HNI Corporation

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.

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

HNI Corporation Office Locations

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

HNI Corporation Data and Metrics

HNI Corporation Financial Metrics

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.
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

Gross profit Margin, %

35%35%37%38%

General and administrative expense

667.7 m

Operating expense total

667.7 m

EBIT

106 m112.8 m163.7 m133.7 m

EBIT margin, %

5%5%7%6%

Interest expense

9.9 m8.3 m6.9 m5.1 m

Interest income

626 k418 k395 k305 k

Pre tax profit

96.7 m104.9 m157.2 m128.9 m

Income tax expense

33.3 m43.8 m51.8 m43.3 m

Net Income

63.4 m61.2 m105.4 m85.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

509.1 m614.7 m523.5 m568.2 m615.9 m501 m536.5 m584.6 m477.7 m

Cost of goods sold

328 m394.8 m339 m362.1 m384.2 m315.3 m327.6 m363.1 m303.9 m

Gross profit

181.1 m219.9 m184.5 m206.1 m231.6 m185.7 m208.9 m221.6 m173.7 m

Gross profit Margin, %

36%36%35%36%38%37%39%38%36%

General and administrative expense

155.3 m166.2 m168.7 m167.3 m170.4 m165.1 m162.3 m169.5 m163.7 m

Operating expense total

155.3 m166.2 m168.7 m167.3 m170.4 m165.1 m162.3 m169.5 m163.7 m

EBIT

16.9 m52.7 m15.4 m39.4 m61.1 m19.5 m46 m51.7 m7.9 m

EBIT margin, %

3%9%3%7%10%4%9%9%2%

Interest expense

2.2 m2 m2 m2 m1.7 m1.9 m1.1 m1.1 m1 m

Interest income

146 k110 k90 k119 k110 k78 k63 k80 k71 k

Pre tax profit

14.9 m50.9 m13.5 m37.6 m59.5 m17.7 m45 m50.6 m7 m

Income tax expense

5.2 m17.4 m5.1 m13.7 m18.6 m5.9 m15.9 m16.8 m2.2 m

Net Income

9.7 m33.5 m8.5 m23.9 m40.8 m11.8 m29 m33.8 m4.8 m
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

Goodwill

286.7 m279.3 m277.7 m290.7 m

Total Assets

1.1 b1.2 b1.3 b1.3 b

Accounts Payable

407.8 m453.8 m424.4 m425 m

Total Debt

180 m

Current Liabilities

411.6 m457.3 m435.9 m463.5 m

Common Stock

44.1 m

Additional Paid-in Capital

16.7 m867 k4.4 m

Retained Earnings

373.7 m374.9 m433.6 m461.5 m

Total Equity

436.4 m414.5 m477.3 m501 m

Debt to Equity Ratio

0.4 x

Debt to Assets Ratio

0.1 x

Financial Leverage

2.6 x3 x2.6 x2.7 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

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

Inventories

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

Current Assets

439.5 m468.6 m458 m523 m501 m443.5 m476.1 m465 m418 m

Goodwill

278.1 m277.9 m279.8 m279.4 m280.6 m294.3 m293 m293.5 m290.7 m

Total Assets

1.2 b1.2 b1.2 b1.3 b1.3 b1.3 b1.4 b1.4 b1.3 b

Accounts Payable

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

Current Liabilities

435 m449.9 m448.8 m713.2 m690.4 m459.2 m483.3 m441.4 m466 m

Additional Paid-in Capital

18.3 m797 k16 m11.2 m4.5 m15.7 m17.9 m14.4 m11.9 m

Retained Earnings

372.4 m393.8 m371.8 m383.9 m413 m433.7 m450.5 m472 m449.4 m

Total Equity

437 m439.5 m427.6 m435.1 m455.8 m488.6 m505.9 m524.3 m501.5 m

Financial Leverage

2.7 x2.7 x2.9 x3 x2.9 x2.7 x2.7 x2.6 x2.6 x
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)

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

9.7 m33.5 m8.5 m23.9 m40.8 m11.8 m29 m33.8 m4.8 m

Inventories

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

Accounts Payable

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

Financial Leverage

2.6 x

HNI Corporation Market Value History

HNI Corporation Median Salaries

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

Traffic Overview of HNI Corporation

HNI Corporation Online and Social Media Presence

HNI Corporation Company Life and Culture

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