At HNI Corporation, we go beyond simply building great desks, chairs, file cabinets and fireplaces. We're focused on building relationships by delivering solutions. With deeply held values that were born with the corporation's founding in 1944, we are a collection of individuals, called members, united by a dedication to integrity, quality, innovation, service and continuous improvement. HNI Corporation's growth strategy centers on three imperatives: building leading brands, taking care of end users and achieving operational excellence. The corporation's manufacturing and supply chain expertise consistently translates to the highest quality products, provided with the fastest and most dependable turnaround in its industries. HNI Corporation is a group of nine companies, each representing a family of leading brands, products and services for the office and home. In HNI Corporation's unique and powerful member-owner environment, every member has an opportunity to share in making the business better. Everyone is rewarded for individual and collective performance through stock ownership, profit sharing and other compensation systems. Our culture is built around Rapid Continuous Improvement (RCI) and the notion that every member has something unique and valuable to contribute. We have found that when our people share their ideas, and management acts on those ideas, we achieve something powerful: 10,000-plus individuals working actively to make the company better.

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Type
Public
HQ
Muscatine, US
Founded
1944
Size (employees)
8,900 (est)
HNI Corporation was founded in 1944 and is headquartered in Muscatine, US
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HNI Corporation Office Locations

HNI Corporation has an office in Muscatine
Muscatine, US (HQ)
408 E 2nd St
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HNI Corporation Financials and Metrics

HNI Corporation Financials

HNI Corporation's revenue was reported to be $2.20 b in FY, 2016 which is a 4.4% decrease from the previous period.
USD

Revenue (Q2, 2017)

514.5 m

Gross profit (Q2, 2017)

184.8 m

Gross profit margin (Q2, 2017), %

35.9%

Net income (Q2, 2017)

13.9 m

EBIT (Q2, 2017)

21.6 m

Market capitalization (23-Apr-2018)

1.6 b

Cash (7-Jan-2017)

27.1 m

EV

1.8 b
HNI Corporation's current market capitalization is $1.6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.1 b2.2 b2.3 b2.2 b

Revenue growth, %

8%4%(4%)

Cost of goods sold

1.3 b1.4 b1.5 b1.4 b

Gross profit

715.3 m784.2 m847.4 m835 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017

Revenue

565.7 m452.2 m509.1 m614.7 m615.9 m523.5 m568.2 m584.6 m501 m536.5 m477.7 m514.5 m

Cost of goods sold

365.8 m297 m328 m394.8 m384.2 m339 m362.1 m363.1 m315.3 m327.6 m303.9 m329.7 m

Gross profit

199.9 m155.2 m181.1 m219.9 m231.6 m184.5 m206.1 m221.6 m185.7 m208.9 m173.7 m184.8 m

Gross profit Margin, %

35%34%36%36%38%35%36%38%37%39%36%36%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

65 m34.1 m28.5 m36.3 m

Inventories

26.7 m39.2 m36.9 m118.4 m

Current Assets

433.2 m455.6 m438.4 m433 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017

Cash

36.9 m45.7 m29.3 m29.7 m24.6 m25.5 m33.4 m27.3 m38.6 m24.4 m29.1 m27.1 m

Inventories

99.1 m100.3 m128.4 m116.9 m145.2 m143.9 m164.7 m150.7 m147.9 m170.1 m143.7 m167.2 m

Current Assets

434.4 m398.7 m439.5 m468.6 m501 m458 m523 m465 m443.5 m476.1 m418 m467.2 m

Goodwill

286.6 m287.1 m278.1 m277.9 m280.6 m279.8 m279.4 m293.5 m294.3 m293 m290.7 m290.7 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

63.4 m61.2 m105.4 m85.6 m

Depreciation and Amortization

46.6 m56.7 m57.6 m68.9 m

Inventories

1.6 m(23 m)(4.2 m)

Accounts Payable

25.9 m26.9 m(21.1 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017

Net Income

28 m11 m9.7 m33.5 m40.8 m8.5 m23.9 m74.7 m11.8 m29 m4.8 m18.6 m

Depreciation and Amortization

48.9 m18.8 m36.5 m

Inventories

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

Accounts Payable

396.2 m445.3 m427.5 m369.9 m404.7 m415.6 m349.8 m395.4 m346.1 m
USDY, 2017

EV/EBIT

83.1 x

Revenue/Employee

57.8 k

Financial Leverage

2.8 x
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HNI Corporation News and Updates

Quick Service Restaurants Furniture Market by Key Players (Kian, ISI America, JBI interiors, Reinhold-Keller, HNI Corporation, Ashley), by Types (Tables, Seatings, Panels, Booths, Divider Walls): Global Forecast to 2022

ReportsWeb.com published “Quick Service Restaurants Furniture Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Posted via Industry Today. Follow us on T…
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