HNI Corp. (HNI) Tops Q3 EPS by 6c, Offers Q4 Guidance

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HNI Corporation Reports Double Digit Earnings Growth For Third Quarter Fiscal Year 2015

October 21, 2015 5:04 PM EDT

MUSCATINE, Iowa, Oct. 21, 2015 /PRNewswire/ -- HNI Corporation (NYSE: HNI) today announced sales for the third quarter ended October 3, 2015, of $615.9 million and net income of $40.8 million, or $0.90 per diluted share.  Non-GAAP net income per diluted share improved 14.8 percent from the prior year quarter to $0.93, which excludes restructuring and transition costs.     

Third Quarter Summary Comments"We delivered double digit earnings growth for the third quarter.  We are competing well in our markets despite a softening economy which led to modest declines in office furniture and organic hearth... More