HNI Corporation

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 Ratings3.5
Overall CultureB

Latest Updates

Employees (est.) (Jan 2021)7,500(-10%)
Job Openings132
Revenue (FY, 2021)$2.2 B(+12%)
Share Price (Aug 2022)$35(-1%)
Cybersecurity ratingBMore
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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
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

HNI Corporation's revenue was reported to be $2.18 b in FY, 2021
USD

Revenue (Q1, 2022)

572.3m

Gross profit (Q1, 2022)

196.9m

Net income (Q1, 2022)

14.2m

EBIT (Q1, 2022)

20.4m

Market capitalization (1-Aug-2022)

1.5b

Closing stock price (1-Aug-2022)

35.0

Cash (2-Apr-2022)

23.5m
HNI Corporation's current market capitalization is $1.5 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

2.3b2.2b2.0b2.2b

Revenue growth, %

4%0%

Cost of goods sold

1.4b1.4b1.2b1.4b

Gross profit

835.0m833.8m721.1m757.4m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

479.5m526.0m625.4m468.7m417.5m507.1m484.3m510.5m586.8m572.3m

Cost of goods sold

309.8m333.4m387.7m292.7m266.6m321.5m304.3m322.6m391.4m375.4m

Gross profit

169.6m192.6m237.7m176.0m150.9m185.5m179.9m187.9m195.4m196.9m

Gross profit Margin, %

35%37%38%38%36%37%37%37%33%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

76.8m52.1m116.1m52.3m

Accounts Receivable

255.2m274.6m208.0m240.0m

Prepaid Expenses

41.4m37.6m37.7m51.1m

Inventories

157.2m163.5m137.8m181.6m
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

93.3m110.5m41.9m59.8m

Depreciation and Amortization

74.8m77.4m77.7m83.1m

Cash From Operating Activities

186.4m219.4m214.5m131.6m

Capital Expenditures

(55.6m)(60.8m)(32.3m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

1.0m16.8m62.9m(23.9m)(11.3m)19.3m15.0m32.4m51.6m14.2m

Depreciation and Amortization

19.0m38.5m57.8m19.5m38.6m57.9m20.5m41.1m62.0m21.1m

Cash From Operating Activities

(28.3m)12.8m115.6m(33.3m)27.8m143.4m1.7m37.3m88.5m(38.9m)

Capital Expenditures

(17.6m)(34.7m)(46.1m)(8.5m)(15.7m)(24.8m)(16.2m)(26.2m)(38.2m)
USDFY, 2018

Revenue/Employee

259.5k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2.5 x
Show all financial metrics

HNI Corporation Operating Metrics

FY, 2018FY, 2019FY, 2020

Patents (Foreign)

152138122

Patents (US)

164141101

Trademarks (Foreign)

422411397

Trademarks (US)

185183183

HNI Corporation Acquisitions / Subsidiaries

Company NameDateDeal Size
Design Public GroupDecember 31, 2020$50 m
OFMJanuary 29, 2016$34.1 m
VCGOctober 01, 2014$62.2 m
Dansons IncAugust 29, 2012$1.5 m
BP Ergo LtdAugust 13, 2012$25.5 m
Sagus InternationalNovember 14, 2011$56.1 m
Hickory Business FurnitureMarch 29, 2008$75 m
Lamex Trading CoJanuary 13, 2006$78.2 m
Architectural Installations Atlanta, Inc.December 09, 2004$9.1 m
Edward George CompanyJuly 19, 2004$9.3 m
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HNI Corporation Revenue Breakdown

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HNI Corporation revenue breakdown by business segment: 30.2% from Residential Building Products and 69.8% from Workplace Furnishings

HNI Corporation Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

HNI Corporation Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

HNI Corporation Online and Social Media Presence

Embed Graph

HNI Corporation Company Culture

  • Overall Culture

    B

    70/100

  • CEO Rating

    B+

    74/100

  • Compensation

    C

    62/100

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HNI Corporation News and Updates

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...

HNI Corporation Announces New Chief Executive Officer

MUSCATINE, Iowa, June 28, 2018 /PRNewswire/ -- HNI Corporation (NYSE: HNI) announced today the retirement of Stan A. Askren as Chief Executive Officer and the promotion of Jeffrey D. Lorenger as its new Chief Executive Officer. This transition is part of a long-planned and previously...
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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 7,500 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 $291.3 k.

  • Who are HNI Corporation competitors?

    Competitors of HNI Corporation include Knoll, MillerKnoll 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.