HNI Corp. (HNI) Tops Q3 EPS by 3c, Offers FY16 & FY17 Guidance

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HNI Corporation Reports Earnings For Third Quarter Fiscal Year 2016

October 19, 2016 4:30 PM EDT

MUSCATINE, Iowa, Oct. 19, 2016 /PRNewswire/ -- HNI Corporation (NYSE: HNI) today announced sales for the third quarter ended October 1, 2016 of $584.6 million and net income of $33.8 million. GAAP net income per diluted share decreased 18 percent from the prior year quarter to $0.74. Non-GAAP net income per diluted share decreased 14 percent from the prior year quarter to $0.80. GAAP to Non-GAAP reconciliations follow the financial statements in this release.

Summary Comments

"Our markets continue to be dynamic in an uncertain economic environment.   We are responding to these near-term challenges while... More