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Hni Corp (HNI)
NYSE:HNI
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.3Last Year’s EPS
0.44Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a largely positive view: strong multi-year earnings and margin expansion, organic revenue growth across segments, successful close of the Steelcase acquisition with clear synergy targets ($120M) and modeled accretion ($1.20), and a defined path to reduce leverage. Near-term challenges include Q1 2026 EPS pressure from timing and integration costs, purchase-accounting/stub distortions, and ongoing weakness in new-home construction. Management expects these headwinds to be temporary and to be offset by margin initiatives, synergy capture and steady cash flow, supporting confidence in continued double-digit EPS growth for 2026.Company Guidance
Sustained EPS Growth
Fourth consecutive year of double-digit non-GAAP diluted EPS growth; fiscal 2025 non-GAAP diluted EPS for legacy business was $3.74, up 22% versus 2024. Management cites an average annual EPS growth rate exceeding 15%.
Revenue Growth and Organic Performance
Total net sales for fiscal 2025 increased 12% year-over-year and 6% on an organic basis (excluding Steelcase). Legacy Workplace Furnishings organic net sales rose 6% YoY.
Operating Margin Expansion
Excluding Steelcase, full-year adjusted operating margin expanded 80 basis points to 9.4%. Legacy Workplace Furnishings non-GAAP operating profit margin expanded 100 basis points to 10.5%, with nearly 900 basis points of margin expansion over the past three years.
Residential Building Products Strength
Residential Building Products: Q4 revenue grew more than 10% YoY and full-year revenue increased nearly 6% versus 2024. Segment non-GAAP operating profit margin expanded 60 basis points to 18.1%, driven by remodel/retrofit strength and product/channel initiatives.
Steelcase Acquisition and Scale
Completed acquisition of Steelcase (Dec 10). Pro forma combined company metrics: total revenue > $5.8 billion, total adjusted EBITDA nearly $750 million, and annual free cash flow approximately $350 million.
Targeted Synergies and Accretion
Targeted cost synergies of $120 million (Americas-focused) and projected accretion of $1.20 per share. Management unchanged on $120M target and now expects modest EPS accretion from Steelcase in 2026 (excluding purchase accounting).
Network Optimization and Future EPS Tailwinds
Ongoing network optimization, KII synergy capture and Mexico ramp expected to yield incremental $0.25–$0.30 of EPS over the next three years (approximately $0.10 recognized in 2026). Company expects a fifth consecutive year of double-digit non-GAAP EPS growth in 2026.
Balance Sheet and Leverage Path
Post-close net debt-to-EBITDA of ~2.0x. Management expects cash flow strength to return leverage to pre-deal levels of ~1.0–1.5x within 18–24 months and reiterated commitment to continue dividend payments.
Clear 2026 Financial Guidance Components
Provided modeling items for 2026: depreciation & amortization $175–180M, interest expense $75–80M, and tax rate ~25%. Building Products revenue expected to be up low single digits for Q1 and full year; legacy Workplace mid-single digit growth for full year.
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 |
|---|---|---|---|
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% |
May 07, 2025 | $42.09 | $42.46 | +0.87% |
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 Apr 23, 2026, After Close (Confirmed).
What is Hni Corp (HNI) earnings time?
Hni Corp (HNI) earnings time is at Apr 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 (Q1) is 0.3.