HNI Corp. (NYSE: HNI) reported Q4 EPS of $0.97, $0.01 better than the analyst estimate of $0.96. Revenue for the quarter came in at $598 million versus the consensus estimate of $604.93 million.

“Our teams performed well in the fourth quarter – delivering significant earnings growth and margin expansion. We are managing through multiple challenges, including continued inflationary pressures, tariff impacts, and choppy demand. Our organization is responding well, and I am optimistic about what we can accomplish in the future,” said Jeff Lorenger, HNI Corporation, President and Chief Executive Officer.

GUIDANCE:

HNI Corp. sees Q1 2019 EPS of ($0.02)-$0.04, versus the consensus of $0.33.

HNI Corp. sees FY2019 EPS of $2.50-$2.90, versus the consensus of $3.02.

Outlook

"Looking to 2019, we see a dynamic environment with pockets of uncertainty. Late in the fourth quarter and early this year, market activity generally slowed. We expect demand will start slowly and improve throughout 2019. We continue to see pressure from inflation and tariff impacts. Despite these pressures, we expect to grow profits through productivity and cost saving efforts while continuing to invest in new capabilities. I remain excited about our members, opportunities, and market position,” said Mr. Lorenger.

For the first quarter, the Corporation expects organic sales to be down 2 to 4 percent compared to the same quarter last year. Including the impacts of closing and divesting small office furniture companies, first quarter sales are expected to be down 3 to 5 percent. First quarter diluted earnings per share are anticipated to be in the range of $(0.02) to $0.04.

The Corporation estimates full year 2019 organic sales to be up 3 to 7 percent. Including the impacts of closing and divesting small office furniture companies, full year sales are expected to be up 2 to 6 percent. The Corporation estimates full year diluted earnings per share to be in the range of $2.50 to $2.90.

For earnings history and earnings-related data on HNI Corp. (HNI) click here.