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.

HNI Corporation was founded in 1944 and is headquartered in Muscatine, US

HNI Corporation has an office in Muscatine

Muscatine, US (HQ)

408 E 2nd St

HNI Corporation's revenue was reported to be $477.7 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 477.7 m |

## Gross profit (Q1, 2017) | 173.7 m |

## Gross profit margin (Q1, 2017), % | 36% |

## Net income (Q1, 2017) | 4.8 m |

## EBIT (Q1, 2017) | 7.9 m |

## Market capitalization (15-Aug-2017) | 1.6 b |

## Cash (01-Apr-2017) | 29.1 m |

HNI Corporation's current market capitalization is $1.6 b.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 2.1 b | 2.2 b | 2.3 b | 2.2 b |

## Revenue growth, % | 8% | 4% | (4%) | |

## Cost of goods sold | 1.3 b | 1.4 b | 1.5 b | 1.4 b |

## Gross profit | 715.3 m | 784.2 m | 847.4 m | 835 m |

## Gross profit Margin, % | 35% | 35% | 37% | 38% |

## General and administrative expense | 667.7 m | |||

## Operating expense total | 667.7 m | |||

## EBIT | 106 m | 112.8 m | 163.7 m | 133.7 m |

## EBIT margin, % | 5% | 5% | 7% | 6% |

## Interest expense | 9.9 m | 8.3 m | 6.9 m | 5.1 m |

## Interest income | 626 k | 418 k | 395 k | 305 k |

## Pre tax profit | 96.7 m | 104.9 m | 157.2 m | 128.9 m |

## Income tax expense | 33.3 m | 43.8 m | 51.8 m | 43.3 m |

## Net Income | 63.4 m | 61.2 m | 105.4 m | 85.6 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 509.1 m | 614.7 m | 523.5 m | 568.2 m | 615.9 m | 501 m | 536.5 m | 584.6 m | 477.7 m |

## Cost of goods sold | 328 m | 394.8 m | 339 m | 362.1 m | 384.2 m | 315.3 m | 327.6 m | 363.1 m | 303.9 m |

## Gross profit | 181.1 m | 219.9 m | 184.5 m | 206.1 m | 231.6 m | 185.7 m | 208.9 m | 221.6 m | 173.7 m |

## Gross profit Margin, % | 36% | 36% | 35% | 36% | 38% | 37% | 39% | 38% | 36% |

## General and administrative expense | 155.3 m | 166.2 m | 168.7 m | 167.3 m | 170.4 m | 165.1 m | 162.3 m | 169.5 m | 163.7 m |

## Operating expense total | 155.3 m | 166.2 m | 168.7 m | 167.3 m | 170.4 m | 165.1 m | 162.3 m | 169.5 m | 163.7 m |

## EBIT | 16.9 m | 52.7 m | 15.4 m | 39.4 m | 61.1 m | 19.5 m | 46 m | 51.7 m | 7.9 m |

## EBIT margin, % | 3% | 9% | 3% | 7% | 10% | 4% | 9% | 9% | 2% |

## Interest expense | 2.2 m | 2 m | 2 m | 2 m | 1.7 m | 1.9 m | 1.1 m | 1.1 m | 1 m |

## Interest income | 146 k | 110 k | 90 k | 119 k | 110 k | 78 k | 63 k | 80 k | 71 k |

## Pre tax profit | 14.9 m | 50.9 m | 13.5 m | 37.6 m | 59.5 m | 17.7 m | 45 m | 50.6 m | 7 m |

## Income tax expense | 5.2 m | 17.4 m | 5.1 m | 13.7 m | 18.6 m | 5.9 m | 15.9 m | 16.8 m | 2.2 m |

## Net Income | 9.7 m | 33.5 m | 8.5 m | 23.9 m | 40.8 m | 11.8 m | 29 m | 33.8 m | 4.8 m |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 65 m | 34.1 m | 28.5 m | 36.3 m |

