HNI Corp. (HNI) Tops Q1 EPS by 1c, Revenues Miss; Offers FY19 Mid-Point Outlook Above Consensus
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HNI Corporation Reports Earnings for First Quarter Fiscal Year 2019
April 22, 2019 6:50 AM EDTMUSCATINE, Iowa--(BUSINESS WIRE)-- HNI Corporation (NYSE: HNI) today announced sales for the first quarter ended March30, 2019 of $479.5 million and net income of $1.0 million. GAAP net income per diluted share was $0.02 compared to $0.06 in the prior year. Non-GAAP net income per diluted share was $0.02 compared to $0.10 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release.
Summary Comments
"Our first quarter results were as
expected. As anticipated, demand conditions generally improved
throughout the quarter after a slow start. We were able to... More
