HNI Corporation Reports Strong Profitability for Fourth Quarter Fiscal Year 2019
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HNI Corp. (HNI) Tops Q4 EPS by 7c, Revenues Miss; Offers FY20 EPS Mid-Point Guidance Below Consensus, FY20 Revenue Mid-Point Guidance Above Consensus
February 19, 2020 4:51 PM ESTHNI Corp. (NYSE: HNI) reported Q4 EPS of $1.12, $0.07 better than the analyst estimate of $1.05. Revenue for the quarter came in at $616.1 million versus the consensus estimate of $628.27 million.
Highlights
Fourth quarter non-GAAP operating margin expanded 80 basis points year-over-year, driven by solid cost control.Fourth quarter free cash flow exceeded expectations, strengthening the Corporations financial flexibility.Fiscal year 2020 guidance assumes relatively stable domestic end markets, benefits of annual... More