Last $47.88 USD
Change Today +0.11 / 0.23%
Volume 111.4K
HNI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 6:40 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

hni corp (HNI) Snapshot

Open
$47.76
Previous Close
$47.77
Day High
$48.39
Day Low
$47.64
52 Week High
11/13/14 - $48.42
52 Week Low
02/4/14 - $31.00
Market Cap
2.1B
Average Volume 10 Days
176.4K
EPS TTM
$1.77
Shares Outstanding
44.4M
EX-Date
11/13/14
P/E TM
27.1x
Dividend
$1.00
Dividend Yield
2.07%
Current Stock Chart for HNI CORP (HNI)

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hni corp (HNI) Details

HNI Corporation, together with its subsidiaries, is engaged in designing, manufacturing, and marketing office furniture and hearth products primarily in the United States, Canada, China, Hong Kong, India, and Taiwan. The company’s Office Furniture segment offers a range of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, Paoli, HBF, Artco Bell, Midwest Folding Products, American Desk, basyx, Lamex, and ERGO brands, as well as under private labels. This segment sells its products through independent, local office furniture, and office products dealers; national office product distributors; selling relationships with the end-users; wholesalers; and direct sales to federal, state, and local government offices. The Hearth Products segment provides various gas, electric, and wood burning fireplaces; inserts; stoves; facings; and accessories for the home under the Heatilator, Heat & Glo, Quadra-Fire, Harman Stove, and PelPro brands. This segment markets its products through dealers and distributors, as well as through company-owned distribution and retail outlets. HNI Corporation was founded in 1944 and is headquartered in Muscatine, Iowa.

9,900 Employees
Last Reported Date: 02/21/14
Founded in 1944

hni corp (HNI) Top Compensated Officers

Executive Chairman, Chief Executive Officer a...
Total Annual Compensation: $883.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $390.6K
Executive Vice President and President of HON...
Total Annual Compensation: $447.5K
Executive Vice President and President of Hea...
Total Annual Compensation: $402.8K
Executive Vice President, President of Allste...
Total Annual Compensation: $372.8K
Compensation as of Fiscal Year 2013.

hni corp (HNI) Key Developments

HNI Corporation Declares Quarterly Dividend, Payable on December 1, 2014

HNI Corporation announced its Board of Directors declared a quarterly dividend of 25 cents per share on its common stock. The dividend will be payable on December 1, 2014, to shareholders of record at the close of business on November 17, 2014.

HNI Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 27, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014 and Full Year of 2015; Raises Earnings Guidance for the Full Year of 2014

HNI Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 27, 2014. For the third quarter, the company reported net sales of $614,690,000 compared to $565,706,000 a year ago. Operating income was $52,729,000 compared to $45,115,000 a year ago. Income before income taxes was $50,868,000 compared to $42,447,000 a year ago. Net income was $33,496,000 against $28,049,000 a year ago. Net income attributable to the company was $33,588,000 or $0.74 diluted per share compared to $28,094,000 or $0.61 diluted per share a year ago. Operating profit (non-GAAP) was $57.6 million compared to $45.2 million a year ago. Non-GAAP earnings per share were $0.81 against $0.61 a year ago. For the nine months period, the company reported net sales of $1,576,034,000 compared to $1,518,701,000 a year ago. Operating income was $88,028,000 compared to $68,340,000 a year ago. Income before income taxes was $81,994,000 compared to $60,589,000 a year ago. Net income was $54,177,000 against $40,627,000 a year ago. Net income attributable to the company was $54,389,000 or $1.19 diluted per share compared to $40,923,000 or $0.89 diluted per share a year ago. Net cash flows from operating activities were $74,807,000 compared to $83,487,000 a year ago. Capital expenditures were $81,748,000 compared to $55,107,000 a year ago. For the fourth quarter of 2014, the corporation estimates sales to be up 13% to 17% in the fourth quarter over the same period in the prior year, including sales from the recently acquired Vermont Castings Group. Non-GAAP gross profit margin is expected to be slightly higher versus fourth quarter 2013, when it was 35.7%. Non-GAAP earnings per diluted share forecast was $0.63 to $0.68 per share. For the full year of 2014, the corporation is raising its estimate of non-GAAP earnings per diluted share to the range of $1.95 to $2.00, which includes the Vermont Castings Group acquisition fourth quarter results and excludes restructuring and impairment charges, transition costs and gain/loss on sale of assets. The effective tax rate for 2014 is projected to be approximately 35%. And for the year, the company is expecting capital expenditures to be $90 million to $95 million. Free cash flow, defined as operating cash flow minus CapEx and capitalized software, is projected to be $70 million to $75 million for the full year. Looking to 2015. Current best estimate of full year non-GAAP earnings per diluted share is in the range of $2.47 to $2.65.

HNI Corp. to Report Q3, 2014 Results on Oct 15, 2014

HNI Corp. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Oct 15, 2014

 

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Industry Analysis

HNI

Industry Average

Valuation HNI Industry Range
Price/Earnings 28.4x
Price/Sales 1.0x
Price/Book 4.8x
Price/Cash Flow 24.3x
TEV/Sales 0.9x
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