HNI Corp. (HNI) Lowers Q2 EPS Guidance
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HNI Corporation Updates Guidance For Second Quarter And Fiscal Year 2017
June 8, 2017 5:12 PM EDTMUSCATINE, Iowa, June 8, 2017 /PRNewswire/ -- HNI Corporation (NYSE: HNI) announced today revised revenue and earnings expectations for the second quarter and fiscal year 2017. The Corporation is experiencing slower than anticipated sales in its supplies-driven office furniture business.  HNI now expects second quarter non-GAAP earnings per diluted share to be in the range of $0.41 to $0.46 compared to its prior guidance of $0.65 to $0.72. Second quarter consolidated organic sales growth is expected to be in the range of 0 to 1 percent compared to the previous guidance of 4 to 7 percent.
"We are navigating an increasingly... More
