HNI Corp. (HNI) Tops Q4 EPS by 2c, Guidance Comes in Light

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HNI Corporation Reports Strong Earnings Growth For Fourth Quarter And Fiscal Year 2015

February 10, 2016 5:43 PM EST

MUSCATINE, Iowa, Feb. 10, 2016 /PRNewswire/ -- HNI Corporation (NYSE: HNI) today announced sales for the fourth quarter ended January 2, 2016, of $596.9 million and net income of $32.2 million, or  $0.71 per diluted share.  Non-GAAP net income per diluted share improved 40 percent from the prior year quarter to $0.91, which excludes restructuring, goodwill and intangible impairment and transition costs.

Fourth Quarter and Year End Summary Comments

"We delivered double digit earnings growth in the fourth quarter despite a challenging economic environment.  I'm pleased with our results in 2015 and the strong profit growth... More