HNI Corp. (HNI) Tops Q2 EPS by 51c, Revenues Beat

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Go back to HNI Corp. (HNI) Tops Q2 EPS by 51c, Revenues Beat

HNI Corporation Reports Earnings for Second Quarter Fiscal Year 2020

July 22, 2020 4:30 PM EDT

MUSCATINE, Iowa--(BUSINESS WIRE)-- HNI Corporation (NYSE: HNI) today announced sales for the second quarter ended June 27, 2020 of $417.5 million and net income of $12.6 million. GAAP net income per diluted share was $0.29, compared to $0.36 in the prior year. Non-GAAP net income per diluted share was $0.20, compared to $0.38 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release.

Second Quarter Highlights

The Corporation delivered solid profits and increased second quarter operating cash flows by $20 million or 49 percent versus the prior year despite pandemic related top-line... More