OverviewSuggest Edit

HNI Corporation manufactures and sells office furniture and hearth products. The Company's Office Furniture segment offers a range of metal and wood commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products. The Hearth Products segment provides various gas, electric, wood, and biomass burning fireplaces.
TypePublic
Founded1944
HQMuscatine, US
Websitehnicorp.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Feb 2019)9,100
Job Openings81
Revenue (FY, 2018)$2.3 B(+4%)
Share Price (Dec 2019)$40.6 (+3%)

HNI Corporation Office Locations

HNI Corporation has offices in Muscatine, Hickory, Lakeville, Wayland and in 2 other locations
Muscatine, US (HQ)
600 E 2nd St
Hickory, US
900 12th St Dr NW
Lakeville, US
215th St W
Lakeville, US
7571 215th St W
Muscatine, US
200 Oak St
Muscatine, US
2210 2nd Ave
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HNI Corporation Financials and Metrics

HNI Corporation Revenue

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HNI Corporation's revenue was reported to be $2.26 b in FY, 2018 which is a 3.8% increase from the previous period.
USD

Revenue (Q3, 2019)

625.4m

Gross profit (Q3, 2019)

237.7m

Gross profit margin (Q3, 2019), %

38%

Net income (Q3, 2019)

46.1m

EBIT (Q3, 2019)

60.7m

Market capitalization (6-Dec-2019)

1.7b

Closing stock price (6-Dec-2019)

40.6

Cash (28-Sept-2019)

53.0m

EV

1.9b
HNI Corporation's current market capitalization is $1.7 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

2.2b2.2b2.3b

Revenue growth, %

(4%)(1%)4%

Cost of goods sold

1.4b1.4b1.4b

Gross profit

835.0m784.0m835.0m
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, 2018

Cash

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

Accounts Receivable

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

Prepaid Expenses

46.6m49.3m41.4m

Inventories

101.9m93.5m26.7m39.2m36.9m118.4m155.7m157.2m
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, 2018

Net Income

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

Depreciation and Amortization

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

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
USDY, 2019

EV/EBIT

31.8 x

EV/CFO

16.7 x

Financial Leverage

2.6 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 Online and Social Media Presence

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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.

  • How many employees does HNI Corporation have?

    HNI Corporation has 9,100 employees.

  • What is HNI Corporation revenue?

    Latest HNI Corporation annual revenue is $2.3 b.

  • What is HNI Corporation revenue per employee?

    Latest HNI Corporation revenue per employee is $248.1 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, Hickory, Lakeville, Wayland and in 2 other locations.

  • How many offices does HNI Corporation have?

    HNI Corporation has 10 offices.