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HNI is a leading global provider and designer of office furniture and the nation's leading manufacturer and marketer of hearth products. HNI sells the broadest and deepest selection of quality office furniture solutions available to meet the needs of every customer through an extensive portfolio of well-known and trusted brands. Its hearth products are the strongest, most respected brands in the industry and include a full array of gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories.

Company profile

Ticker

HNI

Exchange

NYSE

Website

www.hnicorp.com/

CEO

Jeffrey Lorenger

Incorporated

Iowa

Location

Iowa

Fiscal year end

Jan 01

Sector

Manufacturing > Office Furniture (except Wood) Manufacturing

Industry (SIC)

Office Furniture (No Wood)

Steelcase ...

Former names

HON INDUSTRIES INC

SEC CIK

0000048287

Corporate docs

Articles of Incorporation & Bylaws

IRS number

420617510

HNI stock data

S&P 500

1M 1Y 2Y 5Y

News

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Earnings Scheduled For July 1, 2021

1 Jul 21

Companies Reporting Before The Bell • Simply Good Foods (NASDAQ:SMPL) is projected to report quarterly earnings at $0.29 per share on revenue of $244.29 million.

Earnings Outlook For HNI

30 Jun 21

HNI (NYSE:HNI) releases its next round of earnings this Thursday, July 01. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.

Stocks That Hit 52-Week Highs On Thursday

27 May 21

Before 10 a.m. ET Thursday, 194 stocks hit new 52-week highs.

Stocks That Hit 52-Week Highs On Tuesday

25 May 21

Stocks That Hit 52-Week Highs On Monday

10 May 21

Press releases

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HNI Corporation Second Quarter Fiscal 2021 Results Conference Call

8 Jul 21

HNI Corporation (NYSE:HNI) will host its quarterly conference call for investors to discuss second quarter fiscal 2021 results on: Thursday, July 29, 2021 11:00 a.m. Eastern 10:00 a.m. Central 9:00 a.m. Mountain 8:00

The HON Company Introduces Workwall, A Customizable And Dynamic Tack Zone Solution For The Modern Workspace

8 Jul 21

MUSCATINE, Iowa, July 8, 2021 /PRNewswire/ -- The HON Company today announced the release of Workwall, its newest innovative product for the modern workplace. A dynamic and customizable tack zone solution, Workwall fits

HNI Corporation Increases Quarterly Dividend

10 May 21

HNI Corporation (NYSE:HNI) announced today its Board of Directors declared a quarterly dividend of 31 cents per share on its common stock. The dividend will be payable on June 1, 2021, to shareholders of record at the

HNI Corp. to Host Earnings Call

29 Apr 21

Calendar

4 May 21

28 Jul 21

1 Jan 22

Financial summary

Financial statements Chart HNI financial data

Quarter (USD)	Apr 21	Jan 21	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jan 21	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from HNI earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	94.28M	94.28M	94.28M	94.28M	94.28M	94.28M
Cash burn (monthly)	7.28M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	27.77M	n/a	n/a	n/a	n/a	n/a
Cash remaining	66.51M	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	9.1	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

HNI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Jun 21	Calado Miguel M	Common Stock	Sell	Dispose S	No	Yes	46.5	1,527	71.01K	37,855.323
1 Jun 21	Larry B Porcellato	Common Stock	Sell	Dispose S	No	Yes	46.91	100	4.69K	47,807.183
1 Jun 21	Larry B Porcellato	Common Stock	Sell	Dispose S	No	Yes	46.87	3	140.61	47,907.183
1 Jun 21	Larry B Porcellato	Common Stock	Sell	Dispose S	No	Yes	46.81	163	7.63K	47,910.183
1 Jun 21	Larry B Porcellato	Common Stock	Sell	Dispose S	No	Yes	46.8	200	9.36K	48,073.183
1 Jun 21	Larry B Porcellato	Common Stock	Sell	Dispose S	No	Yes	46.7	100	4.67K	48,273.183
1 Jun 21	Larry B Porcellato	Common Stock	Sell	Dispose S	No	Yes	46.69	100	4.67K	48,373.183
1 Jun 21	Larry B Porcellato	Common Stock	Sell	Dispose S	No	Yes	46.68	20	933.6	48,473.183
1 Jun 21	Larry B Porcellato	Common Stock	Sell	Dispose S	No	Yes	46.54	100	4.65K	48,493.183
1 Jun 21	Larry B Porcellato	Common Stock	Sell	Dispose S	No	Yes	46.49	100	4.65K	48,593.183

