HNI Corp. (HNI) Tops Q4 EPS by 1c, Revenues Miss; Offers Q1 & FY19 EPS Guidance Below Consensus

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Go back to HNI Corp. (HNI) Tops Q4 EPS by 1c, Revenues Miss; Offers Q1 & FY19 EPS Guidance Below Consensus

HNI Corporation Reports Earnings for Fourth Quarter and Fiscal Year 2018

February 25, 2019 4:20 PM EST

MUSCATINE, Iowa--(BUSINESS WIRE)-- HNI Corporation (NYSE: HNI) today announced sales for the full year ended December29, 2018 of $2,258 million and net income of $93 million. GAAP net income per diluted share was $2.11 compared to $2.00 in the prior year. Non-GAAP net income per diluted share was $2.41 compared to $1.97 in the prior year.

Fourth quarter sales were $598 million and net income was $32 million. GAAP net income per diluted share was $0.73 compared to $0.77 in the prior year. Non-GAAP net income per diluted share was $0.97 compared to $0.47 in the prior year. GAAP to non-GAAP reconciliations follow the financial... More