## Inventories | 26.7 m | 39.2 m | 36.9 m | 118.4 m |

## Current Assets | 433.2 m | 455.6 m | 438.4 m | 433 m |

## Goodwill | 286.7 m | 279.3 m | 277.7 m | 290.7 m |

## Total Assets | 1.1 b | 1.2 b | 1.3 b | 1.3 b |

## Accounts Payable | 407.8 m | 453.8 m | 424.4 m | 425 m |

## Total Debt | 180 m | |||

## Current Liabilities | 411.6 m | 457.3 m | 435.9 m | 463.5 m |

## Common Stock | 44.1 m | |||

## Additional Paid-in Capital | 16.7 m | 867 k | 4.4 m | |

## Retained Earnings | 373.7 m | 374.9 m | 433.6 m | 461.5 m |

## Total Equity | 436.4 m | 414.5 m | 477.3 m | 501 m |

## Debt to Equity Ratio | 0.4 x | |||

## Debt to Assets Ratio | 0.1 x | |||

## Financial Leverage | 2.6 x | 3 x | 2.6 x | 2.7 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 29.3 m | 29.7 m | 25.5 m | 33.4 m | 24.6 m | 38.6 m | 24.4 m | 27.3 m | 29.1 m |

## Inventories | 128.4 m | 116.9 m | 143.9 m | 164.7 m | 145.2 m | 147.9 m | 170.1 m | 150.7 m | 143.7 m |

## Current Assets | 439.5 m | 468.6 m | 458 m | 523 m | 501 m | 443.5 m | 476.1 m | 465 m | 418 m |

## Goodwill | 278.1 m | 277.9 m | 279.8 m | 279.4 m | 280.6 m | 294.3 m | 293 m | 293.5 m | 290.7 m |

## Total Assets | 1.2 b | 1.2 b | 1.2 b | 1.3 b | 1.3 b | 1.3 b | 1.4 b | 1.4 b | 1.3 b |

## Accounts Payable | 396.2 m | 445.3 m | 369.9 m | 404.7 m | 427.5 m | 349.8 m | 395.4 m | 415.6 m | 346.1 m |

## Current Liabilities | 435 m | 449.9 m | 448.8 m | 713.2 m | 690.4 m | 459.2 m | 483.3 m | 441.4 m | 466 m |

## Additional Paid-in Capital | 18.3 m | 797 k | 16 m | 11.2 m | 4.5 m | 15.7 m | 17.9 m | 14.4 m | 11.9 m |

## Retained Earnings | 372.4 m | 393.8 m | 371.8 m | 383.9 m | 413 m | 433.7 m | 450.5 m | 472 m | 449.4 m |

## Total Equity | 437 m | 439.5 m | 427.6 m | 435.1 m | 455.8 m | 488.6 m | 505.9 m | 524.3 m | 501.5 m |

## Financial Leverage | 2.7 x | 2.7 x | 2.9 x | 3 x | 2.9 x | 2.7 x | 2.7 x | 2.6 x | 2.6 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 63.4 m | 61.2 m | 105.4 m | 85.6 m |

## Depreciation and Amortization | 46.6 m | 56.7 m | 57.6 m | 68.9 m |

## Inventories | 1.6 m | (23 m) | (4.2 m) | |

## Accounts Payable | 25.9 m | 26.9 m | (21.1 m) | |

## Capital Expenditures | (61 m) | (74.3 m) | (82.6 m) | 93.4 m |

## Dividends Paid | (43.5 m) | (44.3 m) | (46.3 m) | (48.5 m) |

## Income Taxes Paid | 4.5 m | (11.2 m) | 6.8 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 9.7 m | 33.5 m | 8.5 m | 23.9 m | 40.8 m | 11.8 m | 29 m | 33.8 m | 4.8 m |

## Inventories | 128.4 m | 116.9 m | 143.9 m | 164.7 m | 145.2 m | 147.9 m | 170.1 m | 150.7 m | 143.7 m |

## Accounts Payable | 396.2 m | 445.3 m | 369.9 m | 404.7 m | 427.5 m | 349.8 m | 395.4 m | 415.6 m | 346.1 m |

Y, 2017 | |
---|---|

## Financial Leverage | 2.6 x |

Source: 53 public H-1B filings from HNI Corporation