND RESTATED CREDIT AGREEMENT ON APRIL 20.HNI CORP - CREDIT AGREEMENT AMENDS AND RESTATES SECOND AMENDED AND RESTATED CREDIT AGREEMENT, DATED JUNE 9, 2015.HNI CORP - CREDIT AGREEMENT INCREASES REVOLVING COMMITMENT OF LENDERS FROM $400 MILLION TO $450 MILLION.HNI CORP - CREDIT AGREEMENT ALSO EXTENDS MATURITY DATE FROM JANUARY 2021 TO APRIL 2023 WITH OPTION FOR TWO ADDITIONAL ONE-YEAR EXTENSIONS.  Full Article

HNI To Discontinue Paoli Office Furniture Brand
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Hni Corp ::HNI SAYS TO DISCONTINUE PAOLI OFFICE FURNITURE BRAND - SEC FILING.HNI CORP - MANUFACTURING OF PAOLI BRANDED PRODUCTS WILL CEASE IN Q1 OF 2018.HNI - ESTIMATES DISCONTINUATION OF PAOLI OFFICE FURNITURE BRAND TO GENERATE CASH PAYBACK IN LESS THAN 1 YEAR & SAVE $7.0 MILLION ANNUALLY BEGINNING IN Q1.HNI CORP - ANTICIPATES CHARGES RELATED TO DISCONTINUATION OF PAOLI OFFICE FURNITURE BRAND WILL IMPACT PRE-TAX EARNINGS AN ESTIMATED $25.4 MILLION.  Full Article

HNI Corp reports Q3 earnings per share $0.84
Monday, 23 Oct 2017 

Oct 23 (Reuters) - HNI Corp :HNI Corporation reports earnings for third quarter fiscal year 2017.Sees Q4 non-gaap earnings per share $0.38 to $0.45 excluding items.Sees FY 2017 non-gaap earnings per share $1.88 to $1.95 excluding items.Q3 non-gaap earnings per share $0.82.Q3 gaap earnings per share $0.84.Q3 sales $599.5 million versus I/B/E/S view $585.1 million.Q3 earnings per share view $0.80 -- Thomson Reuters I/B/E/S.Sees FY 2018 non-gaap earnings per share $2.15 to $2.65.HNI Corp - ‍for Q4 2017, corporation expects sales to be flat to down 3 percent​.HNI Corp - ‍Q4 organic sales, which exclude impacts of acquisitions and divestitures, are expected to be flat to up 3 percent​.HNI Corp - "‍we are expecting a significant decline in our q4 profit​".Q4 earnings per share view $0.96, revenue view $601.2 million -- Thomson Reuters I/B/E/S.HNI -Lower Q4 volume in supplies-driven business, higher costs related to operational transformations,among others, primarily driving reduced outlook​.HNI Corp - ‍estimates full year 2018 consolidated organic net sales up 2 to 5 percent​.  Full Article