Company profile

Ticker
HNI
Exchange
CEO
Jeffrey D. Lorenger
Employees
Incorporated in
Location
Fiscal year end
Former names
Hon Industries Inc
SEC CIK
IRS number
420617510

HNI stock data

(
)

Calendar

30 Jul 19
24 Aug 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

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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 ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Bad
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