HNI Corp. (HNI) Cuts Q3, FY16 Guidance
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HNI Corporation Updates Earnings Guidance For Third Quarter And Fiscal Year 2016
September 19, 2016 4:30 PM EDTMUSCATINE, Iowa, Sept. 19, 2016 /PRNewswire/ -- HNI Corporation (NYSE: HNI) announced today that revenue and earnings for the third quarter and fiscal year 2016 are expected to be below the Corporation's previous outlook. Demand in the office furniture and hearth segments is expected to be lower than previously forecasted. Office furniture business sales will be lower than expected due to overall softer than anticipated demand, subdued small business confidence and lower than anticipated project activity. Hearth sales will be lower due to slower than expected housing starts, acquisition integration and acquired dealer... More
