HNI Corp. (HNI) Sees Q4, FY12 Results Below Views
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HNI Corporation (NYSE: HNI) today announced sales of $527.5 million and net income of $17.6 million for the fourth quarter ended December 29, 2012. Net income per diluted share for the quarter was $0.39 or $0.40 on a non-GAAP basis when excluding restructuring and transition costs. For fiscal year 2012, the Corporation reported sales of $2.0 billion, a 9.3 percent increase from prior year, and net income of $49.0 million, a 6.5 percent increase from prior year. Net income per diluted share for the year was $1.07 or $1.13 on a non-GAAP basis when excluding restructuring and transition costs.
*** The Street is looking for Q4 revs of $519.2 million and EPS of $0.43. FY12 revs are expected to be $2.0 billion with EPS of $1.16.
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*** The Street is looking for Q4 revs of $519.2 million and EPS of $0.43. FY12 revs are expected to be $2.0 billion with EPS of $1.16.
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