Hni Corp (HNI)
NYSE:HNI
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.04Last Year’s EPS
1.11Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive outlook driven by margin expansion, clear synergy targets from the Steelcase acquisition, outperformance in Residential Building Products (including 13% remodel/retrofit growth and a 190 bps margin expansion), and multi‑year EPS visibility. Near‑term challenges were acknowledged: a slower start to 2026 for legacy Workplace Furnishings (organic sales down ~3%–5%), Q2 non‑GAAP EPS pressure, and geopolitical/tariff headwinds. Management emphasized cost discipline, order momentum late in the quarter, and concrete savings/timing expectations that underpin the bullish full‑year and multi‑year earnings outlook.Company Guidance
Strong EPS Outlook and Multi-Year Earnings Visibility
Company expects a fifth straight year of double-digit non-GAAP EPS improvement in 2026 and projects double-digit non-GAAP EPS growth again in 2027; full-year 2026 non-GAAP EPS expected to grow by mid‑teens percent from 2025 full‑year non‑GAAP EPS of $3.53.
Q1 Earnings and Cash/Balance Sheet Targets
GAAP diluted EPS of $0.55 and non‑GAAP diluted EPS of $0.34 (slightly ahead of internal expectations). Management expects free cash flow to deleverage the balance sheet, targeting leverage returning to pre‑deal levels of 1.0x–1.5x within two years.
Residential Building Products Outperformance
Residential Building Products revenue increased more than 2% year‑over‑year in Q1 despite ongoing new‑home weakness; new construction revenue down mid‑single digits (better than market), remodel/retrofit revenue up 13% YoY, and segment operating margin expanded 190 basis points YoY to 17.6%.
Workplace Furnishings Profit Improvement (Including Steelcase)
Including Steelcase, Workplace Furnishings segment non‑GAAP operating profit in Q1 totaled almost $49 million — nearly double the prior‑year level — with management expecting modest accretion from Steelcase in 2026.
Order and Pipeline Improvement Late in Quarter
Organic order trends strengthened in March and into April: order funnel, bid quotes, design activity and 'jobs won but not yet ordered' increased, with small/medium customer orders up low single digits while large contract orders began to recover.
Material Synergy and Cost Savings Targets
Previously announced $120 million of Steelcase integration synergies are on track; management projects total synergy‑driven accretion of $1.20 per share when fully mature and expects savings exceeding $70 million in 2027 and more than $150 million when fully mature (excludes new cost management savings).
Practical Integration Decisions to Protect Operations
Terminated Steelcase multiyear ERP implementation to avoid disruption, eliminate substantial future ERP investment, and redeploy resources to customer‑facing growth initiatives; management reports synergy capture and cultural integration progressing well.
Disciplined Cost Management and Price/Cost Response
Company is actively controlling controllables (open headcount, discretionary spend) and expects to offset transportation/ tariff headwinds (about a $2M Q2 headwind) through price surcharges and productivity, recouping impacts in Q3/Q4.
HNI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HNI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $36.23 | $33.29 | -8.11% |
Feb 25, 2026 | $48.20 | $45.74 | -5.11% |
Oct 28, 2025 | $44.22 | $43.98 | -0.56% |
Jul 24, 2025 | $51.25 | $50.56 | -1.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hni Corp (HNI) report earnings?
Hni Corp (HNI) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is Hni Corp (HNI) earnings time?
Hni Corp (HNI) earnings time is at Jul 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HNI EPS forecast?
HNI EPS forecast for the fiscal quarter 2026 (Q2) is 1.04.