HNI Corp (HNI) PT Raised to $63 at Benchmark

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Go back to HNI Corp (HNI) PT Raised to $63 at Benchmark

HNI Corporation Reports Second Quarter 2024 Results

July 25, 2024 7:30 AM EDT

Strong second quarter EPS fueled by Workplace Furnishings profit transformation, Kimball International accretion, and Residential Building Products actions

Delivered strong second quarter EPS, GAAP $0.75 / non-GAAP $0.79 (+44% YoY). Expanded operating margins in Workplace Furnishings +750 bps GAAP / +370 bps non-GAAP YoY. Net sales growth expected to return in both segments during the second half of 2024. 2024 EPS expected to deliver strong growth and reach an all-time high. Elevated earnings growth visibility extends beyond 2024 from initiatives already underway.

MUSCATINE, Iowa--(BUSINESS WIRE)-- HNI Corporation (NYSE:... More