OverviewSuggest Edit

HNI Corporation is a company that manufactures and sells office furniture and hearth products. It offers a range of metal and wood commercial and home office furniture including storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, panel systems, and other related products. The company also provides gas, electric, wood, and biomass burning fireplaces.
TypePublic
Founded1944
HQMuscatine, IA, US
Websitehnicorp.com
Employee Ratings3.7
Overall CultureB-

Latest Updates

Employees (est.) (Dec 2019)8,400(-3%)
Revenue (FY, 2019)$2.2 B
Share Price (Mar 2021)$37.7 (+6%)
Cybersecurity ratingBMore

Key People/Management at HNI Corporation

Jeffrey Lorenger

Jeffrey Lorenger

Chairman, President and Chief Executive Officer
Steven Bradford

Steven Bradford

Senior Vice President, General Counsel and Secretary
Kurt Tjaden

Kurt Tjaden

Senior Vice President and President, HNI International
Marshall Bridges

Marshall Bridges

Senior Vice President and Chief Financial Officer
Matt McCall

Matt McCall

Vice President, Investor Relations and Corporate Development
Donna Meade

Donna Meade

Vice President, Member and Community Relations
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HNI Corporation Office Locations

HNI Corporation has offices in Muscatine and Mumbai
Muscatine, IA, US (HQ)
600 E 2nd St
Mumbai, IN
406 Windfall, C-wing, Sahara Plaza Andheri-Kurla Road, J B Nager, Andheri East
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HNI Corporation Financials and Metrics

HNI Corporation Revenue

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HNI Corporation's revenue was reported to be $2.25 b in FY, 2019
USD

Revenue (FY, 2019)

2.2b

Gross profit (FY, 2019)

833.8m

Gross profit margin (FY, 2019), %

37.1%

Net income (FY, 2019)

110.5m

EBIT (FY, 2019)

151.3m

Market capitalization (1-Mar-2021)

1.6b

Closing stock price (1-Mar-2021)

37.7

Cash (28-Dec-2019)

52.1m

EV

1.7b
HNI Corporation's current market capitalization is $1.6 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

2.2b2.2b2.3b2.2b

Revenue growth, %

(4%)(1%)4%

Cost of goods sold

1.4b1.4b1.4b1.4b

Gross profit

835.0m784.0m835.0m833.8m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q3, 2016Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

523.5m568.2m615.9m584.6m501.0m536.5m584.6m477.7m514.5m599.5m505.1m543.6m611.1m479.5m526.0m625.4m

Cost of goods sold

339.0m362.1m384.2m363.1m315.3m327.6m363.1m303.9m329.7m378.2m328.2m342.7m377.8m309.8m333.4m387.7m

Gross profit

184.5m206.1m231.6m221.6m185.7m208.9m221.6m173.7m184.8m221.2m176.9m200.9m233.3m169.6m192.6m237.7m

Gross profit Margin, %

35%36%38%38%37%39%38%36%36%37%35%37%38%35%37%38%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

72.8m41.8m65.0m34.1m28.5m36.3m23.3m76.8m52.1m

Accounts Receivable

204.0m213.5m229.4m258.6m255.2m274.6m

Prepaid Expenses

46.6m49.3m41.4m37.6m

Inventories

101.9m93.5m26.7m39.2m36.9m118.4m155.7m157.2m163.5m
Quarterly
USDQ2, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

44.3m52.4m46.8m101.5m56.5m55.1m49.3m30.9m33.8m36.9m45.7m29.3m29.7m24.6m25.5m33.4m27.3m38.6m24.4m29.1m27.1m22.4m28.8m31.1m43.7m47.9m28.8m53.0m

Accounts Receivable

182.9m171.1m210.1m220.5m197.5m219.8m247.3m194.8m245.4m266.1m223.0m238.9m254.9m224.7m245.3m272.0m

Prepaid Expenses

43.9m47.7m49.8m38.8m39.2m41.3m36.8m

Inventories

82.7m88.1m101.0m95.7m99.9m113.7m104.9m106.7m118.3m99.1m100.3m128.4m116.9m145.2m143.9m164.7m150.7m147.9m170.1m143.7m167.2m154.1m158.7m185.4m174.6m170.6m194.0m181.9m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

