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

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Go back to 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

HNI Corporation Reports Strong Profitability for Fourth Quarter Fiscal Year 2019

February 19, 2020 4:45 PM EST

MUSCATINE, Iowa--(BUSINESS WIRE)-- HNI Corporation (NYSE: HNI) today announced sales for the full year ended December 28, 2019 of $2.247 billion and net income of $111 million. GAAP net income per diluted share was $2.54, compared to $2.11 in the prior year. Non-GAAP net income per diluted share was $2.59, compared to $2.41 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release.

Fourth quarter sales of $616 million were up 3% from year-ago levels, and fourth quarter net income was $48 million. GAAP net income per diluted share was $1.10, compared to $0.73 in the prior year.... More