HNI
HNI Corporation41.05
-0.50-1.2%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A affirms integration, resi momentum.
Q&A sharpened confidence in Steelcase integration, highlighting enthusiastic customer and dealer reactions plus modest 2026 accretion earlier than scripted. Management touted Workplace Furnishings acceleration from high-teens bid counts and large-project funnels, despite Q1 revenue timing headwinds. Residential Building Products gains trace to builder intimacy, retail remodel push, and new categories like wood stoves. Synergies hit year one sooner. Hospitality stays solid; pipeline activity feels real. Investors eye resi share gains amid new-home weakness.
Key Stats
Market Cap
1.88BP/E (TTM)
13.78Basic EPS (TTM)
2.98Dividend Yield
0.03%Recent Filings
10-K
FY2025 results
HNI Corporation's FY2025 net sales hit $2.8B, up 12.4% y/y, fueled by Steelcase acquisition adding $187.5M post-December 10 close and legacy growth, though Q4 bore the 53rd-week boost and integration costs. Workplace Furnishings surged 14.6% to $2.2B (76% of total), Residential Building Products grew 5.7% to $675M on remodel strength. Operating income fell to $126M from acquisition charges ($95M) and impairments, yet margins held via productivity gains. Debt climbed to $1.3B; cash swelled to $216M on $276M operating flows. Q4 momentum leaned on Steelcase ramp-up. Integration risks loom large.
8-K
Steelcase acquisition completed
HNI completed its Steelcase acquisition in late fiscal 2025, boosting Q4 net sales 38% to $888.4M but driving a $86.3M GAAP loss from acquisition costs. Legacy business delivered non-GAAP EPS of $3.74, up 22% YoY, with margins expanding 80bps to 9.4%. Steelcase synergies target $120M and $1.20 EPS accretion. Integration underway smoothly.
8-K
HNI to close Wayland plant
HNI Corporation announced on January 8, 2026, plans to exit its Wayland, New York, facility in 2027, consolidating production into other North American sites to cut structural costs in workplace furnishings. The move eyes $7.5-$8.0 million in annual savings once mature, offset by $14.9 million in pre-tax charges through 2027, including $5.7 million non-cash, and 135 job cuts. Savings build on Kimball International synergies now projected at $68 million by 2028.
8-K
HNI completes Steelcase acquisition
HNI closed its acquisition of Steelcase on December 10, 2025, via dual mergers, converting Steelcase shares into mixed consideration of 0.2192 HNI shares plus $7.20 cash per share (or cash/stock elections). It added a $500M TLB facility and cut the term loan A to $350M to fund the deal, while exchanging $351M of Steelcase's 5.125% notes due 2029 for new HNI senior secured notes. Deal done.
8-K
Exchange offer results announced
IPO
Website
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