HNI HNI Corp.
HNI Corp. is engaged in the manufacturing and trading of office furniture. It operates through two segments: Office Furniture and Hearth Products. The Office Furniture segment manufactures storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems. The Hearth Products segment develops and markets gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories. The company was founded by C. Maxwell Stanley, Clem Hanson and H. Wood Miller in 1944 and is headquartered in Muscatine, IA.
Company profile
Ticker
HNI
Exchange
CEO
Jeffrey D. Lorenger
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Hon Industries Inc
SEC CIK
Corporate docs
IRS number
420617510
HNI stock data
()
Calendar
30 Jul 19
21 Oct 19
28 Dec 19
News
Company financial data Financial data
| Quarter (USD) | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|
| Revenue | 526.03M | 479.46M | 598.09M | 611.12M | |
| Net income | 15.81M | 1.02M | 32.36M | 39.91M | |
| Diluted EPS | 0.36 | 0.02 | 0.73 | 0.89 | |
| Net profit margin | 3.01% | 0.21% | 5.41% | 6.53% | |
| Operating income | 23.25M | 3.68M | 43.8M | 53.63M | |
| Net change in cash | 33.08M | 12.67M | |||
| Cash on hand | 28.78M | 76.82M | 43.74M | ||
| Cost of revenue | 333.44M | 309.84M | 374.17M | 377.79M |
Financial data from HNI earnings reports
Financial report summary
?Management Discussion
- Consolidated net sales for the second quarter of 2019 decreased 3.2 percent compared to the same quarter last year. The change was driven by a 3.4 percent decrease in the office furniture segment, along with a 2.7 percent decline in the hearth products segment. Office furniture segment sales decreased primarily due to a decrease in the supplies-driven business, along with a decrease of $5.0 million from the net impact of closing and divesting small office furniture companies. Hearth products segment sales decreased in both the new construction and retail businesses.
- Gross profit as a percentage of net sales decreased 40 basis points in the second quarter of 2019 compared to the same quarter last year primarily driven by lower sales volume and higher input costs, partially offset by price realization and improved operational performance.
- Second quarter 2018 cost of sales included $0.3 million of transition costs primarily related to structural realignment in China.
Content analysis
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| Legalese | ||
| Litigous | ||
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H.S. freshman Bad
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New words:
conform, flat, freight, offered, pay, satisfaction, unsatisfied
Removed:
account, adjust, apply, assessed, authority, consistently, dealer, decentralized, deliver, developing, excise, exclude, franchise, fulfillment, governmental, growth, handling, inflation, length, met, model, move, nature, obtaining, production, promised, prospectively, referred, seeking, shipping, split
Financial reports
10-Q
2019 Q2
Quarterly report
30 Jul 19
10-Q
2019 Q1
Quarterly report
30 Apr 19
10-K
2018 FY
Annual report
26 Feb 19
10-Q
2018 Q3
Quarterly report
30 Oct 18
10-Q
2018 Q2
Quarterly report
31 Jul 18
10-Q
2018 Q1
Quarterly report
1 May 18
10-K
2017 FY
Annual report
23 Feb 18
10-Q
2017 Q3
Quarterly report
31 Oct 17
10-Q
2017 Q2
Quarterly report
1 Aug 17
10-Q
2017 Q1
Quarterly report
2 May 17
Current reports
8-K
Hni Corporation Reports Earnings
24 Jul 19
8-K
Departure of Directors or Certain Officers
12 Jul 19
8-K
Departure of Directors or Certain Officers
6 Jun 19
8-K
Departure of Directors or Certain Officers
8 May 19
8-K
Hni Corporation Reports Earnings
22 Apr 19
8-K
Hni Corporation Reports Earnings
25 Feb 19
8-K
Other Events
13 Feb 19
8-K
Departure of Directors or Certain Officers
9 Nov 18
8-K
Hni Corporation Reports Earnings
22 Oct 18
8-K
Amendments to Articles of Incorporation or Bylaws
7 Aug 18
Registration and prospectus
S-8
Registration of securities for employees
9 May 17
S-8
Registration of securities for employees
25 Aug 15
S-8
Registration of securities for employees
15 Aug 13
S-8
Registration of securities for employees
11 Aug 10
S-8
Registration of securities for employees
11 Aug 10
S-8
Registration of securities for employees
11 Aug 10
S-8 POS
Registration of securities for employees (post-effective amendment)
11 Aug 10
15-12G
Securities registration termination
1 Dec 09
25-NSE
Exchange delisting
1 Dec 09
S-8
Registration of securities for employees
12 Jun 09
Proxies
DEF 14A
Definitive proxy
22 Mar 19
DEFA14A
Additional proxy soliciting materials
22 Mar 19
DEFA14A
Additional proxy soliciting materials
20 Apr 18
DEF 14A
Definitive proxy
23 Mar 18
DEFA14A
Additional proxy soliciting materials
31 Mar 17
DEF 14A
Definitive proxy
24 Mar 17
DEF 14A
Definitive proxy
25 Mar 16
DEF 14A
Definitive proxy
23 Mar 15
DEF 14A
Definitive proxy
21 Mar 14
DEF 14A
Definitive proxy
22 Mar 13
Other
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
30 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
27 May 16
SD
Conflict minerals disclosure
1 Jun 15
SD
Conflict minerals disclosure
2 Jun 14
UPLOAD
Letter from SEC
6 Apr 12
CORRESP
Correspondence with SEC
29 Mar 12
UPLOAD
Letter from SEC
22 Mar 12
UPLOAD
Letter from SEC
6 May 11