HNI Corp. (HNI) Tops Q4 EPS by 15c

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Go back to HNI Corp. (HNI) Tops Q4 EPS by 15c

HNI Corporation Reports Earnings for Fourth Quarter and Fiscal Year 2022

February 23, 2023 7:30 AM EST

MUSCATINE, Iowa--(BUSINESS WIRE)-- HNI Corporation (NYSE: HNI) today announced sales for the full year ended December 31, 2022 of $2.362 billion and net income of $123.9 million. GAAP net income per diluted share was $2.94, compared to $1.36 in the prior year. Non-GAAP net income per diluted share was $2.20, compared to $1.63 in the prior year. GAAP to non-GAAP reconciliations follow the financial statements in this release.

Fourth quarter sales of $568.9 million were down 6 percent from year-ago levels, and fourth quarter net income was $16.3 million. GAAP net income per diluted share was $0.39, compared to $0.19 in the prior... More