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

HNI institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

75.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	176	177	-0.6%
Opened positions	28	31	-9.7%
Closed positions	29	11	+163.6%
Increased positions	68	57	+19.3%
Reduced positions	50	59	-15.3%

13F shares	Current	Prev Q	Change
Total value	2.5B	1.1B	+127.9%
Total shares	32.75M	31.83M	+2.9%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BLK Blackrock	7.03M	$278.15M	+47.0%
State Farm Mutual Automobile Insurance	5.63M	$222.68M	0.0%
Vanguard	4.56M	$180.57M	+15.6%
STT State Street	1.47M	$58.13M	+9.5%
Dimensional Fund Advisors	1.21M	$47.81M	-1.7%
Charles Schwab Investment Management	843.53K	$33.37M	-8.8%
BK Bank Of New York Mellon	768.66K	$30.41M	-1.5%
Geode Capital Management	705.4K	$27.91M	+11.3%
NTRS Northern Trust	572.31K	$22.64M	-15.8%
FMR	565.52K	$22.37M	-66.0%

Largest transactions	Shares	Bought/sold	Change
BLK Blackrock	7.03M	+2.25M	+47.0%
FMR	565.52K	-1.1M	-66.0%
Vanguard	4.56M	+617.03K	+15.6%
Norges Bank	0	-542.45K	EXIT
IVZ Invesco	529.63K	+355.46K	+204.1%
Lazard Asset Management	111.04K	-224.07K	-66.9%
Victory Capital Management	106.03K	-219.88K	-67.5%
PFG Principal Financial Group Inc - Registered Shares	314.18K	+172.58K	+121.9%
Merriman Wealth Management	0	-150.1K	EXIT
Frontier Capital Management	557.28K	-148.19K	-21.0%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Kimball International • Herman Miller • Knoll • Steelcase

Management Discussion

Consolidated net sales for the first quarter of 2021 increased 3.3 percent compared to the same quarter last year. The change was driven by an increase in the residential building products segment, partially offset by a decrease in the workplace furnishings segment driven by conditions related to the COVID-19 pandemic. Included in the sales results for the current quarter was an $8.8 million favorable impact from acquiring DPG and residential building products distributors.
Gross profit as a percentage of net sales decreased 40 basis points in the first quarter of 2021 compared to the same quarter last year primarily driven by lower workplace furnishings volume and unfavorable price-cost, partially offset by higher residential building products volume and net productivity.
Selling and administrative expenses as a percentage of net sales decreased 310 basis points in the first quarter of 2021 compared to the same quarter last year due to lower core SG&A, higher residential building products volume, and freight and distribution productivity, partially offset by lower workplace furnishings volume and higher variable compensation. Included in current year quarter SG&A was $0.7 million of one-time costs from exiting workplace furnishings showrooms. The prior-year quarter included $5.0 million of one-time costs incurred as the result of the COVID-19 pandemic (of which $1.6 million was recorded as a corporate charge).

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman V bad

New words: assigned, complex, deal, digital, distributor, DPG, exclude, exiting, expand, footnote, forfeiture, navigate, onset, open, provisional, Public, recovery, stage, strength, technology, valuation, variance, vest, winning

Removed: account, Aid, alternative, August, broader, Care, carryback, chain, channel, China, collectability, collectively, continuing, deduction, developed, Disease, distancing, doubtful, drove, enacted, estimation, evaluating, event, gain, health, implemented, improvement, initial, introduced, June, local, manage, methodology, minimum, modified, occurred, performed, portfolio, Prevention, projecting, qualified, quality, receivable, relief, remotely, response, retained, retrospective, safe, security, separately, social, subsequent, supply, supportable, technical, temporarily, Topic, tradename, ultimate, unamortized, work

From filing 10-Q 2021 Q1