HNI Corp. (HNI) Tops Q1 EPS by 27c

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Go back to HNI Corp. (HNI) Tops Q1 EPS by 27c

HNI Corporation Reports Earnings for First Quarter Fiscal Year 2021

April 28, 2021 4:30 PM EDT

MUSCATINE, Iowa--(BUSINESS WIRE)-- HNI Corporation (NYSE: HNI) today announced sales for the first quarter ended April 3, 2021 of $484.3 million and net income of $15.0 million. GAAP net income (loss) per diluted share was $0.34, compared to $(0.56) in the prior year. Non-GAAP net income per diluted share was $0.36, compared to $0.21 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release.

First Quarter Highlights

Strong results in Residential Building Products: First quarter 2021 revenue grew 39 percent on a year-over-year basis, and operating margin expanded 600 basis points... More