HNI Corp. (HNI) Tops Q2 EPS by 18c

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Go back to HNI Corp. (HNI) Tops Q2 EPS by 18c

HNI Corporation Reports Earnings for Second Quarter Fiscal Year 2022

July 28, 2022 7:30 AM EDT

MUSCATINE, Iowa--(BUSINESS WIRE)-- HNI Corporation (NYSE: HNI) today announced sales for the second quarter ended July 2, 2022 of $621.7 million and net income of $30.3 million. GAAP net income per diluted share was $0.72, compared to $0.39 in the prior year. Non-GAAP net income per diluted share was $0.52, compared to $0.40 in the prior year. GAAP to Non-GAAP reconciliations follow the financial statements in this release.

Highlights

Strong earnings growth. In the second quarter, the Corporation delivered 23 percent operating income growth and increased non-GAAP earnings per share 30 percent on a... More