46.0m49.0m63.4m61.2m105.4m85.6m89.9m93.3m110.5m

Depreciation and Amortization

46.3m43.4m46.6m56.7m57.6m68.9m72.9m74.8m77.4m

Inventories

(11.3m)9.5m1.6m(23.0m)(4.2m)

Accounts Payable

39.9m27.6m25.9m26.9m(21.1m)
Quarterly
USDQ2, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(1.1m)(1.8m)2.9m27.8m(141.0k)6.9m31.4m1.4m12.8m28.0m11.0m9.7m33.5m40.8m8.5m23.9m74.7m11.8m29.0m74.7m4.8m18.6m56.0m2.5m21.1m61.0m1.0m16.8m62.9m

Depreciation and Amortization

31.1m12.1m23.8m35.1m10.8m21.4m32.1m11.1m22.8m48.9m48.9m18.8m36.5m54.5m18.4m37.3m55.9m19.0m38.5m57.8m

Inventories

128.4m116.9m145.2m143.9m164.7m150.7m147.9m170.1m

Accounts Payable

396.2m445.3m427.5m369.9m404.7m415.6m349.8m395.4m
USDQ2, 2011

Financial Leverage

2.4 x
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HNI Corporation Revenue Breakdown

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HNI Corporation revenue breakdown by business segment: 76.3% from Office Furniture and 23.7% from Hearth Products

HNI Corporation Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

HNI Corporation Online and Social Media Presence

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HNI Corporation Company Culture

  • Overall Culture

    B-

    69/100

  • CEO Rating

    B

    72/100

  • Compensation

    C+

    66/100

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HNI Corporation News and Updates

Secondary Wood Products Market Demand & Competitive Analysis by 2025| Steelcase, HNI Corporation, Weyerhaeuser Company

The Secondary Wood Products market was valued at xx Million US$ in 2020 and is projected to reach xx Million US$ by 2026, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2020 to 2026 as the forecast period to estimate the market size for Seco…

The Future of the Global School Furniture Market to 2024 - Key Players are Herman Miller, HNI Corporation, Steelcase, Knoll, and Smith System

DUBLIN, July 3, 2019 /PRNewswire/ -- The "School Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering. According to the report, the global school furniture market reached a value of...

Commercial Furniture Global Market 2019: Key Players – Steelcase, Herman Miller, Haworth, HNI Corporation, Okamura Corporation

Wiseguyreports.Com adds “Commercial Furniture Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025” To Its Research Database. Posted via Industry Today. Follow us on Twitter @IndustryToday

HNI Corporation Reports Strong Sales Growth Continued During Second Quarter Fiscal Year 2018

MUSCATINE, Iowa, July 23, 2018 /PRNewswire/ -- HNI Corporation (NYSE: HNI) today announced sales for the second quarter ended June 30, 2018 of $543.6 million and net income of $18.6 million. GAAP net income per diluted share was $0.42 compared to $0.31 in the prior year. Non-GAAP net...

HNI Corporation Second Quarter Fiscal 2018 Results Conference Call

MUSCATINE, Iowa, June 29, 2018 /PRNewswire/ -- HNI Corporation (NYSE: HNI) will host its quarterly conference call for investors to discuss second quarter fiscal 2018 results on: Tuesday, July 24, 201811:00 a.m. Eastern10:00 a.m. Central8:00 a.m. Pacific To participate in the...
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HNI Corporation Frequently Asked Questions

  • When was HNI Corporation founded?

    HNI Corporation was founded in 1944.

  • Who are HNI Corporation key executives?

    HNI Corporation's key executives are Jeffrey Lorenger, Steven Bradford and Kurt Tjaden.

  • How many employees does HNI Corporation have?

    HNI Corporation has 8,400 employees.

  • What is HNI Corporation revenue?

    Latest HNI Corporation annual revenue is $2.2 b.

  • What is HNI Corporation revenue per employee?

    Latest HNI Corporation revenue per employee is $267.5 k.

  • Who are HNI Corporation competitors?

    Competitors of HNI Corporation include Knoll, Herman Miller and Steelcase.

  • Where is HNI Corporation headquarters?

    HNI Corporation headquarters is located at 600 E 2nd St, Muscatine.

  • Where are HNI Corporation offices?

    HNI Corporation has offices in Muscatine and Mumbai.

  • How many offices does HNI Corporation have?

    HNI Corporation has 2 offices.