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HNI (HNI)

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
Website
CEO
Stanley Askren
Employees
Incorporated
Location
Fiscal year end
Former names
HON INDUSTRIES INC
SEC CIK
Subsidiaries
Allsteel Inc. • Design Holdings Inc. • Dongguan Lamex Furniture Co. Ltd. • Global Known Ltd. • The Gunlocke Company L.L.C. • Hearth & Home Technologies LLC • Hickory Business Furniture, LLC • HBF Furniture LLC • HNI Asia L.L.C. • HNI Asia Technology ...
IRS number
420617510

HNI stock data

Analyst ratings and price targets

Last 3 months

Calendar

2 Aug 22
9 Aug 22
31 Dec 22
Quarter (USD) Jul 22 Apr 22 Jan 22 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 19.6M 19.6M 19.6M 19.6M 19.6M 19.6M
Cash burn (monthly) 1.29M 8.24M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 1.61M 10.28M n/a n/a n/a n/a
Cash remaining 17.99M 9.32M n/a n/a n/a n/a
Runway (months of cash) 13.9 1.1 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jun 22 Larry B Porcellato Common Stock Sell Dispose S No Yes 36.1007 1,500 54.15K 43,018.276
17 May 22 Calado Miguel M Common Stock Grant Acquire A No No 0 3,041 0 34,898.527
17 May 22 Sivajee Dhanusha Common Stock Grant Acquire A No No 0 3,041 0 13,930
17 May 22 Francis Cheryl A Common Stock Grant Acquire A No No 0 3,041 0 75,987
17 May 22 Smith Abbie J Common Stock Grant Acquire A No No 0 3,041 0 81,482.105
22.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 177 168 +5.4%
Opened positions 19 30 -36.7%
Closed positions 10 28 -64.3%
Increased positions 67 48 +39.6%
Reduced positions 63 60 +5.0%
13F shares Current Prev Q Change
Total value 1.21B 1.39B -13.4%
Total shares 32.58M 33.16M -1.7%
Total puts 0 5.9K EXIT
Total calls 15.4K 22.9K -32.8%
Total put/call ratio 0.3
Largest owners Shares Value Change
BLK Blackrock 6.96M $257.74M +0.1%
Vanguard 4.73M $175.27M +1.2%
State Farm Mutual Automobile Insurance 4.03M $149.3M 0.0%
NTRS Northern Trust 2.18M $80.89M -4.0%
STT State Street 1.59M $58.94M +0.3%
FMR 1.51M $55.99M +6.6%
Dimensional Fund Advisors 1.13M $41.89M +1.0%
Charles Schwab Investment Management 1.08M $39.84M +5.3%
Geode Capital Management 752.68K $27.89M +2.8%
BK Bank Of New York Mellon 654.89K $24.26M -0.1%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -410.8K EXIT
IVZ Invesco 233.08K -323.77K -58.1%
Susquehanna International 6.55K -118.43K -94.8%
Victory Capital Management 284.77K +106.71K +59.9%
Kennedy Capital Management 76.96K -94.7K -55.2%
FMR 1.51M +93.73K +6.6%
NTRS Northern Trust 2.18M -90.74K -4.0%
D. E. Shaw & Co. 80.53K -78.77K -49.4%
Vanguard 4.73M +54.46K +1.2%
Crawford Investment Counsel 455.2K +54.25K +13.5%

Financial report summary

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Management Discussion
  • Consolidated net sales for 2021 increased 11.7 percent compared to the prior year.  The change was driven by a significant increase in the residential building products segment, along with a moderate increase in the workplace furnishings segment. Included in the 2021 sales results was a $34.9 million favorable impact from acquiring DPG, and a $12.4 million favorable impact from acquiring residential building products businesses.
  • Gross profit as a percentage of net sales decreased 220 basis points in 2021 compared to 2020, primarily driven by unfavorable price-cost, partially offset by higher residential building products volume and improved net productivity. Unfavorable price-cost was attributable to inflationary pressures in labor, materials, and transportation costs partially offset by increased price realization.
  • Selling and administrative expenses as a percentage of net sales decreased 130 basis points in 2021 compared to 2020, driven by higher residential building products volume and lower core SG&A, partially offset by increased freight costs, the return of costs related to temporary actions taken in 2020, and higher investment spend. Included in current year and prior year SG&A was $1.4 million and $6.8 million, respectively, of one-time costs driven by conditions related to the COVID-19 pandemic.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Bad
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