HNI Corp. (HNI) Tops Q4 EPS by 5c

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Go back to HNI Corp. (HNI) Tops Q4 EPS by 5c

HNI Corporation Reports Earnings For Fourth Quarter And Fiscal Year 2017

February 8, 2018 4:35 PM EST

MUSCATINE, Iowa, Feb. 8, 2018 /PRNewswire/ -- HNI Corporation (NYSE: HNI) today announced sales for the full year ended December 30, 2017 of $2,176 million and net income of $90 million.  GAAP net income per diluted share was $2.00 compared to $1.88 in the prior year.  GAAP net income includes a one-time tax benefit of $45 million related to the recently enacted tax legislation, partially offset by several nonrecurring charges.  Non-GAAP net income per diluted share was $1.97 compared to $2.62 in the prior year.

Fourth quarter sales were $584 million and net income was $34 million.  GAAP net income per diluted share,... More