HNI Corp. (HNI) Tops Q3 EPS by 4c, Offers Q4 Guidance

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HNI Corporation Reports Earnings for Third Quarter Fiscal Year 2018

October 22, 2018 4:20 PM EDT

MUSCATINE, Iowa--(BUSINESS WIRE)-- HNI Corporation (NYSE: HNI) today announced sales for the third quarter ended September29, 2018 of $611.1 million and net income of $39.9 million. GAAP net income per diluted share was $0.89 compared to $0.84 in the prior year. Non-GAAP net income per diluted share was $0.90 compared to $0.82 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release.

Summary Comments
"We are pleased with our overall results for the third quarter. Our supplies-driven business grew 12 percent in the quarter while delivering strong profit improvement. We also... More